Muscat: The International Financial Centre of Oman (IFC Oman) will be based in Madinat al Irfan, with the possibility of expansion to other locations as permitted by law.
The establishment of IFC Oman, issued by Royal Decree No 8/2026, goes in line with the strategic directions of the Sultanate of Oman aimed at diversifying the national economy and enhancing its position as a global center for financial services, attracting capital, and supporting innovation.
The establishment of this center also embodies the Sultanate of Oman’s commitment to building a reliable and effective system for providing advanced financial services that meet the needs of investors and global institutions.
Administrative and legislative Autonomy
Under the Law of the International Financial Centre of Oman, issued by Royal Decree No. (8/2026), The Centre shall have administrative, financial, and legislative independence. It will develop a regulatory, legal, and judicial framework aligned with international standards and based on English Common Law.
The governance of the Centre shall be overseen by the IFC Oman Board, to be appointed by His Majesty the Sultan, vested with the authority to supervise the Centre in achieving its objectives. In addition, three independent entities shall operate in accordance with the provisions of the law: the International Financial Centre of Oman Authority, the International Financial Centre of Oman Regulator, and the International Financial Centre of Oman Dispute Resolution Authority, each exercising its respective mandates independently.
Tax exemption
The Centre will be headquartered in Madinat Al Irfan, with the possibility of expansion to other locations, according to the law. It will seek to attract investments linked to financial activities and supporting sectors through a package of incentives and tax exemptions for a period of up to 50 years.
The Centre will focus on developing the legislative and regulatory frameworks, engaging relevant stakeholders, targeting companies and legal experts, as well as establishing the necessary operational frameworks to launch the Centre’s activities and commence full operations during the current year.
Abdul Salam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority (OIA) and member of the Supervisory Committee for the establishment of the IFC Oman project, said, “The establishment of the center is the culmination of efforts made to achieve financial stability and economic diversification, and reflects the supreme keenness of His Majesty Sultan Haitham bin Tariq al Said to create an attractive investment environment that enhances the position of the Sultanate of Oman as a leading financial center characterized by stability, integrity and efficiency.”
Mahmoud bin Abdullah al Awaini, Chairman of the Executive Committee for the establishment of the IFC Oman, said, "
Following the significant achievements in the financial sector and the tangible improvement in the Sultanate of Oman’s credit rating, the establishment of the International Financial Centre of Oman comes as a continuation of the on-going efforts in financial sector development, and contributes to achieving Oman Vision 2040 objectives through economic diversification, investment attraction, and fostering global partnerships."
IFC Oman brings together a compelling set of competitive advantages that reinforce its role as a premier destination for companies and investors, which offers competitive costs, high responsiveness, and regulatory agility for establishing businesses, and reliable services that enable access to global markets.
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