The Ministry of Commerce, Industry and Investment Promotion has announced the suspension of foreign investment licence applications for expats with limited skills. However, skilled professionals working in companies are still allowed to apply, provided they meet the necessary conditions.
The move comes to reduce the number of fake foreign investment licence applications.
“As part of the measures taken by the Investment Services Centre to address fake foreign investment licence applications, and in continuation of the steps taken in recent months regarding the suspension of licences for residents with special individual licences, the Centre announces the suspension of licence applications for expats with limited-skilled professions, as stipulated in the Ministry of Labour’s classification for private sector establishments. Skilled professionals working in companies may still apply for a licence, subject to approval from the company owner and proof of the applicant’s financial solvency,” the ministry said in a statement.
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.
