Content Types: ArticleRegions & Countries: United Arab EmiratesBahrain...Industries: Banking & FinanceMedical & Health...
The COVID-19 pandemic has catalysed diversification throughout the GCC on an unprecedented scale. This is an extremely welcome development. Indeed, COVID-19 has exposed the region’s digital laggards, prompting governments to place digitalisation at the core of their national strategies as a means of survival.
Content Types: ArticleRegions & Countries: United Arab EmiratesBahrain...Industries: Commodities & Trade Services: TaxLegal
The KSA Zakat, Tax and Customs Authority has on 2 July 2021 issued an immediately effective new decision No. 3852 (the “Decision”) setting new customs regulations. The Decision relates to GCC countries only.
Content Types: ArticleRegions & Countries: OmanServices: Legal
Oman’s Ministry of Commerce, Industry and Investment Promotion has issued Ministerial Resolution Number 18 of 2021, the executive regulations of the Law on Protection of Competition and Prevention of Monopoly (‘Regulations’) that supplement Royal Decree Number 67 of 2014 (‘Competition Law’). The Regulations, which took effect on 25 January 2020, clarify the interpretation of the Competition Law of Oman.
Content Types: ArticleRegions & Countries: United Arab EmiratesBahrain...Services: TaxLegal
Following the issuance of Royal Decree No. 121/2020, Oman published its new VAT Law in the Official Gazette on 18 October 2020 (“Oman VAT Law”). VAT will be imposed in Oman at the standard rate of 5% in accordance with the unified GCC VAT Agreement effective from 16 April 2021, making Oman the fourth GCC country to implement VAT after the United Arab Emirates (“UAE”), Kingdom of Saudi Arabia (“KSA”) and Bahrain.
Content Types: ArticleRegions & Countries: ArmeniaBosnia & Herzegovina...Industries: Medical & HealthServices: Employment & Immigration
Starting from July 9 and at least until July 14, entry into Italy from one of the following countries is absolutely not allowed: Armenia, Bahrain, Bangladesh, Brazil, Bosnia and Herzegovina, Chile, Kuwait, North Macedonia, Moldova, Oman, Panama, Peru, Dominican Republic. Individuals who have travelled or stayed in one of these countries in the 14 days preceding the intended entry date in Italy are banned from entering the country.
Content Types: ArticleRegions & Countries: OmanServices: LegalInvestment Promotion
The key structural highlight of the FCIL is the recognition that foreign investors may wholly own investment projects in Oman. An investment project is defined as “an economic activity established by a foreign investor, whether individually or together with an Omani partner”.
Content Types: ArticleRegions & Countries: EgyptOman...Industries: Banking & FinanceServices: Legal
In this final update in the series, we look at legal and regulatory developments in Egypt, the Kingdom of Bahrain, the Kingdom of Saudi Arabia and Sultanate of Oman.
Content Types: NewsletterRegions & Countries: CanadaChina...Industries: Minerals & ResourcesClean Energy...
M&A Report (January 2020)
Content Types: NewsletterRegions & Countries: CanadaSpain...Industries: Minerals & ResourcesClean Energy...
Top 5 Announced China Outbound Deals
Content Types: ArticleRegions & Countries: OmanServices: TaxLegal
Excise tax will be implemented in Oman with effect from 15 June 2019 in accordance with the unified GCC Excise Tax Agreement, making Oman the fifth GCC country to implement excise tax. The implementation of excise tax in Oman follows the issuance of the Royal Decree 23 of 2019 (“the Excise Tax Law “) on 13 March 2019 and the subsequent publication of the Excise Tax Law on 17 March 2019.