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New Residency & Labor Regulations in Oman

Oman has introduced significant changes to its labor and residency policies aimed at increasing local employment and regulating expatriate hiring. 📌 Key Updates Effective April 2024: Foreign-owned companies must employ at least one Omani national within their first year of operation. The Ministry of Labor has banned 32 additional job titles from being held by…

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Opening a Business Bank Account in Oman

Once your company is registered, the next step is opening a corporate bank account. Omani banks like Bank Muscat, National Bank of Oman, and international options like HSBC offer a range of services. 📑 Commonly required documents include: Trade license (CR) Notarized Articles of Association List of authorized signatories Passports and visas of directors Office…

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