Oman Golden Visa program, officially known as the Oman Investor Residency Program, launched in 2021, is designed in accordance with the Oman Vision 2040 plan, to attract significant investments and boost its economy by giving resident permits to investors as an exchange. Participants get Oman investor visa benefits such as the ability to live and work in the country, buy a residential property, or sponsor their relatives.
In this article, we’ll cover Oman's golden visa price, requirements, benefits, and overall application process.
Key Takeaways
- Oman golden visa benefits include the ability to open bank accounts, work, buy property, and sponsor family members.
- The minimum amount of investment ranges from 250,000 Omani rials to 500,000 Omani rials depending on the duration of residency.
- The country also offers a special program for retirees who want to live in Oman. Applicants must meet requirements such as being at least 60 years old, and having a monthly income of at least 4,000 Omani rials.
- The golden visa application process includes meeting eligibility criteria, gathering necessary documents, and submitting the application, often with the assistance of a consultancy expert.
What is an Oman Golden Visa And How Does It Work?
Launched in September 2021, the Oman Golden Visa Program or Oman Residency Program aims to attract foreign investors to make a significant contribution to Oman’s economy. As an exchange, investors receive Oman residency.
Oman golden visa benefits include:
- Opportunity to open a bank account: as an Oman golden visa holder, you’ll be eligible to create a bank account and manage your finances in local banks
- Work and take part in business activities
- Buy a residential property
- Sponsor your relatives, including children up to 25 years old, and secure residency for them
- Apply for visiting visas for your extended family members
- Hire up to three employees for domestic or private work
There are two validity time slots for the residency program in Oman. The first one grants you a 5-year residency, and the second one gives you a 10-year residency. Depending on the chosen option, the minimum investment amount and fees will vary.
However, before applying for Oman residency, consider the challenges you may face. Some of the common considerations are:
Financial Requirement
The financial factor plays a crucial role in obtaining an Oman investor visa. Depending on the residency duration you want to acquire, the minimum amount of investment will vary from 250,000 Omani rials to 500,000 Omani rials.
Culture
Make sure that you get acquainted with Oman’s culture, learn common expressions in their language, and find out what Omani people find appropriate and not appropriate. To make it short, understand whether you fit the environment or not.
Government Policies
Learn about government policies, laws, and regulation systems. Also don’t forget to familiarize yourself with periodic renewals or additional documentation that might be required to maintain your residency status.
How Much Does an Oman Golden Visa Cost?
The Oman golden visa price depends on the amount of time your residency card is given to you. As we’ve already mentioned before, there are 2 main timeslots: 5 or 10 years. Let’s break down Oman's golden visa price for both of these options.
5-year residency
Let’s start with the minimum amount of investment. You need to invest at least 250,000 Omani rials in one of the following ways:
- Open or buy a company
- Buy a real estate
- Buy government bonds
The residence permit fee is approximately 300 Omani rials (payable for each renewal of a residence permit) and the visa fee for each family member is 130 Omani rials (payable for each renewal of a residence permit).
10-year residency
To calculate the Oman Golden Visa price for a 10-year residency, consider the following:
The minimum amount of investment is 500,000 Omani rials in one of the following ways:
- Open or buy a company
- Buy a real estate
- Buy government bonds
Additionally, don’t forget about the residence permit fee (500 Omani rials, payable for each renewal of a residence permit) and visa fee for each (100 Omani rials, payable for each renewal of a residence permit).
Golden Visa for Retired People
Oman has a special program for retirees. People, who are at least 60 years old, have financial stability, and want to live in Oman during their retirement, can apply for this program if they meet these requirements:
- Retirees must be at least 60 years old
- They should have at least 4,000 Omani rials monthly income
- Provide proof of working in Oman for at least 2 years
- Bank account statements from an Omani bank covering the last three months
- Residential lease agreement or property title deed
Oman Golden Visa Requirements for Investment Program
There are several Oman golden visa requirements that you should meet in order to receive a residence permit. The most important ones are:
- Be at least 21 years old
- Pass the background check: the Omani authorities will conduct security and background checks to make sure you have no criminal records
- Be a good character
- Have a valid health insurance (for yourself, and if your family members apply, for them as well)
- Have proof of sufficient funds required for the minimum amount of investment required for an Oman residence visa
How to Get a Golden Visa in Oman?
Here’s a breakdown of the steps you need to follow to get a golden visa in Oman:
Contact an expert: The process of learning the requirements, government policies and regulations, gathering all the necessary documents, and applying for a golden visa in Oman may be overwhelming, that’s why it’s advisable to contact a professional who will help you with the whole process. Mirabello Consultancy’s specialized agents are experienced in helping people get a golden visa, citizenship, and residency permit and are always ready to help you.
Meet the requirements: Make sure that you meet Oman's golden visa requirements, such as being at least 21 years old, having a clean criminal record, and proof of sufficient funds.
Gather all the necessary documents: Don’t forget about documents like filled-out and signed application forms, passport copies, and proof of income or financial stability.
Submit the application
FAQ
Is it easy to get citizenship in Oman?
Obtaining citizenship in Oman is difficult because of its strict regulations. The main methods for foreigners to get citizenship are making significant contributions to the country, or being married to Omani men (for women) and living there for at least 10 years․
What is the easiest citizenship in the Middle East?
In the Middle East, one of the easiest citizenships to acquire is Turkish. This statement considers factors such as investment requirements, residency length, and the overall processing time.
How long does it take to get an Oman Golden Visa?
Getting an Oman Golden Visa usually takes 4-6 weeks.
Do Oman citizens need a visa for Europe?
Yes, Omani citizens generally need to apply for a visa if they want to visit European countries. To apply for a Schengen visa, Omani citizens need to submit an application to the corresponding embassy. The application process usually includes preparing documents such as a valid passport, health insurance, sufficient funds, and proof of accommodation.
Conclusion
To sum it up, in this article, we’ve talked about how to get a golden visa in Oman. We’ve covered Oman's golden visa requirements, the benefits that this program comes with, the minimum amount of investment you need to make to get Oman residency, and the overall application process.
With the right preparation and professional guidance, you can obtain an Oman golden visa without any difficulties.
