Ans. Oman companies law by the royal Decree has going to alter the ownership status of the company and convert them into small firms with the sole properiorter ship that means a new regulatory system going to establish for new form of the companies. Sole proprietor ship as the new form of company bring new and multiple changes as it show that companies are going to manufactured with the combination of two new companies. As an individual establishment, these institutions are going to exist and under new laws, the complete system of sole proprietorship is going to change as going to be single entity. New rule a dn regulations are going to implemented. With this the standards of bankruptcy also going to change according to new terms and conditions. The commercial law also alters its processes according to new requirements. And many guarantee going to included in the new commercial law that is beneficial for the new form of company and also give long term benefits to company to deal with its customers and also participate in the market. (Saber, 2019)

References of The royal Decree No.18/2019 of Omani companies Law added new forms of company, identifies such company and set out the minimum required terms and conditions to establish such kind of company?

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