Oman Sultani Decree No. 39/2016 Promulgating a Law on Continuation of Licence Validity for Foreign Accountancy and Audit Companies and Exemption of Omani Owners of Such Offices from the “Full-Time Commitment” Condition

We, Qaboos bin Said, Sultan of Oman,

After perusal of the Basic Statute of the State promulgated by Sultani Decree No. 101/1996;

The Law on the Regulation of the Profession of Accounting and Auditing promulgated by Sultani Decree no. 77/86;

Sultani Decree No. 21/2011 on continuation of licence validity for foreign accountancy and audit companies and exemption of Omani owners of such offices from the “full-time commitment” condition; and

After presentation to the Council of Oman; and

Based on the requirement of the public interest

Have issued the following Decree:

Article 1

The provisions of the attached Law on Continuation of Licence Validity for Foreign Accountancy and Audit Companies and Exemption of Omani Owners of such Offices from the “full-time commitment” condition shall be applied.

Article 2

The present Decree shall be published in the Official Gazette.

Issued on 14 Dhi al-Qi'dah 1437 H.

Corresponding to 18 August 2016

Qaboos bin Said

Sultan of Oman