26 January 2016

Oman proposes new foreign capital investment law to attract foreign investment

Oman's Ministry of Commerce and Industry (MoCI) is in the final stage of drafting a new foreign capital investment law with assistance from the World Bank. The law, in its third and final draft, has been prepared incorporating comments and suggestions received on the previous drafts circulated in 2015.

A Tax Alert prepared by Ernst & Young Oman, and attached below, provides additional details.

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Document ID: 2016-0175