Oman
On March 5, 2026, Oman announced the establishment of the Oman International Financial Centre (OIFC) through Royal Decree No. 8/2026. Located in Madinat Al Irfan, the OIFC aims to create a distinct legal and regulatory framework for financial activities, operating as a ring-fenced jurisdiction with its own regulatory structure. This initiative is part of Oman's broader economic diversification strategy under Oman Vision 2040. The OIFC will function with administrative, financial, and legislative independence, similar to regional financial free zones like the Dubai International Financial Centre. It will have its own judicial system, including a Court of First Instance and an Appellate Court, applying principles derived from English Common Law. The centre is expected to begin operations before the end of 2026. ([eversheds-sutherland.com](https://www.eversheds-sutherland.com/en/tunisia/insights/oman-international-financial-centre-march-2026?utm_source=openai))
