Introduction
Oman is a country located in a highly useful area
geographically. It has ideal connections to Saudi Arabia and the
UAE, which are two of the powerhouse nations in the region. As
such, it is a highly attractive prospect to many foreigners and
foreign entities. With a population of almost 5 million, around 50%
are expatriates.
Being part of the GCC, there are specific regulations in place
relating to setting up of businesses and the ownership rights of
foreigners. Generally, an individual must have a local partner who
will be a partner owning at least 35%.
However, some of the Middle Eastern nations such as the UAE,
have begun to amend their regulations to make them more inviting
and attractive to foreign investors. The amendment is not yet
active though it may be soon.
