Oman Archives - Page 23 of 27 - LexisNexis Middle East

Oman: New Tourist Visa Rules Announced

16/11/201911/12/2019
by Benjamin Filaferro

New visa rules for tourists looking to visit Oman have been announced by the Oman Royal Police. Under the new rules, those looking to travel to the Sultanate will have to apply for an e-visa. It will cost 50 AED. It will be valid for up to four weeks and could be extended for another week. They can be applied for online and applications will be approved in up to four days. The new system offers unsponsored and sponsored tourist visas; tourist visas for GCC residents and express visas. The families of residents, their drivers, housemaids and companions can also use the system providing they have at least three months remaining on their passports.

Expired Oman Business Law Forum (Third Edition) – 24 November 2019

03/11/201911/12/2019
by Benjamin Filaferro

We're sorry, but all tickets sales have ended because the event is expired.

Oman Business Law Forum - Third Edition
24/11/2019
8:30 AM - 2:30 PM

After the success of the 1st and 2nd Oman Business Law Forums, gathering over 100 people from the Omani legal and business community, LexisNexis, in collaboration with the Omani Lawyers Association and Omani British Lawyers Association, will host the 3rd Oman Business Law Forum that will cover the latest legal developments and trends in Oman. (more…)

News developments

Oman Bankruptcy and Insolvency Law will come into force on 1 July 2020

27/10/201911/12/2019
by Benjamin Filaferro

The Acting Director of the Legal Department at the Commerce and Industry Ministry has announced Oman Sultani Decree No. 53/2019 promulgating the Bankruptcy and Insolvency Law will come into force on 1 July 2020. Under the Law, individuals and institutions who have declared bankruptcy will need to pay their creditors back. The payment will be agreed through a payment restructuring plan. Both parties will have to agree to the plan and it must be ratified by a court. The court’s judgment will have to be published in the Official Gazette and the bankrupt will have to pay it. Traders who make false bankruptcy claims will be fined between 200 and 500 Rials.

News developments

Oman: Employers Told to Use E-Visa Scheme

13/09/201911/12/2019
by Benjamin Filaferro

The Royal Oman Police (ROP) has launched a nationwide awareness campaign to educate businesses on the benefits of registering their workers through the e-visa system. According to ROP officials, the work e-visa will be launched soon. There will be no need for those who apply for the e-visa to visit service outlets at the Directorate General of Passports and Residence. To sign up for an e-visa, visit www.evisa.rop.gov.com

News developments

Oman: MoCI to Implement Specifications on Cosmetics and Personal Care Products

07/09/201911/12/2019
by Benjamin Filaferro

Oman’s Ministry of Commerce and Industry (MoCI) will start to implement the GSO 1943/2016 specification on cosmetics and personal care products as an Omani specification, by the end of January 2020. The specification will come into effect at the end of the six-month period that was previously granted after the issue of Oman Ministerial Decision No 128/2019 on the same specification on 28 July 2019. Shaima bint Khamees al Baluchi, a chemical products quality control specialist at the Directorate General of Standards and Specifications at MoCI, has said the decision has resulted from the increase in manufacturing and importing of cosmetics and personal care products in the country. The aim is to make sure all these products are safe for human use. The specification will require a number of criteria to be followed to ensure the safety of beauty, cosmetics and personal care products. It has also been stated the properties of products should not change while they are in storage or while in use, and they should be labelled to show all ingredients they contain.

News developments

Oman: Workshop Discussing the Establishment of a Special Economic Zone in Musandam

04/09/201911/12/2019
by Benjamin Filaferro

Oman’s Chamber of Commerce and Industry has organised a workshop to address the importance of establishing a special economic zone in the Governorate of Musandam. The workshop considered the exceptional business environment of this governorate and looked at required incentives for activating economic activities and mechanism for creating more opportunities for job seekers. The initial suggestions provided by the majority of participants included the need for establishing free markets, commercial spaces, technology parks and other activities under the umbrella of the proposed special economic zone.

Expired Contract Drafting Workshop in Oman – September 2019, Oman

08/08/201911/12/2019
by Madelein Du Plessis

We're sorry, but all tickets sales have ended because the event is expired.

Contract Drafting Workshop
02/09/2019 - 03/09/2019
8:30 AM - 3:00 PM

LexisNexis, The Ministry of Legal Affairs of Oman and K & Co LLP are delighted to invite you to attend a two-day training workshop taking place on 2-3 September 2019 on contract drafting, delivered by Ken Adams. The workshop will discuss issues related to contract language and layout, based on Ken Adams’ book “A Manual of (more…)

News developments

Oman: Temporary Ban on Hiring Expats Extended to More Professions

04/08/201911/12/2019
by Benjamin Filaferro

Oman’s Ministry of Manpower has extended the temporary ban on hiring expats to four more professions in the private sector as part of the Omanisation strategy. The ban will be extended for another six months starting from 5 August 2019 and will be extended to certain professions in the fields of IT, accounting and finance, sales and marketing, management and human resources, insurance, media, the medical profession, airports, engineering, and roles that involve technicians. The ban was specified in Oman Ministerial Decision No. 73/2019.

News developments

Oman: New Securities Law Being Considered

16/07/201911/12/2019
by Benjamin Filaferro

The Omani Government is considering a new Securities Law to help the securities market grow in the Sultanate. The draft is being reviewed by the Legal Affairs Ministry. It is expected to be approved and discussed by the end of the first quarter of 2020. If approved, there will be a Capital Market Law and a separate Securities Law. It will allow the roll-out of a diverse range of instruments for trading and investment in the securities market which will include derivatives such as swaps, forwards, futures, mortgage-backed securities and options. None of these can be traded in Oman at the moment. Trading in commodity derivatives, currency swaps, interest rate futures, credit default swaps, CFDs and international indices will also be allowed and Trusts will be introduced. They will provide a vehicle to Collective Investment Schemes. It will allow crowdfunding for small and medium enterprises to raise finance for their operations and growth.

News developments

Omani Bankruptcy Law Approved

06/07/201911/12/2019
by Benjamin Filaferro

Oman’s Sultan has issued five Sultani Decrees including a Decree approving the Bankruptcy Law. Oman Sultani Decree No. 53/2019 will be published in the Official Gazette and will come into force one year after its publication in the Gazette. It will repeal Book Five of the Sultanate’s Trade Law and anything else which contradicts or contravenes it will be repealed. The Commerce and Industry Minister will issue the relevant regulations and decisions to implement the law following input from other specialist departments.

Tag: <span>Oman</span>