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Published byWinfred Gardner Modified over 8 years ago
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About Us
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Name : MGI – Vision Chartered Accountants Location : Muscat, Sultanate Of Oman. Salalah, Sultanate of Oman. Specialization : Audit & Assurance Services. Feasibility and Market Research. Consulting services. Accounting & Book keeping Services. Our Clientele: Across various industries namely: Manufacturing, Construction, Hospitality, Trading etc. Our Core Values: Integrity. Simplicity. Innovation. Mission : Our mission is to help our clients accomplish their goals by providing the highest quality accounting, audit, tax and related professional services.
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MGI - VCA is handled by 3 Partners : Abdul Majid Al Abri CIA, CFA Piyush Thakkar CA Rakesh Jobanputra CA Our Team consists of 14 Talented & Hardworking Professionals Our Associates : EXOVA Financial Consultants - INDIA PMP & Co. – Chartered Accountants - INDIA Tumooh Consulting Services - OMAN
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About Oman
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Oman, officially the Sultanate of Oman, holds a strategically important position at the mouth of the Persian Gulf. The country is lead by the visionary Sultan Qaboos bin Said al Said, under who’s governance Oman has witnessed a steady and commendable growth. The currency circulated is the Omani Rial which is the third-highest-valued currency unit after the Kuwaiti dinar and the Bahraini dinar. Oman has a population of 4,092,000 (2015), 50% of which reside in the capital, Muscat. Oman was also chosen as the Fifth most peaceful country in the region.
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Doing Business in Oman
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Political stability is one of the most attractive features in the Sultanate. The government encourages investment of Foreign Capital in untapped resources. The GDP has grown considerably over the years ( 81.8bn USD). Oman’s “Vision 2020” is the country’s programme for diversification away from hydrocarbons and it focuses on privatisation and industrialisation.
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Oman Offers 3 Free Trade Zones: SoharSalalahAl Mazyona 100% foreign ownership 50 Years Tax Exemption Zero Customs Duty Low Omanisation Requirement s Benefits of these FTZ are : Other Business Friendly Features Include: Low interest rates for obtaining finances. Cheap Human Resources. Low Taxation Rates. Well governed Stock Market. Government support for SMEs.
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Emerging Scenario
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The following plans have been laid out for the year 2016 in lieu of the crippling oil prices : 1 Proposal for 100% ownership for foreign investors in Oman. 2 Focus on expanding the Tourism Sector. 3 Cut down on subsidies. 4 Tax Reforms. 5 Introduction of VAT.
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What We Expect from MGI
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A closely knit network of professionals worldwide. Access to an array of resources offered by our fellow members. Exchange of knowledge and techniques. A platform for discussions for all fellow members for easy exchange of ideas. Networking and expanding our Clientele.
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What MGI can expect from Us
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Adherence to all Standards. Quality of work. Ethical practices. Dynamic Workforce. Eagerness to Grow. Support to fellow members.
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