Oman's Investor Visas Gain Popularity

Oman is quietly emerging as a top destination for investment-linked residency, with ambitious redevelopment plans in Salalah opening doors for long-term residency options. These initiatives are designed to attract global investors seeking a unique lifestyle. The country offers both 5-year and 10-year "Golden Visas" for investors, representing a significant step in attracting foreign investment and fostering a thriving business environment.

The 5-year residency requires a minimum investment of OR250,000 in real estate, a limited liability company, or a public joint stock company. Retired expats can also qualify with a fixed monthly income of at least OR4,000. The 10-year visa necessitates a minimum investment of OR500,000 in similar ventures or establishing a company employing at least 50 Omani nationals. Long-term government bond deposits are also accepted. Applicants must be over 21 and not subject to previous deportation orders. Applications are submitted to the Ministry of Commerce, Industry, and Investment Promotion, with final approval from the Royal Oman Police.

Oman's property market is experiencing a boost, with the Golden Visa program acting as a catalyst. The Salalah redevelopment is a key initiative, encouraging longer-term stays through property ownership. Foreigners can own freehold properties in "integrated tourism complexes," granting residency rights to the buyer and their immediate family. Investments offer an appealing lifestyle and gross returns of 5-8% in ITCs.

Leading Omani real estate projects include Al Mouj Muscat, Jebel Sifah, and the AIDA project, offering diverse options from waterfront communities to coastal resorts. While the secondary property market is less active than in other Gulf cities, Oman is well-suited for long-term investments with stable rental income potential.