The Sultanate of Oman has increasingly positioned itself as an attractive destination for foreign direct investment, supported by significant legal and regulatory reforms aimed at improving the business environment and diversifying the national economy. These reforms form part of Oman’s broader economic transformation under Vision 2040, which seeks to reduce reliance on hydrocarbon revenues and promote private sector growth.
A key milestone in this reform process was the introduction of the Foreign Capital Investment Law (FCIL) under Royal Decree No. 50/2019, which came into force on 1 January 2020. The FCIL replaced the previous investment framework and liberalised foreign ownership in Oman. Most notably, the FCIL allows foreign investors to own up to 100% of the share capital in certain forms of Omani entities.
The below guide covers how to conduct business in Oman as a foreign investor, including establishing a presence in Oman, special economic and free zones, and investor protections.
For bespoke advice, please contact our corporate team on the ground in Oman.
Click here to download our guide.
