Oman has officially launched its 10-year Golden Residency Program to attract international investors, entrepreneurs, and highly skilled professionals. This long-term visa is part of Oman Vision 2040, the national strategy aimed at boosting private sector development, foreign investment, and economic growth.
What Is Oman’s Golden Residency?
The Golden Residency is a 10-year renewable visa that provides long-term residence to investors and professionals, unlike short-term job or business visas. It allows individuals to live in Oman with their families and invest across multiple industries. The visa covers:
- First-degree family members
- Spouses and partners
- Children (without age or number restrictions)
Compared to other Gulf residency-by-investment programs, Oman’s initiative is flexible and inclusive.
Who Is Eligible?
Applicants must meet a minimum investment threshold of $520,000. Eligibility can be achieved through one of the following seven routes:
- Developing or owning businesses with assets valued at least $520,000
- Purchasing property within integrated tourism complexes
- Holding government development bonds with a 24-month maturity
- Investing in state equities worth at least $520,000
- Maintaining a fixed bank deposit of $520,000 for five years
- Owning firms with a capital of $520,000 and employing at least 50 Omani citizens
- Being nominated under the Foreign Investment Law by eligible firms (multiple nominations allowed)
Additional general requirements include:
- Being at least 21 years old
- Holding a valid passport
- Clean criminal record
- Proof of financial solvency
Documents Required
Applicants must provide the following documents:
- Proof of investment (business license, property deed, or bond certificate)
- Bank statements
- Marriage and birth certificates for dependents
- Police clearance certificate
- Valid health insurance
How to Apply
Applications are submitted via the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP). The process includes:
- Selecting one of the approved investment pathways
- Submitting proof of investment or business contribution
- Providing required documents, including passport and health insurance
- Paying the official application fee
Once approved, applicants receive a 10-year residency permit, which can be renewed upon meeting the eligibility requirements.
Key Benefits of Oman’s Golden Residency
Golden Residency holders enjoy both practical and lifestyle advantages, including:
- Fast-track airport services for easier travel
- Authorization to hire up to three domestic workers
- The right to own one property outside integrated tourism complexes, in areas usually restricted for foreigners
- Long-term stability to plan business operations
- Access to Oman’s strong global reputation, ranked 4th worldwide in the 2024 Quality of Life Index
Conclusion
Oman’s Golden Residency Program combines investment opportunities with quality of life benefits, making it one of the most attractive residency-by-investment options in the Gulf. For investors and professionals seeking security, growth potential, and family-friendly policies, this 10-year renewable visa offers both financial and lifestyle rewards.
FAQ
What is the minimum investment required for Oman’s Golden Residency?
Applicants must invest at least $520,000 through one of the approved pathways.
Does the visa cover family members?
Yes. Spouses, partners, and children of all ages are included without restrictions.
How long is the Golden Residency valid?
The visa is valid for 10 years and can be renewed upon meeting eligibility requirements.
Can I own property in Oman with this visa?
Yes. Golden Residency holders may own one property outside integrated tourism complexes, a privilege normally restricted for foreigners.