Reports suggested the zany British comic had been banned from the big night after revealing he planned to arrive in character as his latest comedy creation, but Oscar bosses insisted they simply wanted to know what he had planned before agreeing to let him walk the red carpet.
It's still not clear exactly what Cohen will do, but Oscars producer Brian Grazer appears to be more than happy to let him turn up as the bearded tyrant.
He says, "We're thrilled to have him and he'll be on the red carpet dressed as The Dictator."
Cohen previously issued a video message in character promising to punish the "Academy of Motion Picture Arts and Zionists" if Oscars officials did not issue him tickets to the show.
He has now posted an online picture of himself in character holding up his Oscars tickets, with the statement, "Victory Is Ours!... The Academy have surrendered and sent over two tickets and a parking pass! Today Oscar, tomorrow Obama!"
Cohen was invited to the Oscars as a castmember of nominated movie Hugo.