Oman passes regulations for household businesses


Oman`s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has issued a ministerial decision concerning income generating household businesses.

As a result, the new measures will legalise and streamline activities and protect buyers and sellers. They will ensure consumer confidence and protection within the Sultanate of Oman and abroad. The authorities in Oman have already issued 9,092 commercial licenses according to MoCIIP statistics.

Regulation No. 473/2022 stipulates household business owners must obtain a license from the ministry and follow all associated regulations. These require the license applicant to be an Omani national above the age of 18 years old who does not already have a license to practice any commercial, professional, craft or industrial activity. The license application shall be submitted to the ministry electronically accompanied by supporting documents including official identification, proof of residence and an explanation of the work to be licensed.

Moreover, the license will be issued for three years for a fee and license owners shall comply with all legislation and regulations and not assign the license to others. In addition, licensees may not place advertisements at their residence but are allowed to place a small board at the entrance.

Furthermore, it is not permitted to employ foreign manpower or store goods, equipment, machinery or dangerous materials that may cause harm to public health. The licensee is also prohibited from practicing upon expiration of their license, nor can he or she conduct business activities other than at the licensed place of work.

In case of any violations, an administrative fine of OMR 100 shall be imposed on the licensee. In such instances, the licensee may appeal the penalties to the minister within 60 days.

Business Start Up Oman has a network of subject matter experts and specialists to assist with activities throughout the lifecycle of a business in the Sultanate of Oman. The activities include Market Research & Assessment Oman, Oman Business Case, Oman Business Model Development, Feasibility Study and Business Plan Oman, Organizational & Operational Structuring Oman, Oman Sponsorship & Partnership, Company Formation Oman and many others.

Please click on the link to learn more about the opportunities and possibilities in the Sultanate of Oman as well as the initiatives of Business Start Up Oman.

Other News

News 15 - Thumb

Oman and the United Kingdom chart a shared future

Oman and the United Kingdom are consolidating an economic and military partnership in a bid to boost trade.

The UK minister for international trade, recently met with his Omani counterpart and their...

Read more
News 14 - Thumb

Oman's economic resilience testament to strategies of Vision 40

Oman’s continued strong economic performance demonstrates the Sultanates robust economic policies and strategic Vision 40 according to a...

Read more
News 13 - Thumb

Oman issues 2,700 investor residency cards issued to date

Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) have issued over 2,700 investor resident cards as part of their investor residency scheme.

The Sultanates investor residency...

Read more
News 12 - Thumb

Oman Cables launches 2nd SHE STEMS programme

Oman Cables Industry (OCI) recently unveiled the 2nd edition of the SHE STEMS programme following up on a Memorandum of Understanding (MOU) with the [Ministry of Higher Education, Research, and Innovation...

Read more
News 11 - BSUO - Thumb

Central Bank of Oman unveils fresh fintech strategy

Omans Central Bank (CBO) has released the Fintech Framework and Roadmap to support financial technology (fintech) based products and services. Fintech is one of the fastest growing financial services sectors...

Read more
News 10 - Thumb

Madayn establishes Centre for Innovation and Entrepreneurship

The Public Establishment for Industrial Estates (Madayn) and the Oman Indian Fertiliser Company (Omifco) recently signed an agreement to establish the Omifco Centre for Innovation and Entrepreneurship...

Read more
News 9 - Thumb

Salalah Free Zone records OMR 727 million of investment

Salalah Free Zone has signed five new land lease agreements worth a total investment of OMR 727 million (USD 1.88 billion) during the first half of 2023.

Furthermore, the free zone located in Dhofar...

Read more
News 8 - Thumb

Oman committed to renewable energy to meet demand

Oman is inviting procurement targetting solar and wind capacity to secure at least 30 percent of its electricity from renewable sources...

Read more

Page Break