Oman has unveiled a landmark Golden Residency Program for Buyers, providing renewable ten-year residency for traders and their households, because the Sultanate strengthens its place as a long-term funding vacation spot.
The Golden Residency affords a number of pathways to residency, together with property possession in built-in tourism complexes, firm institution, authorities bonds or shares, and financial institution deposits.
Residency may also be granted to corporations creating 50 jobs for Omani residents or by nomination by international corporations for his or her companions and key workers.
Oman Golden visa for traders
The initiative was introduced by the Ministry of Commerce, Business and Funding Promotion on the “Sustainable Enterprise Setting” occasion in Salalah, held underneath the patronage of Sayyid Marwan bin Turki Al Stated, Governor of Dhofar, and attended by Qais bin Mohammed Al Yousef, Minister of Commerce, Business and Funding Promotion.
Nasima Yahya Al Balushi, Director Common of the Funding Companies Centre on the Ministry, stated: “The Golden Residency represents the federal government’s dedication to making a balanced funding atmosphere combining high quality alternatives and long-term stability.
“Oman ranked fourth globally within the High quality of Life Index for 2024, enhancing its enchantment as each an funding and residing vacation spot.”
Alongside the Golden Residency, Oman launched the “Distinguished Corporations” Initiative and the digital switch of economic registry possession service on the Oman Enterprise platform, a part of its drive to simplify enterprise procedures and improve competitiveness.
FDI inflows have continued to strengthen, with international direct funding reaching 12.1 per cent of GDP in 2023, an annual development fee of 10.6 per cent, and a cumulative whole of OR30bn ($77.9bn) by end-2024.
Since its launch in February 2023, the Make investments Oman platform has acquired 90 funding requests value OR5.38bn ($13.9bn) and localised 43 tasks value OR2.25bn ($5.8bn) in strategic sectors together with well being, meals safety, business and renewable vitality.
Digital transformation is accelerating, with the Oman Enterprise platform finishing greater than 800,000 transactions in 2024, rolling out 24 new e-services, and integrating with 17 authorities entities, elevating e-service protection to 89 per cent.
The Ministry additionally signed memoranda of cooperation with OPAL, Sultan Qaboos College, the German College of Know-how, and Binaa for Skilled Companies to undertake superior requirements and applied sciences in development, supporting governance, transparency, and SMEs consistent with Oman Imaginative and prescient 2040.
Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Business and Funding Promotion for Funding Promotion, stated these programmes replicate nationwide priorities: “The launch of those packages and initiatives displays nationwide approaches towards enhancing the funding atmosphere and getting ready it to be extra sustainable and aggressive. This contributes to constructing a diversified financial system primarily based on data and innovation, consistent with the targets of Oman Imaginative and prescient 2040.”
By putting long-term residency, digital reforms, and new funding pathways on the coronary heart of its coverage, Oman is signalling its ambition to draw international traders and create a diversified, knowledge-driven financial system.
