MUSCAT: MA Yusuff Ali, the Chairman and Managing Director of LuLu Group International is among the first 22 expat investors to be granted long-term residency in Oman.
22 expat investors of different nationalities received Oman’s first long-term residency card on Wednesday from His Excellency Qais Bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.
The Ministry of Commerce, Industry and Investment Promotions on Wednesday revealed the details of obtaining long-term residency for expat investors in Oman.
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The duration of the long-term residency is for 10 and five years subject to extension according to clear controls and procedures. Starting from October 3, expat investors can submit applications through the portal of the Ministry to obtain long term residency.
