The Supreme Committee announced a series of relief measures designed to help small and medium-sized enterprises engaged in specific activities. File photo used for illustration purposes only
Muscat: Several economic activities run by small and medium-sized enterprises in Oman are exempt from rental fees, as part of the measures taken by the Supreme Committee to help businesses get started again.
The Supreme Committee decided “to exempt owners of small and medium-sized enterprises from rental fees for the activities described in Annex 1 for holders of Riyada business cards in real estate areas owned by government entities,” said the government agency in a press release.
These business activities include management of exhibitions, wedding halls, fitness centers and gymnasiums, festival organizers, conference organizers, tent rental, event provision and furniture rental, amusement parks and play areas, party planners, hookah lounges, travel agencies, tour operators, labor recruitment services, nurseries, kindergartens and cinemas.
Other activities included are heritage houses, eco lodges, adventure tourism operators, diving schools, equestrian training centers, caravan rentals, hotels, motels and resorts, apartments hoteliers, primary education services (levels 1 and 2), post-primary, technical and vocational education, schools providing education for people with disabilities, religious schools and companies involved in Hajj transport and Umrah.
SMEs are also exempt from registration fees demanded by the Isnad Tender Board and fees charged for the rental of land. Any arrears they owe can also be deferred. The cost of renewing their entrepreneur cards is also waived, provided they expire in 2021.
There is also a “deferral of payment of small and medium-sized business loans for the activities described in Annex 1 for Riyada business card holders, and those who had previously benefited from Al Raffd Fund loans,” added the communiqué of the Supreme Committee. .
In addition, private sector companies that operate the above companies are exempt from paying the fines related to company licenses, provided that they have expired between June 1, 2020 and December 31, 2021, and the companies in question intend to continue to operate these businesses.
Fines related to work cards that have expired or will expire between the above dates are also exempt, regardless of whether the holder of the work card has left / will leave Oman permanently or wishes to renew their work card.
Businesses are also exempt from fines for non-renewal of business and licenses, provided they intend to renew them this year.
The renewal of expired work permits is also free of fines. Organizations that have lost expatriate workers because they left the country due to the pandemic will also be granted replacement work permits, depending on the categories available.
The Supreme Committee also called on banks and financial services companies to reschedule loan repayments for SMEs and mainstream businesses, without forcing them to pay associated fees.