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Expats invited to finance and run Omani private schools
| Published: | 4 Oct at 6 PM |
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Tagged: Visas, Health Insurance
The Oman government is to offer expats the chance to invest in the Sultanate’s private education facilities.
Foreign investors may establish new private schools under certain conditions, according to an official representative of Oman’s Ministry of Education. Regulations and management requirements, the spokesman said, have been extended and changed in order to allow foreign investment in private education facilities. The list of must-haves and must-dos seems long and complicated but, given the high charges for private education in the Gulf States, it seems profits from foreign investments may also be considerable.
The first requirement sets up a Board of Trustees, to be composed of the head of the school, two experienced educators and a representative. Given that the minimum number of persons on the board has been stated as five, the status of the fifth member is not clear.
A regularly updated website must be produced and must include all the school’s relevant information such as tuition fees, classes, service fees, student transfer fees and the school’s policy relating to pupils and their parents. Health and safety seems to be taken seriously, with an integrated fire system and security cameras covering the premises and facilities.
Licenses and investment visas will be issued to those wishing to invest in a school, with an Omani partner mandatory in order to comply with the Sultanate’s Foreign Capital Investment law. A police check will need to be carried out in order to prove the investor is reputable and has no criminal record. Personal qualifications include being over the age of 25 and fully qualified, and the investor must have the necessary financial ability to set up and operate the school.
Meanwhile in Kuwait, specialised dental treatment for expats will not be subject to the recently introduced increase in healthcare charges for foreigners living and working in the emirate. According to an announcement by Kuwait’s Assistant Undersecretary for Dental Affairs, the old KD2 fee will be collected from resident expats registered under the health insurance scheme and receiving dental treatment.
Foreign investors may establish new private schools under certain conditions, according to an official representative of Oman’s Ministry of Education. Regulations and management requirements, the spokesman said, have been extended and changed in order to allow foreign investment in private education facilities. The list of must-haves and must-dos seems long and complicated but, given the high charges for private education in the Gulf States, it seems profits from foreign investments may also be considerable.
The first requirement sets up a Board of Trustees, to be composed of the head of the school, two experienced educators and a representative. Given that the minimum number of persons on the board has been stated as five, the status of the fifth member is not clear.
A regularly updated website must be produced and must include all the school’s relevant information such as tuition fees, classes, service fees, student transfer fees and the school’s policy relating to pupils and their parents. Health and safety seems to be taken seriously, with an integrated fire system and security cameras covering the premises and facilities.
Licenses and investment visas will be issued to those wishing to invest in a school, with an Omani partner mandatory in order to comply with the Sultanate’s Foreign Capital Investment law. A police check will need to be carried out in order to prove the investor is reputable and has no criminal record. Personal qualifications include being over the age of 25 and fully qualified, and the investor must have the necessary financial ability to set up and operate the school.
Meanwhile in Kuwait, specialised dental treatment for expats will not be subject to the recently introduced increase in healthcare charges for foreigners living and working in the emirate. According to an announcement by Kuwait’s Assistant Undersecretary for Dental Affairs, the old KD2 fee will be collected from resident expats registered under the health insurance scheme and receiving dental treatment.
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