Daijiworld Media Network - Muscat
Muscat, Sep 3: Oman has unveiled its Golden Visa program, a forward-thinking initiative designed to attract global investors and support the nation's Vision 2040 economic diversification goals. With a variety of investment pathways, clear eligibility criteria, and tiered residency benefits, the program offers both financial and lifestyle incentives to individuals and families looking to establish long-term roots in the Sultanate.
With a minimum investment or net worth of OMR 200,000 (approx. USD 520,000), the Golden Visa provides multiple avenues for eligibility—appealing to a wide range of investors based on sector, risk preference, and strategic interest. Investors can choose to purchase real estate in or outside Integrated Tourism Complexes (ITCs), with full ownership rights. Another route is through the establishment or expansion of businesses with registered capital of at least OMR 200,000, allowing for nomination of business partners or senior executives.
For those seeking lower-risk options, investments in government bonds held for a minimum of two years or fixed bank deposits maintained for at least five years in Omani banks are also accepted. Additionally, creating or expanding businesses that generate a minimum of 50 jobs for Omani citizens qualifies as an investment route, as does participation in the capital markets through stock and securities portfolios. These diverse investment options allow both conservative and growth-oriented investors to contribute to Oman’s economic development.
Applicants must be at least 21 years old, have a clean criminal record, valid health insurance, and a minimum net worth of OMR 200,000. Applications are processed through Migrate World, the official platform authorized by Oman’s Ministry of Commerce, Industry, and Investment Promotion, ensuring a transparent and efficient process.
To accommodate different investment capacities, the program offers a two-tier residency model. The Tier One visa grants 10-year residency for investments of OMR 500,000 (approx. USD 1.3 million) in companies, bonds, or real estate, or through the creation of 50 Omani jobs. This visa comes with a fee of OMR 551 (approx. USD 1,430). The Tier Two visa provides 5-year residency for investments of OMR 250,000 (approx. USD 650,000) in the same categories and carries a fee of OMR 326 (approx. USD 845). Additionally, expatriates can apply for retirement residency if they have a fixed monthly income of OMR 4,000 (approx. USD 10,400).
The Golden Visa extends its benefits beyond the investor to include first-degree family members, without restrictions on age or number. Visa holders can also employ up to three domestic workers and sponsor temporary visitors such as friends and relatives. Fast-track services at airports and border crossings further enhance the overall convenience and appeal of the program.
By combining investment flexibility, long-term residency, and comprehensive family benefits, Oman’s Golden Visa positions itself as a strategic opportunity for investors seeking both economic returns and quality of life in a stable and forward-looking environment.