Real estate ownership for expats in Oman discussed

Business Tuesday 10/May/2016 22:22 PM
By: Times News Service
Real estate ownership for expats in Oman discussed

Muscat: Majlis Al Shura’s Services and Social Development Committee discussed the real estate ownership for expatriates in the Sultanate to ensure the revision of the expatriates ownership rules of the housing units in the Sultanate, outside the integrated housing projects for the purpose of housing, and according to clear regulations to ensure their occupation of those units and not trading in them.
The committee discussed the Housing Ministry’s decision on land charges as the new charges are higher than the previous one, at its 13th regular meeting of the 1st annual sitting (2015/2016) of the 8th term, (2015 -2019), headed by Dr. Hamoud bin Ahmed Al Yahyaie, Head of the Committee.
The committee hosted some specialists from the Public Authority for Social Insurance (PASI) on the subject of amending some social insurance articles, including Article No. (18), relating to extended optional insurance protection for Omanis working abroad and Article (24) of social insurance for self-employed Omanis and their equivalent.
PASI specialists explained all aspects related to the two articles pointing out that PASI has done actuarial study, taking in account all aspects of private sector related to employees in the private sector and paying of years of service.
PASI specialists touched on the challenges faced, especially with regard to educating the public to the provisions of the social security system.