Oman’s Golden Visa grants long-term residency through investments in real estate, businesses, bonds, or job creation, promoting economic growth/Representative Image
Oman’s newly launched Golden Visa program offers a groundbreaking opportunity for investors to gain long-term residency while fueling the country’s economic diversification. With multiple investment pathways and clear eligibility criteria, Oman has designed a flexible framework to welcome a broad spectrum of investors aligned with its Vision 2040 ambitions.
Multiple investment routes tailored for diverse investors
The Oman Golden Visa program requires a minimum investment or net worth of OMR 200,000 (approx. USD 520,000), but what sets it apart is the variety of qualifying investment options. Investors can choose one or combine several channels to meet eligibility:
- Real Estate Acquisition: Purchase property either within or outside designated Integrated Tourism Complexes (ITCs), with rights to transfer ownership.
- Company Establishment or Expansion: Investors may form or invest in companies with audited capital shares, including foreign-owned entities with at least OMR 200,000 in registered capital. Nominations can extend to partners or senior executives.
- Government Bonds: Holding bonds for a minimum of two years qualifies as an investment route, providing a secure and stable option.
- Fixed Bank Deposits: Deposits locked for no less than five years in Omani banks also meet eligibility.
- Stock and Securities Portfolios: Investment in the capital markets is recognized as a valid path.
- Employment Generation: Establishing or expanding businesses that create at least 50 jobs for Omani nationals supports the country’s goal of boosting employment.
This variety allows investors of differing risk appetites and sectors to participate, encouraging broader foreign capital inflow.Applicants must meet these additional criteria:
- Be at least 21 years old
- Maintain a clean criminal record
- Hold valid health insurance
- Have a minimum net worth of OMR 200,000
Applications are processed through Migrate World, the official platform authorized by Oman’s Ministry of Commerce, Industry, and Investment Promotion, ensuring a transparent and efficient system.
Tiered residency options and family benefits enhance appeal
Oman offers two main tiers under the Golden Visa program to cater to different investment levels:
- Tier One (10-year residency): Requires investments of OMR 500,000 (approx. USD 1.3 million) in companies, government bonds, or real estate, or the creation of at least 50 Omani jobs. The visa fee is 551 OMR (approx. USD 1,430).
- Tier Two (5-year residency): For investments of OMR 250,000 (approx. USD 650,000) in the same categories, costing 326 OMR (approx. USD 845).
Retirement residency is also available for expatriates with a monthly fixed income of OMR 4,000 (approx. USD 10,400). The program goes beyond investors by extending residency rights to first-degree family members without restrictions on age or number. Visa holders can also employ up to three domestic workers and sponsor temporary visitors, such as friends and relatives. Moreover, they receive expedited services at airports and border crossings, enhancing convenience.This comprehensive approach ensures that the Golden Visa is not only a financial investment but also a long-term lifestyle and business opportunity for families.
