Categories
Royal Decree

Royal Decree 50/2019 Promulgating the Foreign Capital Investment Law

Arabic

We, Qaboos bin Said, the Sultan of Oman

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

the Commercial Agencies Law promulgated by Royal Decree 26/77,

the Law on Expropriation for Public Benefit promulgated by Royal Decree 64/78,

the Law on the Regulation and Promotion of Industry promulgated by Royal Decree 1/79,

the Land Law promulgated by Royal Decree 5/80,

Royal Decree 5/81 Governing the Governing Usufruct of the Lands of the Sultanate for Foreigners and Companies,

the Commercial Law promulgated by Royal Decree 55/90,

Royal Decree 57/93 Promulgating the Provisions Governing Gulf Investment,

the Foreign Capital Investment Law promulgated by Royal Decree 102/94,

the Financial Law promulgated by Royal Decree 47/98,

Royal Decree 67/2003 Applying the Unified Customs Law of the Cooperation Council for the Arab States of the Gulf,

the Law (Statute) of the Standard Industrial Organisation of the Gulf Cooperation Council for the Arab States of the Gulf promulgated by Royal Decree 61/2008,

the Income Tax Law promulgated by Royal Decree 28/2009,

the System of the Public Authority for Investment Promotion and Export Development promulgated by Royal Decree 35/2012,

Royal Decree 11/2017 Determining the Competences of the Ministry of Commerce and Industry and Approving its Organisational Structure,

and the Commercial Companies Law promulgated by Royal Decree 18/2019,

and after presentation to Majlis Oman,

and in pursuance of public interest,

have decreed as follows

Article I

The attached Foreign Capital Investment Law shall apply.

Article II

The Minister of Commerce and Industry shall issue the executive regulation of the attached law within a period not exceeding 6 (six) months from the date of its entry into force, and shall also issue the necessary decisions for the implementation of its provisions, and until they are issued, the decisions in force shall continue to operate to the degree that they do not contradict with its provisions.

Article III

The benefits, incentives, and guarantees granted to investment projects existing at the time of entry into force of the attached law shall continue until their terms expire, in accordance with the laws and agreements derived from them.

Article IV

The Foreign Capital Investment Law promulgated by Royal Decree 102/94 is hereby repealed, as well as every provision contrary to the attached law or in conflict with its provisions.

Article V

This decree shall be published in the Official Gazette, and comes into force after the lapse of 6 (six) months from the date of its publication.

Issued on: 27 Shawwal 1440
Corresponding to: 1 July 2019 

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1300 issued on 7 July 2019.


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Categories
Consolidated Regulation

The Regulation Governing Drinking Water Service (Consolidated)

ISSUED BY CONSOLIDATED UP TO
PAW Decision 6/2019 APSR Decision 4/2024

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Categories
Intel

Fatwa Summary: MJLA Fatwa 192717255

The Ministry of Justice and Legal Affairs (MJLA) deemed that the contractor had no rights under a contract it signed with the government due to the failure to comply with the requirements of Royal Decree 48/76 regarding the Signing of Foreign and Domestic Financial Transactions. The MJLA noted in its fatwa that the contractor can take legal action against individuals in their personal capacity whose actions resulted in the contractor suffering harm.


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Categories
Royal Decree

Royal Decree 39/2019 Promulgating the Implementation System for the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction

Arabic

We, Qaboos bin Said, the Sultan of Oman

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

the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction, signed in  the United Nations Headquarters on 2 February 1993, 

Royal Decree 122/94 Ratifying the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction,

the Implementation System for the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction promulgated by Royal Decree 21/97,

and the Penal Law promulgated by Royal Decree 7/2018,

and in pursuance of public interest,

have decreed as follows

Article I

The provisions of the attached system shall apply in regard to the implementation of the aforementioned Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction.

Article II

The Minister Responsible for Foreign Affairs shall issue the decisions necessary for the implementation of the provisions of the attached system.

Article III

The aforementioned Royal Decree 21/97 is hereby repealed, as well as every provision contrary to the attached system or in conflict with its provisions.

Article IV

This decree shall be published in the Official Gazette, and comes into force after the lapse of 90 (ninety) days from the date of its publication.

Issued on: 2 Ramadan 1440
Corresponding to: 8 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1292 issued on 12 May 2019.


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Categories
Royal Decree

Royal Decree 38/2019 Establishing Oman Credit and Financial Information Centre and Promulgating Its System

Arabic

We, Qaboos bin Said, the Sultan of Oman

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

and the Banking Law promulgated by Royal Decree 114/2000,

and in pursuance of public interest,

have decreed as follows

Article I

A centre named “Oman Credit and Financial Information Centre” is hereby established subordinate to the Central Bank of Oman, and it shall be governed by the provisions of the attached system.

