business setup in Oman, tax-friendly, Russian business in Oman

Jurisdictions with Friendly Policies To Russian Businesses

Management 03.07.2025

In today’s geopolitical environment, selecting the right country for company registration requires more than low taxes. You need jurisdictions that offer real access, legal stability, and neutrality toward Russian entrepreneurs and investors.

We are here to help you form and operate businesses in countries that combine business openness, tax efficiency, and banking access — even for Russian nationals.

Government-Level Openness to Russian Citizens

The jurisdictions we work with maintain a neutral or pragmatic approach toward Russia, allowing:

Russian citizens and residents to own and manage companies without restrictions
Use of Russian documentation (passports, PoAs, company docs) with minimal legalization
Access to long-term residency visas and work permits
In some cases, no CRS (automatic tax reporting) for international income and accounts

Examples include:
UAE, Oman, Armenia, Kazakhstan, Serbia, Malaysia, Thailand, Kyrgyzstan

Bank Account Access for Russian-Owned Companies

While many Western banks block accounts associated with Russian UBOs, in the jurisdictions we work with, you benefit from:

Banks that accept Russian UBOs with clean compliance profiles
Remote or flexible onboarding
KYC in English or Russian
Multi-currency accounts (USD, EUR, AED, RUB, CNY)
Support for IT, consulting, e-commerce, trading, crypto, and holding structures

We help prepare a compliant structure and documentation package to minimize rejection risk and speed up approval.

Tax-Friendly Jurisdictions

We focus on jurisdictions with low or optimized tax regimes:

Jurisdiction	Corporate Tax	Personal Tax	VAT	Notes
UAE	0% / 9%*	0%	0–5%	Free Zones may allow 0% tax; 9% only above AED 375,000 net profit
Oman	15% / 0%**	0% / 5%***	5%	Free Zones offer 0% corp. tax; PIT from 2028 only for high-income individuals
Armenia	0–18%	0–22%	20%	Microbusiness regime: 1–5% turnover tax
Kazakhstan	0–20%	10%	12%	Astana Hub offers 0% corp. tax for IT
Serbia	15%	10–20%	20%	Strong tax treaties, low dividend tax
Malaysia	0–24%	0–30%	6% (SST)	Foreign income often exempt
Kyrgyzstan	0–10%	10%	12%	Simplified regimes for SMEs

*UAE: 9% applies only to profit exceeding AED 375,000
**Oman Free Zones: up to 30 years of 0% tax
***Oman: From 2028, 5% PIT applies only to income > ~USD 109,000/year

Spotlight: Oman Free Zones

Oman is a fast-rising, neutral Gulf jurisdiction that welcomes foreign business. Companies registered in its Free Zones enjoy:

0% corporate tax for up to 30 years (renewable)
No import/export duties on goods in/out of the zone
100% foreign ownership — no local partner required
Free currency movement and full capital repatriation
Government support for infrastructure, logistics, staffing

Key Free Zones:

Salalah Free Zone (SFZ) – Ideal for logistics, India–Asia–Africa trade
Sohar Free Zone – Heavy industry, trade, and port access
Duqm SEZ – Large-scale development hub with energy and maritime focus
Knowledge Oasis Muscat (KOM) – Suited for IT, tech startups, and innovation

Combined with Oman's stable geopolitical stance, access to Gulf markets, and now a predictable tax regime, it is an excellent choice for Russian-owned SMEs, IT firms, trading companies, and holding structures.

Ideal for Structuring and Expansion

Our clients use these jurisdictions to:

Operate international B2B/B2C services
Build compliant IT or development hubs
Create regional trade companies
Hold and protect capital offshore
Relocate founders under tax residency programs

Why us?

Over 10 years of experience with Russian-speaking entrepreneurs
On-the-ground partners in UAE, Oman, Armenia, Serbia, and more
Pre-screened banks that work with Russian UBOs
Documentation in English and Russian
Confidential, strategic, and legally compliant service

Ready to Set Up?

Tell us your goals, and we’ll match you with the right jurisdiction, company type, and banking solution — all tailored to the realities of doing business as a Russian founder.