INTRODUCTION:
The Commercial code of Oman provides that foreign nationals can engage in commerce in the Sultanate of Oman only after obtaining "permission to do so in accordance with the applicable laws". Article 24 of the code provides that foreign companies may not establish a branch in the sultanate or engage in commerce except through an Omani local agent who is a merchant and in accordance with the rules set forth by the law.
The Regulation of Foreign Capital Investment, in particular, provides that: -
1. Foreign nationals may not conduct any business activities or participate in an Omani company without obtaining a license to that effect from the Ministry of Commerce and Industry.
