Oman’s Golden Visa initiative significantly aims to attract investments and welcome foreign investors to contribute to the country’s development. More than 3,000 investors from 60 countries were granted the Golden Visa till February 2025, as per the Ministry of Commerce, Industry and Investment Promotions (MOCIIP).
Whether you are an investor, seeking employment, or exploring residency, this article will help you understand everything related to the Oman Golden Visa. It covers the process of obtaining the visa, eligibility, benefits and other related things.
Back to topWhat is the Oman Golden Visa?
Golden Visa in Oman is a long-term residency permit. It allows foreign individuals to live, work, and invest in Oman. Launched in 2021, the initiative aligns with the Oman Vision 2040 aimed at economic diversification to reduce dependency on the oil and gas sector. This visa offers more flexibility compared to other types of visas in Oman. It also attracts entrepreneurs through various forms of investment in Oman.
Back to topWhat are the Oman Golden Visa Benefits?
Whether you are planning a company registration in Oman, or investing in real estate, a Golden Visa will help you with long-term residency. The Golden Visa has the following benefits:
- Allows family sponsorship for immediate family members, including spouses, children, and dependents.
- Access to the business-friendly environment and strong government policies.
- Own property without restrictions and buy real estate in approved investment zones.
- No requirement of a local Omani sponsor over residency and business operations.
- Tax Incentives such as no personal income tax and tax holidays of up to 10 years in case of an Oman free zone company formation.
- Long-term residency stability for 5 or 10 years with renewal options.
- Freedom to invest in multiple sectors including real estate, industry, and tourism.
- Access to high-quality healthcare and education facilities in Oman.
- Ability to open bank accounts and make financial investments easily.
- Opportunity to expand international business operations in the Gulf Cooperation Council (GCC) region.
Investment Options for Golden Visa in Oman
Under the visa services in Oman, the Golden Visa offers two types of Oman residency by investment through real estate, commercial investments, and long-term bank deposits. The types and Oman Golden Visa requirements are:
Tier 1 (10-Year Residency): The individual applying for ten year residency must:
- Make an investment of not less than OMR 500,000 in a limited liability company (LLC) or a public joint-stock company, or
- Buy a property to match the value of OMR 500,000, or
- Start a company employing a minimum of 50 Omani nationals
Tier 2 (5-Year Residency): The individual applying for five year residency must:
- Make an investment of not less than OMR 250,000 in an LLC or public joint- stock company, or
- Buy a property to match the value of OMR 250,000, or
- Obtain an extended residence permit by providing evidence of fixed income of not less than OMR 4000 per month, if they wish to retire here.
Eligibility Criteria for Oman Golden Visa
To apply for the Oman Golden Visa program, applicants must meet certain eligibility conditions set by the authorities. The eligibility criteria include:
- Applicants must be at least 21 years old.
- Must make the required investment under the approved categories.
- Should have a clean criminal record.
- Must have valid health insurance in Oman.
- Proof of financial stability or fixed income is required.
- Investment must be maintained for the validity period of the visa.
- Property or business investment must be in approved sectors or zones.
Cost of Obtaining a Golden Visa in Oman
The cost of applying under the Oman golden visa program depends on the visa category, type of investment, and applicable government fees. Applicants must make a minimum investment of OMR 500,000 for the 10-year residency or OMR 250,000 for the 5-year residency, along with additional expenses such as application charges, medical insurance, document attestation, and legal consultation.
The overall cost may vary based on whether the investment is in real estate, business, or fixed deposits. With expert guidance from Commitbiz, you can plan your investment wisely, understand the exact cost involved, and choose the most cost-effective option to obtain the Golden Visa without unnecessary expenses.
Back to topDocuments Required for Oman Golden Visa
Applicants must submit several documents while applying for the Golden Visa. The required documents include:
- Valid passport copy
- Recent passport-size photographs
- Completed visa application form
- Proof of investment or property ownership
- Bank statements showing financial stability
- Police clearance certificate
- Valid health insurance in Oman
- Proof of income (for retirees or fixed income applicants)
- Company documents (if applying through business investment)
- Medical fitness certificate, if required
How to Apply for the Oman Golden Visa?
If you are wondering how to get permanent residency in Oman, applying for a Golden Visa is the best way. This visa is also a great option for investors interested in starting a small business in Oman, as it allows long-term residency along with business and investment opportunities. Let us look at the steps below:
Step 1: Hire an Expert
The first step is to hire an expert corporate service provider, like Commitbiz, that will assist you with the entire visa application procedure. The process of understanding the requirements, government policies and regulations, can be complex. Commitbiz experts can help you sail smoothly through the entire process.
Step 2: Gather Required Documents
Now, gather all the necessary documents to be submitted. Documents such as a copy of passport, proof of investment or income, bank statements, police clearance certificate, health insurance, retirement proof (for retirees) are some of the required documents. Our consultants will ensure all documents are in place to reduce chances of rejection.
Step 3: Submit Application
In this step, we will upload all your documents and fill the application form through the Royal Oman Police eVisa system or the online portal of the MOCIIP.
Step 4: Pay the Application Fees
Now, pay the required fees based on the visa category and residency duration.
Step 5: Application Review
After submission of the application form and payment, it is time for a review by the authorities. They will carry out background checks and document verification before making the final decision. If approved, you shall receive the Golden Visa.
Back to topWhy Choose Commitbiz?
With the Sultanate’s commitment to economic diversification, now is a strategic time to make your investment in Oman. It gives you the opportunity to enjoy several Oman Golden Visa benefits, including long-term residency, investment flexibility, and a tax-efficient environment. Whether you’re drawn by business prospects or a better lifestyle, this visa provides a welcoming path to Oman residency by investment.
Commitbiz can assist you at every step, from understanding the visa benefits to choosing the right investment option, preparing documents, and completing the application process smoothly. Contact us today to get the Golden Visa in a hassle-free manner with expert guidance.
Back to topWhat happens if my Oman Golden Visa expires?
Golden Visa holders must renew their visa before it expires. The renewal process includes re-submitting updated financial statements, medical reports, and other necessary documents.
How long does it take to get the Oman Golden Visa?
The processing time may vary depending on the application type and document verification, but with proper guidance from experts such as Commitbiz, the process can be completed smoothly and without delays.
Will I receive a resident card with the Oman Golden Visa?
Yes, successful applicants receive a Resident ID card valid for the duration of the visa, along with access to e-government services through Oman’s Civil Status System.
Is health insurance mandatory for Oman Golden Visa applicants?
Yes, valid health insurance coverage in Oman is required when applying for the Golden Visa and must be maintained during the residency period.
Can the Oman Golden Visa be cancelled?
Yes, the visa may be cancelled if the applicant fails to maintain the required investment, provides incorrect information, or violates the residency rules set by the authorities.
