Oman

Oman

New Executive Regulations of the Foreign Capital Investment Law

14 Jun 2020

The Ministry of Commerce and Industry issued Ministerial Decision 72/2020 (“MD 72/2020”) on the Executive Regulations of the Foreign Capital Investment Law (Sultani Decree 50/2019). The Executive Regulations came into effect on 14 June 2020. The key points include, among others: 1. Clarification of the licensing procedure for foreign investors. 2. Clarification of the conditions for granting incentives and benefits to foreign investment projects. 3. Introduction of the concept of negative list: Foreign investors will be prohibited from practicing activities in those areas which will be included in the negative list, typically small-scale industrial activities.

Nature of measure:
  • Facilitation
Type:
  • Entry and establishment (Approval and admission - other)
  • Promotion and facilitation (Investment incentives)
Inward FDI:
No
Outward FDI:
No
Sources: