Live in Oman for 10 years: How to qualify for long -term residence by investment. world News
TL; Dr:
Oman Eligible gives foreign investors a grant to 5- and 10 years renewable residences.- Investment Threshold: OMR 250,000 (USD 650K) for 5 years; OMR 500,000 (USD 1.3 million) for 10 years.
- Investment options include real estate, business equity, government bonds or bank deposits.
- Residency permit includes self-sponsorship, several entries and family coverage.
As part of its comprehensive national reform strategy known as Oman Vision 2040, the Sultanate has actively transferred towards welcoming long -term foreign capital through structured programs. The Investor Residency Program (IRP), launched in 2021 and regulated by the ministerial decision number 209/2022, serves as a major column in that attempt. This allows global investors to achieve renewable residences of either five years or ten years, which provides them a stable basis not only in the region’s safest and most trade-friendly environment, but also a passage for long-term integration in Oman’s private sector landscape. Unlike temporary or employment-related visas, IRP provides self-provided rights to investors and their families, which makes an attractive option for high-purpose individuals seeking security, stability and flexibility in the Gulf. With minimal bureaucracy barriers and a digital-first application model, Oman itself holds itself as a prudent but powerful player in the competitive GCC Residency-Investment Area.
Valid structure and authority
- Responsible body: Ministry of Commerce, Industry and Investment Promotion (MOCIIP)
- Regulatory Aadhaar: Ministerial decision number 209/2022
- Distribution: Investment administered through Oman Digital Portal and Affiliated Services Centers
- Residency vs Citizenship: Provides long -term living benefits but does not provide citizenship or nationality
Investment level and permit period
- Under the Investor Niwas program, Oman offered two main levels of Residency permit, which is classified by the amount of investment and permit. The Ministry of Commerce, according to the Industry and Investment Promotion (Mociip), the first level, known as a long -term residence, provides investors a 10 -year renewable residence, which performs at least OMR 500,000 (about USD 1.3 million) in eligible investments. These may include property purchasing assets, establishing a business, or investing in development projects approved by the government.
- The second tier, known as a medium-term residence, provides a 5-year Akshay residence for those investing OMR 250,000 (about 650,000 USD). Both levels allowed the investor to sponsor their spouse, children (up to the age of 25), and parents. The resident permit is conditional on maintaining investment during the permit period, and failure in doing so can result in disarray, as mentioned to control Oman’s decision number 26/2021 program.
Additionally, in update of 2024, the authorities confirmed that investors are also eligible to apply for property ownership rights, especially within areas designated by ITC, a policy designed to stimulate real estate and tourism sectors. The purpose of the program is to attract foreign capital and promote long -term economic diversification to suit Oman Vision 2040.
Profit and family inclusion
The program is designed for extensive lifestyle integration. Primary benefits include the right to self-prominter (no employer or local sponsor requirement), freedom to enter Oman and exit several times during visa validity, and the eligibility to operate businesses with 100% foreign ownership under Foreign Capital Investment Act. Investors can also reach the rights to give education, healthcare and lease as the lying residents. Importantly, the IRP allows immediate family members to include: spouse, minor children and dependent parents. Family members get residence for the same period as the main investor, which creates a full transfer path. While these dependents do not need to invest separately, they should pass medical and safety checks and are subject to minor processing fees.Oman’s program does not currently apply the need for minimal to live, which means that investors can maintain global mobility without the need to live in the Sultanate full -time. This flexibility makes especially attractive for managing traders in various geographical regions.
Application process
Applying for the Investor Residence Program in Oman is streamlined through the Ministry of Commerce, Industry and Investment Services Center under the Investment Services Center. The entire process can be completed online through the official “investment easy” portal, which centralizes government services for investors. Applicants must first select their desired Residency Tier-5-year or 10-year-which is based on their planned investment amount. They are required to submit a formal application including personal identity documents (passport copy, civil ID if applicable), proof of investment (eg, property karma, business license, bank statement), a legitimate health insurance policy and a police clearance certificate from their residence or country of origin. Additionally, a medical fitness certificate from an approved Omani health facility is mandatory for all applicants. Once submitted, the application is reviewed by a special committee within the mociip. If approved, the investor is awarded a residency permit issued by the authorities, which can be renewed based on the continuous compliance with the investment threshold. Investors can also apply to sponsor their immediate family members during or later during the approval process. To improve efficiency and attract more high-qualified individuals, Oman’s government introduced a “Green Channel” fast-track option for applicants who fulfill some strategic investment criteria, although they are subject to the discretion of the ministry. The entire process is usually between 5 to 15 working days, provided all the documents are complete and verified. Oman’s investor residency program marks a strategic change of how the Sultanate keeps itself in position on the global investment map. Whereas the neighboring UAE or less high-profile, Oman offering is transparent, practical and legally grounded than the UAE or Saudi Arabia, which appeals to investors in search of long-term regional appearance without excessive publicity or bureaucracy. With a stable political atmosphere, low crime rate, and one of the most habitable environment in the Gulf, Oman’s long -term visa option is not seen as a tool for rapid economic growth, but being seen as a path for the quality of life. Whether you are investing in real estate, launching a company, or bringing diversity in property through bonds or deposits, IRP provides a trusted route for a long -term residence in the country where security, commercial autonomy and peace convergence.
