Oman has recently launched a 10 -year Golden Residency program, aimed at attracting foreign investors and skilled professionals. The scheme is part of Oman’s Vision 2040 improvement scheme and its goal is to promote private sector, create new employment opportunities and exchange knowledge. It was announced at the ‘Sustainable Business Environment’ Forum held in Salalah.
Under this scheme, if an investor invests at least 200,000 Omani Rial (about 5.2 lakh US dollars), he and his family (spouse, children and close relatives) will get a 10 -year renewed residency permit. There will be no limit to the age or number of relatives.
Golden Residency will be given in two levels
Tier-1 Visa (for 10 years): For this, investment of at least 500,000 riyal is necessary. This investment can be bought by purchasing Limited Liability Company, Public Joint-Stock Company, Government Bond, or 500,000 riyal property. Another option is that investors start a company in which at least 50 Omani citizens work. The visa fee is 551 riyal and can be carried forward.
Tier-2 Visa (for 5 years): For this, investment of at least 250,000 riyals is necessary. This investment can be bought by purchasing Limited Liability Company, Public Joint-Stock Company, or 250,000 riyal property. The fees of this visa are 326 riyals and will be valid for 5 years.
Apart from this, foreign nationals who are already living in Oman and want to retire there can also take long -term residency. For this, they have to prove that their monthly income is at least 4,000 Omani Real.
There are some other conditions. The applicant should be at least 21 years of age, he should have legitimate health insurance and cannot directly claim Omani citizenship from this visa (except rules except).
This new Golden Residency program is for those who want long stability, investment opportunities and safe future in Oman.
