Why Invest?Among the fastest growing economies of the world, Oman is a vibrant blend of tradition and modernity. With a century's old global trading heritage, the Sultanate is well placed to take advantage of opportunities in the new global market.
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Market Report
We forecast that the property prices in Oman will rise in the next year.
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Economic OverviewThe economy of Oman is dominated by its dependence on crude oil. A joint venture called IPC drilled a number of dry holes from 1956 onwards though the logistics of doing this were extremely difficult due to lack of any transportation infrastructure.
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Visa/Residency Issues
Single-entry: Three months from date of issue, one-month stay from date of entry. Multiple-entry: one year from date of issue, for stays up to three weeks on each visit (cannot be extended). Express: two weeks (cannot be extended).Cost may vary according to nationality, but generally is as follows for tourist / business / sponsored visas: Single-entry: £12 for all EU nationals; £14 for other nationals. Multiple-entry: £20. Visitors are advised to contact the embassy.
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Getting to Oman Approximate flight time from London to Muscat is 9 hours. The main airport is Seeb International Airport around 25 km from the city's business district of Ruwi and 15 to 20 km from the main residential localities of Al-Khuwair, Madinat Al Sultan Qaboos, Shati Al-Qurm and Al-Qurm.
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Fees & Taxes
- The withholding tax is levied at a rate of 10 percent of the gross payments made.
- Personal income tax is not charged in Oman.
- Social security contributions 10.5% and 9%.
- The corporate income tax in Oman is 5.2%.
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|
| Population |
2,567,000 |
| Languages |
Arabic |
| Area |
82,010 sq mi |
| Currency |
Omani Rial |
| Dialing Code |
+968
|
| Emergency Services |
999 |
Oman OverviewThe peaceful and tranquil Sultanate of Oman occupies the south-east part of the Arabian peninsula facing on to the Indian Ocean. This geographic location has long given the sultanate a natural proclivity towards trading with the African continent, as well as serving as an entry point for visitors to Arabia.
Average Property PricesComing soon.......
Buying Process
- Non- Omanis, both natural and legal persons, can own land or constructed real estate units in what are termed integrated tourist complexes, which will be nominated in the regulations.
- The owner (developer) has an obligation to develop the land for the intended purpose within four years of ownership.
- Once the owner (developer) has developed the real estate for the intended purpose, he may dispose it off at anytime.
- A non-Omani purchaser of a real estate unit from the owner (developer), and his children, maybe granted the right to residence in Oman by virtue of ownership of the real estate unit.
- If the owner (developer) fails to develop the real estate within the stipulated time, then the relevant authority is empowered to dispose it off by selling it through public auction.
- Succession to a real estate unit from a purchaser who dies will be determined by the laws of succession of his home country.
- The law has also ratified all transactions that have already taken place in relation to non-Omani ownership prior to this law.
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