Oman has launched a 10-year Golden Residency Scheme, a major step aimed at attracting foreign investors, skilled professionals, and their families. The scheme was unveiled at the Sustainable Business Environment forum in Salalah, attended by Sayyid Marwan bin Turki Al Said, Governor of Dhofar, and Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion (MoCIIP).

Oman Introduces 10-Year Golden Residency Scheme

Officials explained that the initiative is part of Oman’s broader Vision 2040 strategy, designed to strengthen the private sector, create jobs, and encourage knowledge-sharing, while giving expatriates long-term security in the country.

Key Benefits for Residency Holders

• A renewable 10-year residency permit, covering spouses, children, and first-degree relatives, with no restrictions on age or number.
• Fast-track airport services and the ability to hire up to three domestic workers.
• Property ownership rights outside tourism complexes, in zones specifically opened to non-Omani nationals.

How to Qualify (Minimum RO200,000 / USD $520,000 Investment)

Applicants can apply through one of several investment options, including:

• Setting up a company with assets and capital of at least RO200,000.
• Buying property in an integrated tourism complex.
• Purchasing government bonds with a minimum two-year maturity.
• Investing RO200,000 or more in listed shares.
• Maintaining a fixed deposit of RO200,000 for five years.
• Owning a company with 50 Omani employees and RO200,000 in capital.
• Being nominated by a qualified company under the Foreign Investment Law.

MoCIIP noted that the programme is aimed at channeling investment into priority sectors and positioning Oman as a reliable, investor-friendly market.

“Distinguished Companies” Initiative

At the same forum, the government also introduced the Distinguished Companies initiative, developed in cooperation with the Ministry of Labour, the Tax Authority, Royal Oman Police, and the Oman Chamber of Commerce and Industry.

Companies will be rated on factors such as governance, Omanisation levels, revenue, exports, and compliance. Top performers will be officially recognized, with the goal of encouraging stronger contributions to Oman’s economy.

Digital Business Reforms

The government also announced a new digital service that allows ownership of commercial registrations to be transferred online through the Oman Business Platform. The service currently applies to sole proprietorships and one-person companies, and is part of the wider effort to digitise government services.

Promoting Oman Abroad

To market the Golden Residency internationally, Oman has partnered with Alam Al Hijrah (Migration World), a licensed consultancy with outreach in over 60 countries. The campaign will include digital promotions, global investor conferences, and strategic partnerships with MoCIIP.

Strengthening Oman’s Competitive Edge

The new residency lowers the minimum investment requirement from RO250,000 to RO200,000, bringing Oman in line with other Gulf states offering long-term visa schemes.

“The Golden Residency is not just a permit; it represents a balanced environment of opportunity, security, and quality of life,” said Nasima bint Yahya Al Balushi, Director General of the Investors Services Centre. She also pointed out that Oman ranked fourth globally in the 2024 Quality of Life Index, highlighting the country’s growing appeal for professionals and investors.

FAQs on Oman’s 10-Year Golden Residency Scheme

1. Who can apply for the Golden Residency?
The programme is open to investors, entrepreneurs, skilled professionals, and exceptional talents in fields prioritized by the government.

2. How long is the residency valid?
It is valid for 10 years and can be renewed if eligibility requirements continue to be met.

3. What benefits does it provide?
Residency holders gain property ownership rights, business incentives, and long-term stability for their families, along with easier business operations.

4. How does this support Oman’s Vision 2040?
It brings in global talent and foreign investment, helping Oman reduce reliance on oil and strengthen knowledge-based sectors.

5. Which industries are expected to benefit most?
The programme is expected to boost technology, healthcare, education, real estate, and renewable energy, supporting Oman’s role as a competitive regional hub.