Oman's Golden Visa Program Focuses on Business Investment

Oman is revamping its Golden Visa program, offering more property investment options for foreign investors. The initiative aims to attract high-value deals, coinciding with a surge in the Sultanate's real estate market, including a recent record-breaking penthouse sale. The "new" Golden Visa program, set to launch by August 31st, will likely focus on promoting the program more actively.

The program offers various pathways to obtain a 10-year residency, including investing in fully constructed residential properties, shares in companies, or government development bonds, each requiring a minimum investment of OR500,000. A 5-year residency permit is also available with reduced investment requirements. Compared to the UAE and Saudi Arabia, Oman's investment thresholds are higher.

Oman's approach emphasizes long-term partnerships and commitment. The country is focusing on digital infrastructure, including the "Mujeedah Companies Initiative" to support high-performing Omani companies and the "Oman Business" platform for e-transfer of commercial records. This shift aims to provide clearer investor rights, family inclusion, and modern governance infrastructure. The Golden Visa program is designed to attract foreign capital while simultaneously empowering Omani businesses, fostering domestic capacity.