Oman has established the International Financial Centre of Oman IFC Oman through Royal Decree No. 8/2026 issued by His Majesty Sultan Haitham bin Tarik. The Centre will operate with administrative, financial, and legislative independence under a regulatory and legal framework aligned with international standards and English Common Law. Headquartered in Madinat Al Irfan, IFC Oman will be governed by a board appointed by the Sultan and supported by independent authorities responsible for regulation and dispute resolution, ensuring transparency, stability, and investor confidence.
The creation of IFC Oman supports Oman Vision 2040, aiming to diversify the national economy, attract foreign investment, and strengthen the Sultanate's position as a global financial services hub. The Centre will offer long-term incentives and tax exemptions of up to 50 years, while focusing initially on building its regulatory framework, engaging stakeholders, and launching full operations within the year. IFC Oman is expected to play a key role in boosting capital inflows, fostering innovation, and advancing Oman's economic diplomacy and financial sector development.
