MUSCAT : This measure is part of the Ministry’s ongoing efforts to reduce the number of fake foreign investment license applications.

As outlined in the announcement (9/2024), this suspension specifically targets residents holding licenses for limited-skilled professions as classified by the Ministry of Labour.

However, skilled professionals currently employed in companies are still permitted to apply for foreign investment licenses, provided that they have the approval of their employer and can demonstrate financial solvency.

This move follows previous measures implemented over the past months, which included halting applications from residents with special licenses for individual professions. The Investment Services Center emphasised that these steps are intended to enhance economic activity and improve the overall investment climate and business environment in Oman.

The Ministry expressed gratitude for the community’s continued engagement and valuable feedback, highlighting the importance of public input in shaping effective policies. In cases of suspected violations related to foreign investment licenses, the Ministry encourages reporting through the official channels of the Investment Services Centre or by calling the toll-free number: 80000070.

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