Tuesday, April 16, 2013

Mining Law - Possible Value Addition Requirements

The Government of the Sultanate of Oman's emphasis on diversification and increased role of the non- Oil and Gas sectors in the national economy has recently led to a focus on the mining industry in the country.


Thursday, April 11, 2013

Private Sector Minimum Wage for Omani Employees Set to Rise

In a piece of important news relevant to companies doing business in the Sultanate, it was recently announced in the local press that Oman’s Council of Ministers has decided to raise the minimum wage for Omani citizens employed in the private sector.


Monday, April 8, 2013

Reserve Funds for Omani Companies

To help ensure that Omani companies maintain a solid financial position and are able to withstand shocks to their businesses, the Commercial Companies Law contemplates varies types of legal reserve funds for companies.


Tuesday, April 2, 2013

Protecting Foreign Principals in 'Three-Way' Local Distribution Arrangements

Distribution agreements and commercial agency relationships are a common legal structure for doing business in Oman. Distribution agreements are particularly useful for selling locally within Oman goods or commodities that are produced abroad by a foreign company.