By Saleh al-Shaibany
Gov't official says Sultanate will issue residency visas to foreign home owners.
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. (Reuters)
Why only 2yrs? they are not buying the property for only 2yrs? Why not have it for as long as they own/live in the country?
Why would anyone invest in a residency deal that is worthless ?
I agreed that two years is a bit short, but is definitely much longer than the ridiculous six months which Dubai is giving and is not practical.
The two year residency visa given for property owners reflects the current situation for expatriate residents living in Oman who are given a two year residency visa that is renewable. My understanding is a similar renewable situation will apply for property owners assuming they are still the owner of that property once the initial two year visa period comes to an end
Probably its 2 years â€“ cause thatâ€™s the standard Residency Visa issue period in Oman - with (one can surmise) automatic renewals after -