Oman introduces mandatory savings scheme for expat workers from July 2027

“Oman introduces mandatory savings scheme for expat workers from July 2027”

Dubai: Oman has introduced a mandatory savings scheme for expatriate workers, requiring employers to contribute 9 per cent of their monthly basic salaries to a government-regulated fund from July 19, 2027, in a major reform aimed at protecting end-of-service benefits and strengthening financial security. The new Provident Fund Scheme will replace the traditional end-of-service gratuity system for employment periods beginning from its implementation date, allowing foreign workers to accumulate…