Oman: Regulations set for Foreign Capital Investment Law
Published 21 Jun,2020 via Muscat Daily - The Minister of Commerce and Industry has issued the executive regulations of the Foreign Capital Investment Law (FCIL), providing an environment attractive for investors from around the world to come and invest in the sultanate.
Creating appropriate conditions for investment in Oman, the regulation has detailed the necessary procedures for registering foreign institutions and companies, terms and conditions, timeframe for approvals, and conditions of permits and licenses related to the investment projects.
H E Dr Ali bin Masoud bin Ali al Sunaidi, Minister of Commerce and Industry, issued executive regulations of the Foreign Capital Investment Law which is based on the Royal Decree No. 50/2019, as was required in the public interest.
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