Retire in Oman
RETIRE IN OMAN Oman, the Middle East's best kept secret.....though not for long as many are now starting to discover this beautiful tranquil country. Escape the hustle and bustle and retire to the most peaceful, safe and stress free country in the Arabian Gulf. With miles upon miles of white pearl sandy beaches, the azure blue of the Indian Ocean and the most freindly and hospitable people in the whole region you will wish you had come here sooner! Contact us for more details to help realise your dream with your retirement home in Oman. |
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Looking for the Best Place in the World to Retire?
If you're a baby boomer, you owe it to yourself
to make Oman your next vacation destination. You'll be impressed with
this breathtakingly beautiful country, the friendly, hospitable people
and the sheer stress free style of living.
Mountain villages clutched against canyon walls, clusters of dates weighing heavy in the plantation oases, a ribbon of sand blown across the dunes, a lone camel padding across the limitless interior - these are the kinds of images afforded by the beautiful and enigmatic country of Oman.
In years gone by, Oman was rich with copper and frankincense, and enjoyed an extensive East African empire. Then, in the early 20th century, a deeply conservative ruler, Sultan Said, chose deliberately to isolate the country from the modern world. His son, peace-loving Sultan Qaboos, assumed the throne in 1970 and that date now marks the beginning of the widely celebrated 'Renaissance' in which the country has been returned to an age of prosperity and progression.
What makes Oman's renaissance somewhat unique in the region is that the transformation has been conducted with great sensitivity towards traditional values - there are few high-rise buildings in the capital, Muscat; the country's heritage of forts (numbering over 2,000) are meticulously restored; ancient crafts like weaving are actively supported. Moreover, traditional Arabian values, such as hospitality and practical piety, are still in evidence making Oman somewhere to experience Islamic culture at its best.
Social Security
Oman's social security system
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Oman does not have obligatory state or employer-contribution insurance schemes. |
Small populations and high gross domestic products allow the Gulf states to fund the welfare of their people without needing to impose many financial obligations upon them. (This also means that the governments avoid the high costs of administering such schemes.) Nationals are automatically provided with extensive state help, including medical care, sickness and maternity cover, child care, pensions, unemployment benefit and in some instances housing and disability benefits.
Foreign workers
have access to medical facilities, but to little else. In fact, Oman
is beginning to pressurise companies to provide medical insurance
for their employees to ease expatriate pressure on state healthcare
programmes, and private medical insurance is recommended for most
foreigners.
Pensions
There are no state pension schemes in Oman for foreign expatriates, although certain state institutions and some international companies have corporate pension schemes. If you were paying into a state pension scheme while working in your home country, you should continue to do so, even if in a reduced form, such as Class 3 contributions in the UK. These are usually one of the best investments you can make, for the continuous return they provide upon retirement. (You might also be eligible for certain benefits, e.g. the payment of medical costs, while in Oman.) Nevertheless, expatriates should take advantage of their high disposable income in Oman to set up a personal pension plan. There are many companies offering a variety of schemes, either based on lump sums or supported by regular savings.
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