Tuesday, 3 November 2009
Foreign home buyers to get residency in Oman.
The beach at Barr al Jissah, one of the areas foreigners will be permitted to purchase properties.
Text source: Reuters 2 Nov 09
Foreign home owners in Oman will be issued residency visas on completion. Oman will issue residency visas to foreign home owners after the completion of the properties and not on registration, a government official said on Monday.
Mohammed al-Sinani, the Tourism Ministry's director general of planning and follow-up, told Reuters that foreign property buyers would get a residence visa after the title deed has been changed to their names.
His comment camed after property buyers said that developers had promised they would receive residence visas while the homes are under construction.
"Home buyers get a multiple 3-week visiting visa each time they come when their property is under construction. Then they can apply to get two-year residency after the completion," Sinani said.
Buyers are also entitled to get residency for their family and parents. The residency will be cancelled and is transferable to the new owner when the property is sold, Sinani added.
Foreigners can only buy in areas called integrated tourism complex (ITC) - the Wave, Salalah Beach Resort, Barr Al-Jissah, Yiti Resort, Muscat Hills, Blue City and Jebel Sifah.