Oman 10-Year Golden Residency: Eligibility and Application Process

Oman has launched a 10-year Golden Residency program aimed at attracting global investors and skilled professionals. This initiative offers various investment options, family inclusion, and lifestyle benefits. It supports Oman’s Vision 2040 while enhancing its image as a secure, investor-friendly nation.

Overview: Oman’s Golden Residency Program

Oman’s Golden Residency is a renewable 10-year visa that provides foreign investors and skilled workers with long-term stability. Unlike short-term visas, this program allows individuals to live in Oman with their families and invest in diverse economic sectors. The program covers:

• Spouses
• Children
• First-degree relatives

With no age limits or restrictions on the number of family members, the Golden Residency Program offers greater flexibility compared to other residency-by-investment options in the region.

Eligibility Criteria

To qualify for the Oman Golden Residency Visa, investors must meet a minimum investment threshold of 200,000 Omani rials (approximately $520,000). Applicants can qualify through one of these seven pathways:

• Establishing or owning companies with a capital of at least 200,000 OMR.
• Purchasing property in integrated tourism complexes.
• Holding government development bonds with a maturity of at least two years.
• Investing in listed equities worth a minimum of 200,000 OMR.
• Maintaining a fixed bank deposit of 200,000 OMR for five years.
• Owning a business that employs at least 50 Omani nationals with 200,000 OMR capital.
• Receiving a nomination under the Foreign Investment Law from qualifying companies, with multiple nominations possible.

Additionally, applicants must meet basic requirements, including being at least 21 years old, having a valid passport, maintaining a clean criminal record, and demonstrating financial stability.

Application Process

To apply for the Golden Residency, individuals should submit their applications through Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP). The steps include:

• Selecting one of the eligible investment pathways.
• Providing proof of investment, property purchase, bond holdings, or employment contributions.
• Submitting supporting documents, such as a valid passport, proof of funds, and health insurance.
• Paying the application fee as determined by MoCIIP.
• Once approved, residency permits are granted for a period of 10 years and can be renewed if the eligibility criteria are maintained.

Conclusion

Oman’s Golden Residency program successfully combines investment opportunities with lifestyle advantages, making it an attractive option for residency-by-investment seekers in the Gulf. For investors and professionals seeking long-term stability, this program offers financial security and access to one of the region’s most promising economies. Embrace the chance to invest in Oman’s future and secure your place in this vibrant nation.