Oman has introduced a ‘Golden Residency’ visa program to attract foreign investors and enhance its business environment.
Launched on August 31 by the Ministry of Commerce, Industry, and Investment Promotion, this initiative aims to strengthen Oman’s status as a premier global investment hub.
Mubarak bin Mohammed Al-Douhani, Director General of Planning at the Ministry, stated that the program offers investors a stable and dynamic business setting with high-quality growth opportunities.
Stay updated with the latest news. Follow KT on WhatsApp Channels.
Additionally, Oman plans to launch the ‘Majid Companies’ initiative and an electronic service for commercial registration transfer through the ‘Invest Oman’ platform, according to Oman’s News Agency.
Oman’s Golden Visa
Oman provides two Investment Residency Options through real estate, commercial investments, and bank deposits, available as renewable five and ten-year programs, subject to specific criteria.
Applications for long-term residency can be submitted via the ‘Invest Oman’ online platform.
The program has two tiers:
Tier 1
Investors can qualify for Tier 1 by:
-
Investing at least RO500,000 in a limited liability company, public joint-stock company, or government bonds
-
Purchasing property worth at least 500,000 Omani riyals
-
Starting a company employing a minimum of 50 Omani nationals, with no capital requirement
The Tier 1 Residency permit is valid for 10 years, extendable, with a card fee of 551 Omani riyals.
Tier 2
For Tier 2, investors must:
-
Invest a minimum of 250,000 Omani riyals in a limited liability or public joint-stock company
-
Or buy property in Oman worth at least 250,000 Omani riyals
Expatriate workers in Oman wishing to retire can obtain an Extended Residence permit by showing a fixed income of no less than 4000 Omani Riyals monthly.
The Tier 2 Residency permit is valid for 5 years, extendable, with a card fee of 326 Omani riyals.
