Apply for Golden VISA in Oman
Welcome to our comprehensive guide on Golden Visa in Oman, a program designed to provide residency and citizenship benefits to foreign investors and entrepreneurs. In this guide, we will cover everything you need to know about this program, including the eligibility criteria, investment options, and the application process.
Why Choose Oman for a Golden Visa?
Oman is a rapidly developing country located on the southeast coast of the Arabian Peninsula. It is known for its rich history, natural beauty, and welcoming culture. In recent years, the government of Oman has made significant efforts to attract foreign investment and talent to the country, including the creation of the Golden Visa program. Some of the reasons why you should consider Oman for your Golden Visa include:
Political stability: Oman is a stable and secure country, with a long-standing tradition of peaceful coexistence and tolerance.
Robust economy: Oman has a diverse and growing economy, with a strong emphasis on sectors such as oil and gas, tourism, and construction.
Natural beauty: Oman is home to stunning landscapes and breathtaking natural wonders, including pristine beaches, towering mountains, and lush wadis.
Welcoming culture: The people of Oman are known for their warmth and hospitality, making it a great place to live and work.
Eligibility Criteria for Golden Visa in Oman
To be eligible for a Golden Visa in Oman, you must meet the following criteria:
Be a foreign national of any country.
Be over the age of 21.
Have no criminal record.
Have sufficient financial means to support yourself and your dependents while in Oman.
There are several investment options available for foreign investors seeking a Golden Visa in Oman. Some of the most popular options include:
Real estate investment: You can invest in a property in Oman, either for personal use or for rental purposes.
Business investment: You can start or invest in a business in Oman, either in the form of a sole proprietorship or a joint venture.
Capital investment: You can make a capital investment in an existing Omani company, or in a new company that you are starting.
Types of Oman Golden Visa
Category I: 10 Years
Duration of validity: (10) years extendable for a period/ periods of time, provided that the resident card is electronically renewed every 3 years
- The right to reside with his/her family members (first degree) without limiting the number of individuals or specifying the age.
- Ownership of a single property outside of integrated tourist areas, whether for residential, commercial or industrial purposes, and this right is transferable to others, with the exception of owning the prohibited lands for non-Omanis.
- The possibility of employment in private (domestic) occupations at a maximum of 3 and Sponsorship is not required for extraction.
- The possibility of engaging in economic activities or working in the Sultanate.
- Permission to open a bank account.
- Possibility to issue visitor visas for relatives.
- Use of the lanes designated for Omanis at airports and outlets.
Terms and Conditions
- The residence applicant must own one or several residential units, Fully established under title deed, worth not less than 500,000 OMR in market value. .
- The property must be a personal .
- Applicant should attach title deed along with application and purchase contract registered in the Ministry of Housing and Urban Planning Or housing unit evaluation by one of the specialized appraisal companies approved by this Ministry or proof the value by the real estate developer
- SAOC/SAOG: The applicant should submit certification from one of the Licensed brokerage firms in the Sultanate to prove the applicant’s ownership of shares with a value of not less than (500,000)OMR at the time of purchase.
- Other types of Companies: -submission of a bank certificate issued by one of the commercial Banks in the Sultanate confirms the existence of the amount as a share for the residence applicant in the company’s bank account, or submission of a report indicating the project value (proof of the investor’s share ) from one of the accredited auditing companies in the Sultanate proving the applicant’s share for market residence in the project with a value of (500,000)OMR
- The residence applicant must own a company in which the number of Omani employees is not less than (50), by submitting an official statement from the Ministry of Labour or the Public Authority for Social Insurance indicating the number of Omani employees in the company.
- The applicant must possess purchase bonds for the government of the Sultanate of Oman worth at least (500,000) OMR .
- The remaining duration of these bonds must not be less than 2 years.
Category II: 5 Years
Duration of Validity: (5) five years, extendable for a period/periods, provided that the resident card is electronically renewed every two years.
- The right to reside with his/her family members (first degree) without limiting the number of individuals and with a maximum of 25 years for children.
- The possibility of employment in private (domestic) occupations at a maximum of 3 and Sponsorship is not required for extraction.
- The possibility of engaging in economic activities or working in the Sultanate.
- Permission to open a bank account.
- Possibility to issue visitor visas for relatives.
Use of the lanes designated for Omanis at airports and outlets.
Terms and Conditions
- The residence applicant must own one or several residential units, Fully established under title deed, worth not less than 250,000 OMR in market value.
- The property must be a personal .
- Applicant should attach title deed along with application and purchase contract registered in the Ministry of Housing and Urban Planning Or housing unit evaluation by one of the specialized appraisal companies approved by this Ministry or proof the value by the real estate developer.
- SAOC/SAOG: The applicant should submit certification from one of the Licensed brokerage firms in the Sultanate to prove the applicant’s ownership of shares with a value of not less than (250,000)OMR at the time of purchase.
- Other types of Companies: submission of a bank certificate issued by one of the commercial Banks in the Sultanate confirms the existence of the amount as a share for the residence applicant in the company’s bank account, or submission of a report indicating the project value (proof of the investor’s share ) from one of the accredited auditing companies in the Sultanate proving the applicant’s share for market residence in the project with a value of (250,000)OMR
- The applicant must possess purchase bonds for the government of the Sultanate of Oman worth at least (250,000) OMR
- The remaining duration of these bonds must not be less than 2 years
Category III: Pensioners
- Should be at least 60 years old when applying.
- The applicant must provide a proof of their work in the Sultanate (an employment contract), provided that the total duration of the employment in the Sultanate is not less than (2) years
- Submission of a personal account statement From one of the commercial banks in the Sultanate of not less than 6 months to demonstrate that the applicant’s monthly income is at least 4000 OMR.
- Submission of a house deed, or a residential lease under the applicant’s name.
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General Terms and Conditions
- The applicant shall not be less than (21) twenty-one years of age.
- Provide a valid health insurance during the required residency period for the applicant and all applicants for residence.
- Compliance with the laws regulating investment.
- Investment evaluation by the Investment Services Center, provided that the project has an added value to the economy.
- The applicant must continue to meet one of the minimum conditions for the duration of the stay.
- The holder of the residence card is not entitled to claim the Omani citizenship except in accordance with the regulations in force in this regard
In the event of the investor ‘s death, the long-term residency privileges are passed to a first degree family member and according to the procedures, provided that the conditions that must be met by the new residence card holder continue to apply. - The right of residency is forfeited in the event that the residence holder is sentenced to a penalty, and he may transfer the residency to one of his first degree family members without prejudice to their investment, which is preserved according to Omani laws.
If you have any questions or need assistance with the Golden Visa process in Oman, please don’t hesitate to contact us. Our team of experts at businesssetupinoman.com is here to help and will be happy to answer any questions you may have. Thank you for considering Oman for your Golden Visa, and we look forward to helping you make your dream a reality.