New Foreign Capital Investment Law in Oman
The Sultani Decree 50/2019 was issued by His Majesty Sultan
Qaboos July 1, 2019 that replaced the old Foreign Capital
Investment Law (FCIL). New FCIL was drafted with assistance from
the World Bank. The new law came onto force on July 7, 2019.
Under the old regime the foreigners were not permitted to
undertake commercial activities in the Sultanate of Oman unless
they had an agent or formal presence. Foreigners were also not
permitted to establish a wholly owned commercial company was
restricted. The maximum equity that a foreigner could hold in any
entity was upto 49%. But there were certain exceptions and complete
foreign ownership was permitted in:
