- Completion of the Regulatory Framework: Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) issued Decision No. 81/2026, establishing the Executive Regulations for the unified Special Economic Zones and Free Zones Law (Royal Decree No. 38/2025) to govern the entire investment lifecycle, including land allocation, licensing, and compliance oversight.
- Digital Transformation and Streamlined Licensing: The regulations enhance the digital “One-Stop Shop” platform to simplify administrative procedures, enabling automated license issuance and renewals, clear processing timelines, and integrated government approvals.
- Strategic Incentives and Real Estate Guidelines: The framework establishes criteria for “strategic projects” (requiring a minimum OMR 10 million investment and qualitative national contributions) eligible for single approvals and renewable 10-year tax exemptions across 10 specific sectors, while setting detailed rules for real estate development, escrow accounts, off-plan sales, and foreign ownership.
Source EY
Latest Posts in "Oman"
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