Resolution No. )1( for the year 2019 on the Implementation of the Wage Protection System

Date Adopted / Created / Concluded

Resolution No. 1 on the Implementation of the Wage Protection System, issued by the Minister of Labour and Social Affairs on 11 July 2019 provided for the establishment of a database in LMRA for purposes of oversight of salary payments by employers to employees in accordance with the provisions of the Law and resolution No. 68 for the year 2019 on the Wage Protection System.

Royal Decree 50/2019 Promulgating the Foreign Capital Investment Law

Date Adopted / Created / Concluded

Oman repealed their previous Foreign Capital Investment Law promulgated by Royal Decree 102/94 and replaced it in 2019 with Royal Decree 50/2019.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.

Federal Decree Law No. (19) of 2018 Regarding Foreign Direct Investment

Date Adopted / Created / Concluded

The Cabinet issued “Federal Law by Decree No. (19) of 2018 Regarding Foreign Direct Investment“, a new foreign investment law that allows more than 49 per cent ownership to foreigners in some businesses that could go up to 100 per cent in commercial companies in 13 economic sectors covering 122 economic activities (renewable energy, space, agriculture and manufacturing, transportation and storage, accommodation and food services, information and communication, and more.)

Federal Law No. 10 of 2017

Date Adopted / Created / Concluded

Federal Law No. 10 introduces measures for the protection of domestic workers such as outlining the role of recruitment agencies, setting standards for labour contracts, employer and employee obligations, inspections, penalties, time off, end of service indemnity, termination of contracts, and providing dispute settlement.