Prime Highlights:
- Oman launches a 10-year Golden Residency programme to attract foreign investors and skilled professionals, offering long-term security for families.
- The programme aims to boost job creation, support knowledge transfer, and strengthen Oman’s business-friendly environment.
Key Facts:
- Investors meeting a minimum threshold of RO200,000 can qualify for renewable 10-year residency, which includes spouses, children, and first-degree relatives.
- Residency holders will enjoy benefits such as priority airport services, hiring up to three domestic workers, and the right to own property outside designated tourism areas.
Key Background:
Oman has introduced a 10-year Golden Residency programme to attract international investors and skilled workers, providing long-term security for them and their families. The initiative is part of the country’s Vision 2040 reforms to strengthen private sector growth and accelerate economic development.
The programme was announced on Sunday at the “Sustainable Business Environment” forum in Salalah, attended by Sayyid Marwan bin Turki Al Said, Governor of Dhofar, and Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion. Officials said the initiative aims to create jobs, promote knowledge sharing, and make Oman more attractive for business.
Under the new scheme, investors meeting a minimum threshold of 200,000 Omani rials (approximately $520,000) qualify for renewable decade-long residency permits. These visas are given to the spouses, children, and first-degree relatives without age or quantitative limitations.
People can become eligible for the programme in different ways, such as starting a business with at least RO200,000 in assets, buying property in tourism areas, investing in government bonds, stocks, or fixed-term bank deposits, or running a company that employs at least 50 Omani workers. Nominations under the Foreign Investment Law are also eligible.
MoCIIP highlighted that the programme ensures funds are directed into strategic sectors, reinforcing Oman’s reputation as a predictable, investor-friendly jurisdiction. Oman was ranked fourth in the world for quality of life in 2024.
To attract international investors, Oman has teamed up with Alam Al Hijrah, a government-approved consultancy with offices in more than 60 countries.
With a lowered minimum investment threshold along with benefits that are long-term, Oman is looking to rival its neighbouring states and emerge as a destination of choice among international investors.
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