New Delhi: Oman will roll out its new Golden Visa programme for investors on August 31, as part of a wider push to position the Sultanate as a global investment hub and accelerate digital transformation in commerce. The Ministry of Commerce, Industry and Investment Promotion said the launch will coincide with the Al Majida Companies initiative, designed to support high-performing Omani firms.
Along with the programme, a new service enabling the electronic transfer of commercial registrations through the Oman Business platform will also be introduced.
The Golden Visa offers renewable residence permits of five or ten years, allowing investors, their spouses, children under 25, and dependent parents to live, work, and study in Oman without the need for a local sponsor.
What is the eligibility criteria
Eligibility can be obtained by real estate purchases, company ownership, or capital investment in sectors including property, IT, renewable energy, and tourism. Visa holders will also be entitled to full business ownership rights.
The programme extends a range of incentives, including tax exemptions, property ownership rights in freehold areas, and access to quality healthcare and education.
“The Golden Visa combines regulatory reforms with continued support for local firms to foster a sustainable business environment,” said Mubarak bin Mohammed Al Dhohani, Director General of Planning at the Ministry.
To reduce operational costs for businesses
The ministry noted that the initiative will be paired with the Al Majida Companies programme and the rollout of a streamlined digital platform for electronic transfer of commercial registrations — a major step toward a fully digital business ecosystem.
The system is expected to save time and reduce operational costs for businesses, while boosting transparency and easing administrative processes.
The inauguration ceremony in Salalah will also feature the signing of cooperation agreements with leading institutions, including Sultan Qaboos University, the German University of Technology, Oman Energy Association, and Abena.
The main objective of these collaborations is to utilise academic expertise and private sector capabilities to drive innovation and growth, particularly in Oman’s construction industry.