Oman's International Financial Center is nearing its launch as progress hastens on its legal structure, set of regulations, and registry system.
The Center is dedicated to finalizing the legal structure that will support IFC Oman, offering businesses and investors the clarity, certainty, and confidence needed to set up operations in the Sultanate of Oman.
A set of regulations establishing the basis for business registration and licensing, financial services oversight, and a framework for independent dispute resolution will be launched soon.
Mahmood Al Aweini, the Chair of the IFC Oman Authority Board, says, “IFC Oman is accelerating towards opening its doors, with its legal, regulatory and digital infrastructure moving into place”.
“The Center will offer global businesses and investors a stable and competitive place to do business, harnessing Oman’s enduring connections with countries around the world and its strategic location at the crossroads of continents, to unlock new opportunities for growth and create lasting value for Oman”.
IFC Oman has been increasing its global outreach to connect with potential businesses, investors, and professional service firms worldwide. In September, it gained approval as a member of the World Alliance of International Financial Centers during the organization's annual meeting in Busan.
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After a successful participation in the Hong Kong Belt and Road Summit and Astana Finance Days, a team from IFC Oman will head to Bangkok next week for discussions with global financial services companies during the IMF and World Bank meetings, as well as the annual gathering of Institute of International Finance members. Subsequent meetings with potential companies in London will take place later in October.
IFC Oman will offer a specialized business setting where financial institutions, investors, and professional service companies can function within a transparent, common-law framework, backed by streamlined registration, licensing, and conflict resolution.
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It will link global capital and expertise with opportunities in Oman and the broader region, aiding Oman Vision 2040 by boosting private investment, facilitating economic diversification, and generating job opportunities. IFC Oman plans to begin company registrations later this year before fully launching licensing operations in 2027.
IFC Oman has been increasing its global presence to connect with potential businesses, investors, and professional service firms worldwide. In September, it gained approval as a member of the World Alliance of International Financial Centers during the organization's annual meeting held in Busan.
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After a successful participation in the Hong Kong Belt and Road Summit and Astana Finance Days, a team from IFC Oman will head to Bangkok next week for discussions with international financial services companies alongside the IMF and World Bank meetings and the yearly gathering of the Institute of International Finance members. Subsequent meetings will take place with potential companies in London later in October.
IFC Oman will offer a specialized business setting where financial institutions, investors, and professional services companies can function under a transparent, common-law structure, backed by effective registration, licensing, and dispute resolution. It will link global capital and skills with prospects in Oman and the broader region, aiding Oman Vision 2040 through enhanced private investment, facilitating economic diversification, and generating job opportunities. IFC Oman plans to begin company registrations later this year before fully launching its licensing operations in 2027.—TradeArabia News Service.