Oman is rolling out the welcome mat for global investors with the launch of its new Golden Residency visa programme, a strategic move aimed at strengthening the country’s investment appeal and creating a more business-friendly environment.
Announced on August 31 by the Ministry of Commerce, Industry and Investment Promotion, the scheme is designed to position Oman as a leading destination for international capital and talent. Mubarak bin Mohammed Al-Douhani, Director General of Planning at the ministry, described the programme as a step toward building a “stable and dynamic business climate” with opportunities for sustainable growth.
Beyond the Golden Visa
In tandem with the residency scheme, Oman is introducing two complementary initiatives: the ‘Majid Companies’ programme and a new electronic authentication service for transferring commercial registration ownership. Both will be available through the Invest Oman digital platform, streamlining the process for entrepreneurs and investors.
What the Golden Residency Offers
The Golden Residency visa provides two tiers of residency either five or ten years depending on the scale of investment. Applications are managed exclusively through the Invest Oman online portal.
Tier 1 Residency (10 years):
- Investment of at least 500,000 Omani riyals in a company or government bonds
- Property purchase worth 500,000 OMR or more
- Or establishing a company that employs at least 50 Omani nationals, with no required capital threshold
- Residency card fee: 551 OMR
Tier 2 Residency (5 years):
- Investment starting at 250,000 OMR in a company
- Property purchase of 250,000 OMR or above
- Option for expatriates retiring in Oman, provided they show a fixed monthly income of at least 4,000 OMR
- Residency card fee: 326 OMR
Gateway for Long-Term Partnerships
By extending attractive residency benefits to high-capital investors, property buyers, and even long-term expatriate residents, Oman is signalling its commitment to forging lasting economic partnerships. The initiative not only strengthens the sultanate’s efforts to diversify beyond oil but also reinforces its ambition to become a hub for regional and global business activity.