Oman requires foreign consultancy companies seeking to form an engineering consultancy in Oman to have at least ten years of experience in engineering consulting projects. This condition can pose difficulties for newer engineering consultancy companies, particularly those in cutting-edge sub-fields of engineering where length or experience is unavailable, and expertise is in any case more crucial.
The Capital Market Authority (CMA) is the government entity that supervises the operations of the capital market and insurance sector in Oman. The CMA allows audit firms to carry out three services for their audit clients: audit-related services, taxation advisory services, and investigation of matters arriving from auditor findings or observations. In August 2021, the Ministry of Commerce, Industry and Investment Promotion (MOCIIP) committee issued a ministerial decision to form a committee to oversee the processing of registering accountants and auditors in Oman.