Oman has taken a major step towards establishing itself as an international financial hub with the announcement of the core legal framework for the International Financial Centre of Oman (IFC Oman). Three Royal Decreesβ102/2026, 103/2026 and 104/2026βhave enacted the Centreβs Operating Law, Regulatory Law and Courts Law, providing the legal foundations for company registration, business licensing, financial services regulation and commercial dispute resolution. Operating under an independent framework based on common law principles, IFC Oman aims to offer international companies and investors greater legal certainty, regulatory transparency and confidence. The Regulatory Law establishes the authority responsible for supervising financial and ancillary services, while the Courts Law provides for an independent judicial system designed to deliver efficient and predictable dispute resolution. With the legislative framework now in place, the next phase will focus on completing detailed regulations, building institutional and operational capacity, and engaging with prospective international businesses. Company registration and licensing activities are expected to begin in early 2027. This development represents an important milestone in Omanβs ambition to attract global capital, strengthen its financial services sector and accelerate economic diversification in line with Oman Vision 2040.
