Oman repealed their previous Foreign Capital Investment Law promulgated by Royal Decree 102/94 and replaced it in 2019 with Royal Decree 50/2019. The new Foreign Capital Investment Law outlines the requirements for foreigners to do business in the country such as conditions, procedures, timelines, approvals needed, etc. Additionally, the law includes several provisions for the protection of rights of the foreign investor such as requiring a notification by the ministry in the case of a violation and allowing a period of 30 days to rectify the offence, guaranteeing protection from arbitrary or illegal seizure of assets, and establishing a council for grievances of foreign investors.
Date Adopted / Created / Concluded
Support and protection of migrant workers and their rights