Oman Establishes Legal Framework for New International Financial Centre

The International Financial Centre of Oman (IFC Oman) has established its core legal foundation following the issuance of three Royal Decrees: 102/2026, 103/2026 and 104/2026. These decrees introduce the centre's Operating Law, Regulatory Law and Courts Law, creating a framework for company registration, financial services and commercial dispute resolution. The new legislation is designed to provide a clear and reliable business environment for international companies and investors. It also gives the centre's authorities the power to introduce detailed regulations and rules for its operations.

Three Laws Set Out the Centre's Legal Structure

The Operating Law establishes procedures for companies seeking to operate within IFC Oman, including registration, licensing and compliance requirements. It also provides for an independent Registrar responsible for maintaining public records and overseeing registered entities. The Regulatory Law defines the responsibilities of the centre's Regulatory Authority in supervising financial and related services. Its framework aims to strengthen transparency, financial stability, market confidence and investor protection as businesses begin operating.

Independent Courts to Support Business Disputes

The Courts Law establishes an independent judicial system to handle commercial disputes within the financial centre. The system will operate on common law principles and aims to provide efficient procedures, consistency and legal certainty for companies and investors. According to Mulham Basheer Al Jarf, Chairman of the Board of Directors of the IFC Oman Regulatory Authority, the new laws represent an important milestone in developing the centre. He said the framework would help build confidence among international businesses and investors.

IFC Oman Targets Licensing in Early 2027

With the main legislative framework now in place, the centre will focus on completing its detailed regulations, institutional arrangements and operational preparations. It will also engage with companies interested in establishing a presence in Oman. The next stage is expected to enable company registration and the issuance of business licences in early 2027. The initiative is intended to strengthen Oman's position as an international business and financial destination while supporting investment and economic development.