The 1996 Basic Statute of the State (also referred to as the Basic Law) sets out the legal structure of Oman and the functions of the executive and the judiciary, as well as citizens’ personal liberties and public obligations. It provides that Oman’s basic principles include free market economics, cooperation between the public and private sectors, the protection of private property (with expropriation only in cases provided for by law and against fair compensation) and taxation in accordance…
From The Report: Oman 2016
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This chapter contains an overview of the legal framework within which local and international investors operate in Oman, including a look at the business environment for foreign investors, the different types of corporate entity recognized in Oman and a rundown of the various incentives available for inward investment. This chapter contains a viewpoint from Paul Sheridan, Managing Partner, Dentons.