Law on Foreign Capital Investment, national treatment and land/utility coordination
In forceRoyal Decree No. 50/2019, Arts. 18-20
Effective 2020-01-01 · Applies to private
Article 18 gives an investment project all the benefits, incentives, and guarantees enjoyed by a national project under Oman's laws, and lets the Council of Ministers declare preferential treatment for a foreign investor on a reciprocity basis or grant additional benefits to projects established in the Sultanate's least-developed areas.
Article 19 lets the Investment Services Centre designate land and real estate for a project by long-term lease or usufruct right outside the ordinary Land Law and usufruct-regulation procedures, and requires the Public Authority for Investment Promotion and Export Development to coordinate with the ministries and bodies competent to provide water, electricity, gas, wastewater, public roads, and communications to the boundary of the project.
Article 20 defers to the Law's executive regulation which investment projects, and for how long, may be exempted from taxes, customs duties, and non-customs duties, without prejudice to the GCC Unified Customs Law.
Article 3 prohibits a foreign natural or legal person from undertaking any investment activity in the Sultanate except under this Law, and Article 2 expressly carves the Duqm Special Economic Zone, the Public Establishment for Industrial Estates, and free zones out of the Law's own scope, leaving those to their own separate regime.
Source: Full text of law