Oman: Foreign Investment Law Exemptions Announced
The Omani authorities have announced small businesses have been exempted from 100% foreign ownership under the Sultanate’s Foreign Investment Law. Businesses which are included are translations, photocopying, tailoring, laundry, vehicle repairs, transporting and selling drinking water. It also covers manpower and recruitment services, hairdressing and salon services, taxi services, driving instructions, fishing and rehabilitation homes for the elderly, disabled and orphans. The aim is to make investing in the country more attractive but protect Oman’s small businesses.