Oman: Measures to encourage foreign investment

Oman: Measures to encourage foreign investment

The authorities have started evaluating foreign investments for approval in setting up 100% foreign-owned companies in Oman under the new Foreign Capital Investment Law (RD 50/2019).

1000

Related content

The new foreign investment law—effective beginning January 2020—includes the following features:

  • The rules allow 100% foreign investment (previously 70%) for all activities except those that are specifically identified on a “negative list.”
  • The negative list and other implementing rules are expected to be released by July 2020.
  • The minimum share capital requirement (OMR 150,000 or approximately U.S. $389,000) under the previous rules is no longer required.


Read a February 2020 report prepared by the KPMG member firm in Oman

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal