Oman Ministerial Decision No. 361/2023 On the Simplification of the Investment Procedures and Facilitation of Measures for Investors

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Based on the Foreign Capital Investment Law issued by Oman Sultani Decree No. 50/2019;

Oman Sultani Decree No. 97/2020 amending the name of the Ministry of Commerce and Industry to become Ministry of Commerce, Industry and Investment Promotion, determining its competencies and approving its Organisational Structure;

The Implementing Regulation of the Foreign Capital Investment Law issued by Oman Ministerial Decision No. 72/2020;

After the approval of the Council of Ministers; and

Based on the public interest requirements,

The following was decided:

Article 1

The annexed provisions shall apply for the simplification of the investment procedures and the facilitation of the measures related to investors.

Article 2

Any provisions deemed contrary to or inconsistent with the provisions of this Decision shall be abrogated.

Article 3

The present Decision shall be published in the Official Gazette, and shall come into force from the day following the date of its publication.

Issued on: 18/11/1444 H.

Corresponding to: 07/06/2023

Qais Bin Mohammed Bin Moosa Al Yousef

Minister of Commerce, Industry and Investment Promotion