Can Foreigners Own a Business in Oman?
Short Answer
Yes, foreigners can now own one hundred percent of a business in Oman in most sectors following the 2019 Foreign Capital Investment Law. Previously, foreign ownership was capped at seventy percent and required a local partner, but this restriction has been largely removed.
Detailed Answer
Oman’s Foreign Capital Investment Law, enacted by Royal Decree 50/2019, marked a watershed moment for foreign entrepreneurs and corporations seeking to operate in the Sultanate. The law eliminated the general requirement for an Omani partner and allowed full foreign ownership across most economic activities.
A negative list specifies the limited number of sectors where restrictions remain, including certain defence-related activities and businesses closely tied to national security. For all other sectors, foreign investors may establish and fully own limited liability companies, joint-stock companies, or branches of foreign firms.
The minimum capital requirements vary by business type and sector. Registration is handled through the Ministry of Commerce, Industry and Investment Promotion, and the process has been digitised to reduce bureaucratic delays. Businesses operating in special economic zones such as Duqm, Sohar, and Al Mazunah enjoy additional advantages including customs exemptions and simplified procedures.
Foreign business owners must still comply with Omanisation quotas, which mandate that a specified percentage of the workforce be Omani nationals. The exact quota varies by sector and company size. Additionally, obtaining certain professional licences and permits may involve supplementary approvals from relevant ministries.