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Complete Foreign Ownership Is Now A Possibility In Omani Businesses

Foreign Investment Omani Business

Complete Foreign Ownership Is Now A Possibility In Omani Businesses

Last Updated on July 17, 2020

  

Complete Foreign Ownership Is Now A Possibility In Omani Businesses

  

100 percent or complete foreign ownership is now possible in majority of Omani companies as per the new Foreign Capital Investment Law that came into effect in the Sultanate starting January 7, 2020. However, there was an exception of a small number of trades and services, in which this won’t be applicable.

There are 37 types of commercial activities that are prohibited for complete or 100 percent foreign ownership including translation and photocopying services, laundry, tailoring, vehicle and automotive repairs, sale of drinking water, transportation, manpower and recruitment services, taxi operation, hairdressing and salon services, fishing, rehabilitation homes meant for the elderly, or disabled, and orphans.

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