According to the new Minister of Oman, all foreign employees and companies must be appointed at least one Omani citizen in one year.
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Muscat: Commerce, Industry, an investment of investment promotion, commercial, industry and investment encouragement in a year, commercial activities in Oman, commercial activities will be employed in one year. The ministry suggested the amendment of certain conditions in Executive Regulations in foreign capital investment law.
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According to the new Minister of Oman, all foreign employees and companies must be appointed at least one Omani citizen in one year. The theme of the theme of the Omani employee who hires the Omani employee should be registered in the social protection fund and to pay the reconciliation rate specified.
While the theme comes into effect, any foreign investment company that runs a year or more and a commercial investment company should arrange their current status in six months. The demand is unable to implement the demand for commercial registration renewal, work permit issue or work permit renewal. The theme will be effective from the Official Gazette, commercial, industry and investment promotional minister informed.
The transactions of foreign investor companies will prevent transactions of foreign investor companies that violate the orders and do not hire. If the companies need time to get their things right. The Ministry of Commerce, Industry, an investment promise promoting is the key steps if they were not resolved after this. The ministry was already warned of it. It was hired by Omani and executed many foreign capital companies.
Content Highlights: Oman`s Ministry of Commerce requires foreign-owned businesses to hire at least one Omani citizen within a year of commencing operations. New regulations aim to boost national employment.
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