Secure your future with Oman's Golden Visa - the gateway to long-term residence and endless opportunities

The program, launched by the Ministry of Commerce, Industry and Investment Promotions (MOCIIP) in September 2021, aims to attract foreign investment to Oman and boost economic growth. It offers long-term renewable residence permits, known as "Golden Visas," to investors who meet certain investment criteria.

Under the program, investors can apply for a five-year residency permit by investing a minimum of OMR 250,000 in a business or real estate in Oman. Alternatively, investors can apply for a 10-year residency permit by investing a minimum of OMR 500,000 in a business or real estate in Oman.

The program is open to both individuals and businesses, and the residency permits are renewable. Golden Visa holders will have the right to reside in Oman, work and invest in the country, and sponsor their family members for residency.

In addition to the investment criteria, applicants will also need to meet certain eligibility requirements, including a clean criminal record and a valid passport.

Overall, the Investment Residency Program is expected to attract foreign investment to Oman and boost economic growth, while also providing investors with a long-term residency option in the country.

Investor visas can offer a range of benefits to investors looking to start or expand their business operations in Oman. Firstly, the visa program provides an opportunity to tap into Oman's growing economy, which has been rapidly diversifying and expanding in recent years. With a strategic location, modern infrastructure, and a skilled workforce, Oman offers attractive investment opportunities across a range of sectors, from tourism and hospitality to logistics and manufacturing.

Another significant benefit of the investor visa program is the ease of doing business in Oman. The government has implemented a range of reforms and initiatives to streamline business processes, reduce bureaucratic red tape, and attract foreign investment. As a result, Oman ranks among the top countries in the region for ease of doing business, offering investors a favorable regulatory environment and a supportive ecosystem for entrepreneurship.

Discover the treasures of Arabia in Oman

Oman is a unique and fascinating country that offers a wide range of experiences for travelers. Here are some reasons why Oman is worth exploring:

Natural Beauty: Oman boasts of some of the most spectacular landscapes in the Middle East. The country's towering mountains, vast deserts, and pristine beaches provide stunning backdrops for outdoor adventures and relaxation.

Rich Cultural Heritage: Oman has a rich cultural heritage that dates back to ancient times. Visitors can explore historic forts, traditional villages, and museums to learn about the country's history and customs.

Friendly People: Omanis are known for their hospitality and welcoming nature. Visitors can expect to be treated with warmth and kindness wherever they go in the country.

Safety and Security: Oman is considered one of the safest countries in the Middle East, with low crime rates and a stable political climate. This makes it an ideal destination for families, solo travelers, and anyone looking for a peaceful and secure holiday.

Diverse Activities: Oman offers a diverse range of activities to suit all interests and preferences. From hiking and camping in the mountains to snorkeling and diving in the clear waters of the Gulf of Oman, there is something for everyone in this country.

Overall, Oman is a beautiful and welcoming country that offers a unique blend of natural beauty, cultural heritage, and diverse experiences. Whether you are looking for adventure, relaxation, or a combination of both, Oman has something to offer.

NOMINATING INVESTMENT PARTNERS FOR RESIDENCY

Many residency-by-investment programs allow investors to nominate other investment partners to apply for residency, provided that the nominee meets the program's relevant requirements. This can be an attractive option for investors who may not meet the program's investment threshold but have trusted partners who do.

When nominating investment partners for residency, it is important to consider the program's specific requirements and guidelines. Some programs may have restrictions on the types of investment partners who are eligible, such as limiting it to family members or business associates.

Additionally, investors should ensure that their investment partners understand the program's requirements and are willing to comply with all necessary documentation and regulations. Any errors or omissions in the application process could result in delays or even rejection of the application.

It is also important to note that the investment partner's application will be evaluated on its own merits and will not receive any preferential treatment simply because they were nominated by an existing investor. The investment partner must meet all relevant criteria and pass the programs due diligence checks in order to be granted residency.

Overall, nominating investment partners for residency can be a useful option for investors who want to take advantage of residency-by-investment programs but may not meet the program's minimum investment threshold on their own. It is important to carefully consider the program's requirements and guidelines before proceeding, and to ensure that all parties involved understand and comply with the necessary regulations.

Oman's Golden Visa Initiative

The Golden Visa in oman program in Oman is a strategic initiative aimed at enhancing the investment environment in the country and attracting high-quality investments. The program seeks to attract foreign investors who can contribute to the growth of the country's GDP and national economy.

Through the Golden Visa program, Oman aims to promote integrative efforts that foster economic growth and development. The program encourages foreign investors to invest in various sectors of the economy, including real estate, tourism, manufacturing, and services, among others.

The program provides a range of benefits to foreign investors, including residency permits, tax exemptions, and other incentives. These benefits are aimed at making it easier for foreign investors to invest in Oman and contribute to the country's economic development.

By attracting high-quality investments, Oman hopes to boost its economic growth and create employment opportunities for its citizens. The program is also expected to enhance the country's competitiveness by promoting innovation, technology transfer, and knowledge exchange.

Overall, the Golden Visa program in Oman is a key initiative that reflects the country's commitment to building a robust and sustainable economy. Through this program, Oman aims to attract foreign investments that can help drive its economic growth and development, while also promoting integrative efforts and fostering a conducive investment environment.

GLOBAL TRENDS

The Omani government's decision to introduce a non-sponsored visa type reflects a broader trend of countries seeking to attract skilled workers and entrepreneurs to their economies by relaxing immigration requirements. This move is particularly significant in light of the economic impact of the COVID-19 pandemic, which has highlighted the need for countries to develop new strategies to stimulate economic growth.

By creating a non-sponsored visa type, Oman is signaling its commitment to attracting highly-skilled workers and entrepreneurs who can contribute to the country's economic development. This type of visa may be particularly attractive to investors, entrepreneurs, and professionals who wish to establish a business or work in Oman without the sponsorship of an employer.

If successful, Oman's initiative may pave the way for more flexible work permits in the future. This could further enhance Oman's attractiveness as a destination for skilled workers and entrepreneurs, potentially boosting the country's economic growth and competitiveness in the region.

While details of the visa application process are yet to be announced, prospective applicants may expect to encounter government fees, documentary requirements, and other conditions as part of the application process. It is essential to closely follow the guidelines and instructions provided by the Omani government to ensure a smooth and successful visa application process.

FINAL THOUGHTS

The introduction of the Oman Golden Visa is a positive development for foreign investors seeking residency in Oman. It offers a unique opportunity for investors to obtain a self-sponsored residence permit in Oman, which is not tied to their employment. This means that investors can enjoy greater freedom and flexibility in their stay in Oman, without the constraints of a work permit or employment contract.

One of the key advantages of the Oman Golden Visa is that it allows investors to make an investment in Oman and obtain a residence permit in return. This can be a significant benefit for investors who are looking to expand their business interests or explore new investment opportunities in Oman. Moreover, the residence permit can be extended to family members, making it a viable option for those seeking to relocate with their loved ones.

Feamish Business Solutions is a team of experienced professionals who can assist investors with their residency and citizenship by investment needs. They can help clients navigate the complex legal and regulatory requirements of obtaining a residency permit in Oman, and provide expert advice on the investment options available.

In conclusion, the Oman Golden Visa offers a unique opportunity for foreign investors to obtain a self-sponsored residency permit in Oman, which is not tied to their employment. It is a positive development that can facilitate greater business and investment opportunities in Oman, and Feamish Business Solutions is well-equipped to assist investors with their needs.