Muscat - the city between the sea and the mountains. Part 2
It's nice to drive along Muscat's perfect roads between the cliffs, then turn toward the sea and find a deserted beach with a secluded cafe. Mounted police walk along the shore, waving to tourists in a friendly manner.
Locals enjoy relaxing on the beach, spread out on folding chairs with a cup of coffee. Reminiscent of Morocco, Portugal and Spain in places. But with a more pleasant investment climate.
Get all the income
There is no income tax in Oman. You only need to pay a one-time 5% VAT on your purchase, which is not paid on subsequent resales.
Moreover - here they issue a resident visa for 2 years when buying real estate for any amount. And it does not matter - you buy commercial or residential. 5-year visa is issued for purchases from $650,000, 10-year - from $1,300,000,
Invest with Whitewill
The city is on the rise, roughly like Dubai in 2007. Authorities have made it easier to obtain a residence permit, eased the tax burden, set aside areas for foreigners to buy property outright and refreshed legislation to attract capital, business and investment.
Muscat has huge potential to become a new tourist hotspot on the Arab peninsula. And the authorities are actively building luxury hotels and new Oceanfront Residential Complexes.
And that's why we have opened an office in Muscat, to make you feel comfortable shopping with knowledgeable and experienced local brokers.