Public feedback invited to modernise Oman's commercial rules
The move aims to bring regulations in line with global business practices and increase confidence in commercial transactions. The Commercial Law under review was issued via Royal Decree 55/90.
In a statement, the ministry said the initiative is intended to ensure that the law keeps pace with developments in the business environment and contributes to the sultanate's economic advancement.
Business owners, stakeholders and members of the public have until May 31, 2025 to submit comments.
Proposed changes include revising the definition of a 'merchant' to cover digital commerce, digitising procedures related to commercial ledgers, and updating regulations governing sale and mortgage transactions. Rules for commercial agencies and the use of commercial papers are also being reviewed to reflect technological developments and improve legal clarity.
MoCIIP is also looking to reform the Commercial Registry Law to simplify registration and update processes, reduce paperwork, and integrate the registry with other government platforms.
Other proposals include adjusting penalties for violations to make them proportionate and improving accuracy of records by removing outdated data.
The public can review current laws and submit suggestions via email to [email protected] before the May 31 deadline.
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