Golden Visa in Oman

The Golden Visa program is a relatively new initiative that has been introduced in Oman to attract foreign investment and talent to the country. The program offers long-term residency visas to individuals who meet certain investment and employment criteria, providing them with an opportunity to live and work in Oman for an extended period of time. To be eligible for a Golden Visa in Oman, applicants must meet one of the following investment criteria: Invest at least OMR 300,000 (approximately USD 780,000) in a new or existing Omani business, or Invest at least OMR 150,000 (approximately USD 390,000) in an Omani real estate property, or Invest at least OMR 50,000 (approximately USD 130,000) in an Omani bank deposit, shares, or bonds. In addition to meeting the investment criteria, applicants must also meet certain employment criteria. They must have a valid job offer in Oman, or they must be self-employed and have a business plan approved by the Ministry of Commerce and Industry. Once approved for a Golden Visa, applicants will receive a two-year residency visa that can be renewed indefinitely, provided they continue to meet the investment and employment criteria. The visa also allows holders to bring their families to Oman, including their spouse and children under the age of 21. One of the key benefits of the Golden Visa program in Oman is that it provides a pathway to citizenship. After living in Oman for 20 years, Golden Visa holders can apply for citizenship, making it a long-term solution for those who wish to establish themselves in the country. The Golden Visa program is part of Oman's broader efforts to diversify its economy and reduce its reliance on oil revenues. By attracting foreign investment and talent, the program is expected to create new business opportunities and contribute to Oman's economic growth. In conclusion, the Golden Visa program in Oman offers a unique opportunity for foreign investors and skilled workers to establish themselves in the country and contribute to its economic development. By meeting the investment and employment criteria, applicants can enjoy long-term residency in Oman and potentially even apply for citizenship after 20 years of living in the country.