Oman Archives - Page 32 of 32 - LexisNexis Middle East

Oman: Professional Visa Bans Extended

27/12/201711/12/2019
by Benjamin Filaferro

Oman’s Manpower Ministry has extended the professional visa ban for expatriates in various sectors for an additional six months. The relevant Decisions were issued on 21 November and apply to construction workers, cleaners, sales and marketing professionals. However the ban does not apply to visa renewals for these workers, companies registered excellent or of international grade, consultancies or those implementing Government projects. Companies managed full-time by their owners, registered with Riyada and insured with the Public Authority for Social Insurance will also not be affected. The ban first came into force in November 2013. The ban on sales and marketing professionals comes into force on 30 November whilst the ban for cleaning and construction workers comes into force on 1 December. The ban on carpenters, metallurgists, blacksmiths and brick kiln workers comes into force on 1 January 2018

Expired Oman Legal Apprentice Program

07/12/201711/12/2019
by Benjamin Filaferro

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2017 Legal Apprentice Program
24/12/2017 - 28/12/2017
9:00 AM - 5:00 PM

LexisNexis and Law & Life hold the 2nd edition of the legal apprentice program in the Middle East: a unique program for legal professionals, law graduates and senior students. Register Here The program objectives are: To give an update on the latest legal developments in Middle East To give an update on International best practices (more…)

Expired Oman Business Law Forum 2017

30/10/201711/12/2019
by Benjamin Filaferro

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Oman Business Law Forum
23/11/2017
8:30 AM - 2:30 PM
Hotel Add-on
23/11/2017 - 25/11/2017
3:00 PM - 11:30 AM

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1st Edition in Oman! – 23 NOVEMBER 2017 Register Here LexisNexis, the world leading global provider of legal information, is pleased to host, with the support of the Association of Corporate Counsel Middle East, the Omani British Lawyers Association and the Omani Lawyers Association, its first legal event for the legal community in Oman. Thanks to this conference, (more…)

Weekly Spotlight

Weekly Spotlight: Oman has joined the Organisation of Economic Development’s Base Erosion and Profit Shifting framework

29/10/201711/12/2019
by Benjamin Filaferro

This week the spotlight is on tax developments in Oman, where the country has joined the Organisation of Economic Development’s Base Erosion and Profit Shifting framework. It aims to curtail multinational group tax avoidance and improve the resolution of tax disputes between countries. By joining it, Oman has agreed to adopt minimum standards developed in 2015 by the Organisation and G20 nations. The country will now have to adopt provisions to prevent tax treaty ‘shopping’, implement country-by-country reporting on multinationals and exchange country-by-country reports. It will also have to limit the benefits of any intellectual property or other preferential tax regimes established in Oman and will need to fully implement the mutual agreement procedures in its tax treaties with other countries to aid resolution of tax disputes. The Sultanate becomes the 103rd country to join the framework.

Elsewhere, the country’s Health Ministry has announced it is considering introducing a junk food tax following concerns over obesity and other related health issues in the country. It comes as Oman amongst the other GCC countries work towards implementing an excise tax on energy and fizzy drinks as well as tobacco. Ministry officials said the tax could see junk food prices increased from 100 or 200bz to 500bz.

News developments

Oman: Decision issued to halve the minimum wage requirement for expatriate workers

07/10/201711/12/2019
by Benjamin Filaferro

According to local newspaper reports, Oman’s Shoura Council has issued a Decision halving the minimum wage requirement for expatriate workers who are looking to bring their family to the Sultanate with them. The wage requirement has been cut from 600 to 300 Rials. The change comes as the country looks to diversify its economy through its Tanfeedh programme.

Legislation

Read Oman Official Gazette, issues 1209, 1210 promulgating the Regulation organising maritime pilot licenses

25/09/201711/12/2019
by Benjamin Filaferro

Oman Official Gazette, issues 1209, 1210 contain various public and private pieces of legislation including Oman Ministerial Decision No. 138/2017 promulgating the Regulation organising maritime pilot licenses.

Read the gazette here:

http://www.lexismiddleeast.com/doc/4F4753554C4F313231305F32303137

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