Muscat – This initiative aims to keep pace with new developments and foster a legislative environment that encourages and supports economic growth.

As part of the review, the Ministry has issued an open invitation to the public, businesses, and stakeholders to contribute their insights and recommendations before the deadline of May 31, 2025.
“In light of the developments in the modern business environment, the relevant authorities are seeking to review Commercial Law No. 55/90, with the aim of keeping pace with new developments and enhancing the legislative environment that supports economic growth,” stated an announcement from the Ministry.
“We invite you to contribute your ideas and comments to improve the effectiveness of the law and enhance confidence in commercial transactions,” it adds, listing the topics under consideration as follows:

• Updating the definitions and concept of ‘merchant’, including digital trade activities.
• Simplifying commercial ledger procedures and converting them to digital forms.
• Developing the provisions of sale and commercial mortgage to suit the nature of modern transactions.
• Reviewing the provisions of commercial agencies to ensure balanced protection for all parties.
• Enhancing the role of commercial papers and updating them to keep pace with current digital solutions.
The deadline for submitting feedback is May 31, 2025. Contributions can be sent via email to media@tejarah.gov.om. The current version of the law is available for review via a QR code provided by the Ministry.