Law Updates

MOCIIP Issues National Product Brand Regulation

The Ministry of Commerce, Industry, and Investment Promotion issued earlier this month a regulation to govern the licensing of the national product brand that requires obtaining a licence before using the brand.

According to article 3, the brand can only be used in regard to products that achieve a minimum percentage of 20% local content. Article 8 also specifies the formula for calculating the percentage of local content by taking into account the ex-works price of the product and the value of the non-originating materials.

The licence is issued for a renewable period of 3 years. The penalties for violating the regulation include imposing a fine not exceeding 500 Rial Omani, suspending the licence for a period not exceeding 1 year, and revoking it.

You can read the regulation in full in English on the link below: