Royal Decree 19/2004 Extending the Validity of Licences of Offices and Branches of Foreign Offices and Companies Working in the Accounting and Auditing Profession and the Period of Fulfilling the Full-Time Requirement for Omani Offices

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

Royal Decree 53/96 Amending the Law Regulating the Accounting and Auditing Profession issued by Royal Decree 77/86,

and Royal Decree 70/2001 Extending the Validity of Licences for Offices, Branches of Foreign Offices, and Companies Working in the Accounting and Auditing Profession and the Period for Fulfilling the Full-Time Requirement for Omani Offices,

and in pursuance of public interest,

have decreed as follows

Article I

Licences granted to foreign accounting and auditing offices, branches of foreign offices, or companies working in this field issued before the effective date of Royal Decree 53/96 hereby continue to be valid for a maximum period ending in the year 2010. It is not permitted for such licences to be renewed after the expiry of this period except in accordance with the provisions of the mentioned Law Regulating the Accounting and Auditing Profession.

Article II

The owners of the currently licensed Omani offices must fulfil the full-time requirement stipulated in the mentioned law within a maximum period ending in the year 2010.

Article III

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 20 Dhu Al-Hijja 1424
Corresponding to: 11 February 2004

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 761 issued on 15 February 2004.