Article II

Oman Credit and Financial Information Centre shall enjoy legal personality, as well as financial and administrative independence to undertake its work.

Article III

All assets, data, and their systems in the Banking Credit Information Statistics Directorate of the Central Bank of Oman shall be transferred to Oman Credit and Financial Information Centre.

Article IV

The board of governors of the Central Bank of Oman shall issue the regulations and decisions necessary for implementing the provisions of this decree and attached system, and until they are issued, the regulations and decisions in force in the Central Bank of Oman shall continue to operate in regard to that which is not governed by a special text in this decree and the attached system, and to the degree that they do not contradict with their provisions.

Article V

All that is contrary to this decree, and the attached system, or is in conflict with their provisions, is hereby repealed.  

Article VI

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 2 Ramadan 1440
Corresponding to: 8 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1292 issued on 12 May 2019.


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Royal Decree

Royal Decree 41/2019 Establishing the Wildlife Reserve in the Governorate of Batinah South

Arabic

We, Qaboos bin Said, the Sultan of Oman

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

and the Natural Reserves and Wildlife Conservation Law promulgated Royal Decree 6/2003,

and in pursuance of public interest,

have decreed as follows

Article I

A natural reserve named “Rustaq Wildlife Reserve in the Governorate of Batinah South” is hereby established, and the area, of which the dimensions are specified in the attached annex and map, is hereby designated to it.

Article II

The Minister of Environment and Climate Affairs shall issue the regulations and decisions for implementing this decree in coordination with the concerned ministries and bodies, provided they include the manner for managing the reserve, rules governing public entry, prescribed fees, timing of visits, permitted activities, banned activities, and appropriate administrative penalties in each case.

Article III

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 2 Ramadan 1440
Corresponding to: 8 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1292 issued on 12 May 2019.


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Categories
Royal Decree

Royal Decree 40/2019 Establishing the Western Hajar Starlight Reserve in the Governorate of Dakhiliyah

Arabic

We, Qaboos bin Said, the Sultan of Oman

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

and the Natural Reserves and Wildlife Conservation Law promulgated by Royal Decree 6/2003,

and in pursuance of public interest,

have decreed as follows

Article I

A natural reserve named “Western Hajar Starlight Reserve in the Governorate of Dakhiliyah” is hereby established, and the area, of which the dimensions are specified in the attached annex and map, is hereby designated to it.

Article II

The Minister of Environment and Climate Affairs shall issue the regulations and decisions for implementing this decree in coordination with the concerned ministries and bodies, provided they include the manner for managing the reserve, rules governing public entry, prescribed fees, timing of visits, permitted activities, banned activities, and appropriate administrative penalties in each case.

Article III

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 2 Ramadan 1440
Corresponding to: 8 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1292 issued on 12 May 2019.


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Categories
Ministerial Decision

Capital Market Authority: Decision 2/2019 Issuing the Acquisition and Takeover Regulation

Arabic

Based on the Capital Market Law promulgated by Royal Decree 80/98,

the Executive Regulation of the Capital Market Law issued by Decision 1/2009,

the approval of the Board of Directors of the Capital Market Authority,

and the approval of the Ministry of Finance,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the acquisition and takeover of the shares of a public joint stock company listed on the Muscat Securities Market.

Article II

All that is contrary to the attached regulation, or in conflict with its provisions, is hereby repealed.

Article III

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 3 Ramadan 1440
Corresponding to: 9 May 2019

Yahya bin Said bin Abdullah Al-Jabri
Chairman of the Board of Directors of the Capital Market Authority

Published in Official Gazette 1293 issued on 19 May 2019.


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Categories
Royal Decree

Royal Decree 35/2019 Promulgating the Cultural Heritage Law

Consolidated Text Arabic

We, Qaboos bin Said, the Sultan of Oman

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

the National Heritage Protection Law promulgated by Royal Decree 6/80,

and Royal Decree 40/2016 Determining the Competences of the Ministry of Heritage and Culture and Approving Its Organisational Structure,

and after presentation to Majlis Oman,

and in pursuance of public interest,

have decreed as follows

Article I

The attached Cultural Heritage Law shall apply.

Article II

The Minister of Culture and Heritage shall issue the executive regulation of this law within one year from the date of its entry into force, as well as the decisions necessary for implementing its provisions, and until they are issued, the regulations and decisions in force shall continue to operate to the degree that they do not contradict with its provisions.

Article III

The National Heritage Protection Law promulgated by Royal Decree 6/80 is hereby repealed, as well as every provision contrary to this law or in conflict with its provisions.

Article IV

This decree shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 26 Sha’ban 1440
Corresponding to: 2 May 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1291 issued on 5 May 2019.

 


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Categories
Consolidated Law

The Cultural Heritage Law (Consolidated)

ISSUED BY CONSOLIDATED UP TO
Royal Decree 35/2019 Royal Decree 41/2020

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