Скачать или смотреть New law to help Oman attract more investments

Oman’s new Foreign Investment Law is expected to bring more investors to the Sultanate, and make it more attractive for them to commit to projects in the country.

Expats in Oman as well as foreign nationals outside the Sultanate who wish to invest in the country will need to abide by the rules of the new Foreign Investment Law from Thursday, January 2 onwards. The Foreign Investment Law will come into effect from that day, according to article 5 of Royal Decree number 50/2019, which states that the ruling will be implemented six months after being published in the official gazette.

The law is aimed at creating an attractive investment environment for investors, and creating conditions that would encourage more investors to come into Oman. The law was drafted keeping in mind the competition countries face to attract investors, and for this reason, investors who choose to dedicate resources to projects in Oman will receive many incentives, privileges and guarantees that are expected to stabilise foreign investments in the country.





Website: http://timesofoman.com
Facebook:   / timesofoman  
Twitter:   / timesofoman