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Oman’s Golden Residency Launch: What It Means for Foreign Investors and Business Growth Opportunities

Oman’s Golden Residency Launch: What It Means for Foreign Investors and Business Growth Opportunities

The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) is set to unveil several initiatives aimed at enhancing investment opportunities in Oman. The launch event will take place on Sunday at Salalah Resort in Dhofar Governorate, under the patronage of His Highness Sayyid Marwan bin Turki al Said, Governor of Dhofar.

Among the key programs to be introduced is the Golden Residency Card for Investors, designed for foreign investors who meet specific investment criteria. This initiative seeks to elevate Oman’s attractiveness to international investors by streamlining residency and investment procedures.

Currently, Oman offers two Investment Residency Programs, which allow investors to obtain residency through real estate purchases, commercial investments, or long-term bank deposits, with renewable terms of five or ten years, depending on eligibility.

Tier One Residency Requirements:

  • Investment of at least RO500,000 in a limited liability company, public joint-stock company, or government bonds.
  • Purchase of property valued at a minimum of RO500,000 in Oman.
  • Establishment of a company employing a minimum of 50 Omani nationals (company capital is not specified).
  • The residency permit is valid for 10 years, with the possibility of extension. The fee for this permit is RO551.

Tier Two Residency Requirements:

  • Investment of at least RO250,000 in a limited liability company or public joint-stock company.
  • Purchase of property valued at a minimum of RO250,000 in Oman.
  • Expatriate workers residing in Oman who wish to retire in the Sultanate may qualify by providing proof of a fixed monthly income of no less than RO4,000.
  • The residency permit is valid for 5 years, also subject to extension. The fee for this permit is RO326.

In addition to these residency programs, MOCIIP will launch the Companies Initiative, the ownership transfer service via the Oman Business Platform, and the signing of cooperation agreements within the construction sector.

The Omani government emphasizes its commitment to creating a politically and economically stable environment that fosters investor confidence. Long-term strategies focused on economic diversification, attracting foreign investment, crisis management, and legislation offering workplace incentives form the backbone of this approach.

Among the attractive benefits for investors are tax exemptions and the establishment of economic free zones, which further support Oman’s investment climate.


Special Analysis by Omanet | Navigate Oman’s Market

Oman’s introduction of the Golden Residency and streamlined investment initiatives signals a strategic push to attract sustained foreign investment and economic diversification. For businesses, this presents opportunities to capitalize on eased residency and ownership regulations, especially in sectors tied to government cooperation programs like construction. Smart investors should consider leveraging these incentives and tax exemptions to establish a long-term presence while navigating the evolving regulatory landscape for optimal growth.

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