Draft Real Estate Law in Oman its’ Opportunities, and Key Challenges in 2025 The real estate industry in Oman is embarking on a fascinating era of development and upgradation supported by new laws, deliberate government policy changes, and a continuously enhancing investment environment. With the Sultanate seeking to diversify its…
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Oman's Draft Personal Income Tax Law Oman is edging towards the introduction of the Gulf region's first-ever personal income tax (PIT), which could be a possible turning point in the region's historic tax-free status for individuals. The most recent draft of Oman's Personal Income Tax Law, which has recently been…
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Oman’s New Citizenship Law On February 2, 2025, Sultan Haitham bin Tariq of Oman issued Royal Decree No. (17/2025), approving a new citizenship law that replaces the previous legislation from 2014. This law introduces a stricter framework for acquiring, retaining, and revoking Omani nationality, raising concerns over its impact on…
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Oman’s new Banking Law: Royal Decree 2 of 2025 At the start of 2025, the banking and finance sector of Oman has faced radical changes following the issuance of four new Royal Decrees expected to change the landscape of its regulation. Effective 1 January 2025, the newly introduced Banking Law…
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Oman’s New Media Law The Sultanate of Oman has been one step forward in modernizing media development by coming out with a new media law issued under Royal Decree No. 58/2024. Officially, this law became in force on November 11, 2024, and is intended to consolidate and supersede the existing…
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Oman's Social Protection Law Royal Decree 52/2023, Oman, issued on July 19, 2023, has been a momentous step forward in the implementation of universal social security throughout the Sultanate. With the technical assistance of the International Labour Organization (ILO), this is a landmark law that establishes an all-encompassing framework of…
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Law Regulating Trade in Wildlife in Oman Oman has taken a decisive step toward nature conservation by introducing new legislation under the Royal Decree Regulating Trade in Wildlife. The newly enacted law reflects Oman’s strong commitment to biodiversity protection, aligns with the objectives of Oman Vision 2040, and establishes robust…
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Evolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…
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GCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Family Law in GCC A Family is formed by considering several factors like the social, political, and monetary. Similarly, there is a legal design in framing a family. In a net shell a family law covers two fundamental fields one is the relationship between spouses and the other is the…
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A closer look at Electronic Privacy Laws in the GCC The cooperation council for the Arab State of the Gulf is commonly known as Gulf Cooperation Council (GCC). It is a regional, intergovernmental, political and economic union that consists of all Arab states of the Persian Gulf except Iraq. The…
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Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
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Competition Law in Oman (Updated in 2020) 1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection and Monopoly Prevention Centre (The Centre) The Board of the Centre (The Board) 2. In the context of a merger acquisition in what circumstances,…
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