Muscat: The recently announced Golden Residency programme by the Ministry of Commerce and Industry and Investment Promotion (MOCIIP) ensures stability for the investor and promotes the Sultanate of Oman's position as a safe investment destination.
Jeremy Savory, CEO, Savory & Partners, one of the government-approved agents for Citizenship and Residency by investment across the Middle East, Africa, and Europe, said, "The Sultanate of Oman Golden Residency offers an outstanding opportunity for both expatriates and investors. For the many who have built their lives here, it provides something they have long sought: stability.
For international investors, it's an excellent option to secure renewable long-term residency in a tax-friendly country. In terms of the GCC map, Oman’s proximity to Dubai and the UAE makes it an attractive base for those seeking regional connectivity."
Jeremy Savory, CEO, Savory & Partners
He added, “The Sultanate has priced this programme competitively. What also stands out is how Oman is complementing what other countries have already done successfully, opening the door to families (there are no limits on the ages or number of dependents) not just to come, but to stay and contribute. We witnessed the surge of applications that followed the launch of the UAE Golden Visa, and we're expecting another gold rush to Oman. Early investors will be rewarded with a more expansive selection of available investments.”
The goal of this residency is to attract capital, promote economic growth, and create job opportunities for citizens, according to Nasima al Balushi, Director General of the Investment Services Center at MOCIIP.
The Gold residency can be obtained by buying shares (securities), buying development bonds, Fixed deposits in banks, and for those with companies that employ more than 50 Omanis.
The facilities include owning a comprehensive family residency that includes the first-degree family members with no restrictions on number or age, dedicated lanes at airports and ports to avoid waiting times, and easily issuing visit visas for your relatives, and allows property outside the integrated tourism areas (residential, commercial, industrial) and ability to transfer ownership to others, except lands prohibited for ownership by non-Omanis.
Factsheet
Golden Residency Program benefits
10-year renewable residency.
100% ownership of a project or property.
Family residency including the husband, wife, and children.
Using fast-track government transactions.
Direct access to services through the Invest in Oman platform.
Applying without the need for a local sponsor.
Tax and customs exemptions associated with certain investment instruments.
Who can apply for the Golden Residency? A minimum investment of RO200,000 (around $520,000)
Owning a property in an integrated tourism complex (residential, commercial, or tourism)
Establishing a company registered in the Sultanate of Oman with a capital of no less than RO200,000.
Purchasing government development bonds worth no less than RO200,000.
Purchasing shares or securities listed on the Omani market worth no less than RO200,000.
A fixed bank deposit in a local bank for a period of no less than two years for the same value.
Operating a company that employs 50 Omani citizens registered with social insurance.
Nomination of partners or executive employees from a company subject to foreign investment law.
What are the required documents to apply?
A copy of the passport.
A personal photo.
Proof of the investment instrument (such as a Property deed or a company incorporation certificate.
Bank statement.
Criminal record (clear of criminal record).
Health insurance policy (if required).
Additional documents related to the selected track.
The application process is done through the official electronic portal
https://omanresidence.gov.om/en-us/
through which you can
Upload documents.
Track the status of the application.
Interact with a dedicated relationship manager.
Receive instant notifications.
There are application and examination fees that must be paid during the application process. These fees vary depending on the investment instrument and will be explained during the application steps on the portal.
The application may be rejected in the following cases:
Failure to meet the minimum investment requirement (RO200,000).
Submitting incorrect or incomplete documents
Having a criminal record or being banned from entry
The company or individual does not comply with the legal requirements
The husband, wife, and children are included in the same Golden Residency application after proving the relationship and submitting the required documents
The Golden Residence grants you long-term residency, but it does not automatically lead to citizenship.
Obtaining Omani citizenship is subject to different laws and regulations.
World Migrate
It is the operating partner of the program and provides assistance in submitting applications and preparing documents.
Direct support to investors throughout the journey.
Ensuring a smooth process in accordance with international standards.
