Royal Decree No. 50/2019 issuing
Foreign Capital Investment Law
We Qaboos bin Said, Sultan of Oman
After reviewing the Basic Law of the State issued by Royal Decree No. 101/96,
And the Commercial Agencies Law promulgated by Royal Decree No. 26/77,
And the Law of Expropriation for Public Benefit promulgated by Royal Decree No. 64/78,
And the Law of Organizing and Encouraging Industry promulgated by Royal Decree No. 1/79,
And the Land Law issued by Royal Decree No. 5/80,
And the Royal Decree No. 5/81 regulating the usufruct of the Sultanate’s lands,
And the Trade Law promulgated by Royal Decree No. 55/90,
And Royal Decree No. 57/93 issuing the provisions regulating Gulf investment,
And the Foreign Capital Investment Law issued by Royal Decree No. 102/94
After presentation to the Oman Council,
Based on the public interest.
We drew what is coming
● Article one
The Foreign Capital Investment Law, attached.
● second subject
The Minister of Commerce and Industry issues the executive regulations of the attached law within a period not exceeding (6) six months from the date of its entry into force. He also issues the decisions necessary to implement its provisions, and until they are issued, work continues.
With the decisions in force, as long as they do not conflict with its provisions.
● Article three
The advantages, incentives, and guarantees granted to existing investment projects at the time the attached law comes into force shall continue until their respective periods expire, in accordance with the laws and agreements derived from them.
● Article four
The Foreign Capital Investment Law promulgated by Royal Decree No. 102/94 is repealed, as is everything that contravenes the attached law, or contradicts its provisions.
● Article five
This Decree shall be published in the Official Gazette, and shall come into effect after the expiration of (6) six months from the date of its publication.
Issued on: Shawwal 27, 1440 AH
Corresponding to: July 1, 2019 AD