Business Reforms in Oman

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Getting Credit:

Oman improved access to credit information by guaranteeing borrowers’ right to inspect their personal data.


Employing Workers:

Oman reduced the maximum number of working days per week and increased the paid annual leave applicable for employees with one year of service.


DB2012:

Positive Starting a Business:

The one-stop shop in Oman introduced online company registration and sped up the process to register a business from 7 days to 3 days.


Positive Getting Credit:

Oman improved its credit information system by launching the Bank Credit and Statistical Bureau System, which collects historical information on performing and nonperforming loans for both firms and individuals.


Positive Paying Taxes:

Oman enacted a new income tax law that redefined the scope of taxation.


DB2010:

Positive Starting a Business:

Oman simplified business start up with the introduction of online name registration and payment at the registry with a prepaid card.


Positive Paying Taxes:

A new tax law in Oman has been legislated to modernise the existing tax regime and simplify procedures.


DB2009:

Positive Starting a Business:

The operationalization of the one-stop shop and the simplification of licensing procedures has resulted in reducing the number of procedures and days significantly.


Reform Summaries


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