Can a foreigner own majority shares in an Omani company?
The Sultanate encourages foreign capital that will enhance the overall development of the country.
It supplements local investment in utilizing its untapped resources, facilitate the transfer of technology, know-how and managerial skills.
It benefits from worldwide connections of multinational corporations with the opportunity to open new markets for Oman products.
Foreign ownership is allowed up to 100% with the approval of the Ministerial Cabinet; however, in accordance with the commitment provided to the World Trade Organization, approvals for foreign ownership of up to 70% are granted, in most sectors, on an automatic basis.
As per the Foreign Capital Investment Law, the Ministry grants licensesto applicants if the paid up capital of the company is at least RO 150,000 (US $ 390,000).