
Oman has launched a new ‘Golden Residency’ visa programme to attract foreign investors and create a more investor-friendly business environment. Announced on August 31 by the Ministry of Commerce, Industry and Investment Promotion, the initiative aims to reinforce Oman’s status as a prime destination for global investment.
Mubarak bin Mohammed Al-Douhani, Director General of Planning at the ministry, highlighted that the programme is designed to provide a stable and dynamic business climate with high-quality, long-term growth opportunities for investors.
In addition to the Golden Residency scheme, Oman will introduce the ‘Majid Companies’ initiative and an electronic authentication service for transferring commercial registration ownership through the ‘Invest Oman’ platform, according to Oman's News Agency.
Key Features of Oman’s Golden Visa:
The programme offers two investment residency options based on real estate, commercial investments, and long-term bank deposits, valid for five or ten years and renewable, pending applicants meet specific criteria. Applications are processed through the ‘Invest Oman’ online portal.
- Tier 1:
Investment of at least 500,000 Omani riyals in a limited liability company, public joint-stock company, or government bonds - Or purchase property in Oman worth at least 500,000 OMR
- Or establish a company employing a minimum of 50 Omani nationals (no minimum capital required)
This tier grants a 10-year renewable residency permit. The fee for the residency card is 551 OMR.
Tier 2:
- Investment of at least 250,000 OMR in a limited liability company or public joint-stock company
- Or purchase property in Oman valued at 250,000 OMR or more
Additionally, expatriate workers currently living in Oman who wish to retire may apply for an Extended
Residence permit by demonstrating a fixed monthly income of at least 4,000 OMR.
The Tier 2 permit is valid for five years and renewable. The residency card fee is 326 OMR.
This new visa programme reflects Oman’s commitment to fostering a robust investment climate and encouraging long-term economic partnerships.