Oman has become an increasingly attractive destination for investors, professionals, and expatriates seeking long-term residency options. Introduced to encourage foreign investment and boost the country’s economic growth, the Oman Golden Visa program offers non-nationals the opportunity to reside in the Sultanate for an extended period, often between 5 to 10 years. Whether you’re an investor, a high-net-worth individual, or a professional looking to make Oman your permanent home, the Golden Visa in Oman opens numerous doors.

In this article, we’ll walk you through the Oman Golden Visa application process, the benefits of holding a Golden Visa, the necessary eligibility requirements, and more. This guide also provides insights into consultancy services and the best ways to secure a successful application in 2024.

Understanding the Oman Golden Visa

The Oman Golden Visa is a long-term residency visa designed to attract foreign investors, skilled professionals, and retirees. Introduced as part of the Sultanate’s effort to diversify its economy and encourage foreign investment, this visa allows holders to reside in Oman for an extended period without the need for frequent renewals.

In addition to residency benefits, the visa also provides the ability to work, start businesses, and access Oman’s various public services. Golden Visa Oman benefits include greater business opportunities, simplified processes for family sponsorship, and access to the country’s rich cultural and lifestyle offerings.

The Oman Golden Visa application services provided by various agencies ensure that applicants can smoothly navigate the complexities of the application process, saving time and effort.

Oman Golden Visa Requirements 2024

As of 2024, the Oman Golden Visa requirements have been revised to include several categories that cater to different types of applicants, including investors, business owners, and retirees. Here are the updated eligibility criteria for obtaining the Oman Golden Visa:

1. Real Estate Investment: Applicants can qualify by purchasing real estate worth a minimum of OMR 250,000. For larger investments, such as those exceeding OMR 500,000, applicants may be eligible for extended visa durations.
2. Business Investment: Individuals who invest at least OMR 500,000 in Oman’s economy, particularly in key sectors like tourism, technology, and manufacturing, are eligible. Applicants contributing to job creation for Omani citizens are given higher priority.
3. Job Creation: Entrepreneurs who establish businesses that employ a specific number of Omani citizens may qualify for the visa under the business category.
4. Financial Stability: Applicants must provide proof of financial stability and net worth to ensure they can support themselves and their families during their stay.
5. Clean Criminal Record: Applicants are required to submit a clean criminal record from their home country and Oman.

Consulting with Oman Golden Visa processing agents can help ensure that you meet all these requirements and submit a strong application.

Eligibility for Oman Golden Visa

The Oman Golden Visa eligibility extends to various groups, ensuring that a wide range of individuals can qualify for long-term residency in Oman. Here are the main categories of individuals who can apply for the Golden Visa in Oman:

• Investors: Foreign nationals investing in Oman’s booming real estate or business sectors.
• High-Net-Worth Individuals: People with significant personal wealth interested in living and investing in Oman.
• Entrepreneurs: Business owners looking to establish or expand their operations in Oman, particularly in growth industries like tourism, healthcare, and technology.
• Professionals: Skilled workers in industries such as education, healthcare, and engineering that are in high demand within the country.
• Retirees: Individuals who wish to retire in Oman and have sufficient financial means to sustain their stay without depending on local employment.

By working with Oman Golden Visa consultancy services, you can evaluate your eligibility and understand the documentation required to apply successfully.

The Oman Golden Visa Application Process

Navigating the Oman Golden Visa application process can be challenging without the right guidance. Below is a step-by-step breakdown of how to apply for the Golden Visa in Oman:

1. Consult a Visa Agent: Before starting the application process, it is advisable to consult with professional Oman Golden Visa application services or Golden Visa Oman legal services. These professionals will help determine which category you qualify for and advise on the necessary documents.
2. Prepare Documents: The required documents typically include:
   • A valid passport
   • Proof of investment or business registration
   • Bank statements proving financial stability
   • A clean criminal record
   • Health insurance for you and your dependents
3. Submit Application: Applications can be submitted online via Oman’s official immigration portal or in person at immigration offices. At this point, working with Oman Golden Visa processing agents can be beneficial, as they will ensure that your application is complete and free of errors.
4. Application Fees: Be prepared to pay the required Golden Visa Oman fees, which may vary depending on the type of visa and the length of stay. These fees typically cover the processing and administrative costs of the application.
5. Approval and Issuance: Once your application is processed, and if successful, you will receive your Oman Golden Visa, which grants you the right to reside and invest in the country for a long-term period.

If you encounter any issues or have specific questions, it is wise to consult Oman residency visa service providers to guide you through the process.

Golden Visa Oman Benefits

The Golden Visa in Oman offers a host of benefits for those looking to establish long-term residency in the Sultanate. These benefits extend not only to the visa holder but also to their family members:

1. Long-Term Residency: The visa grants residency for a period of five to ten years, with the option for renewal.
2. Multiple Entry Privileges: Golden Visa holders can freely travel in and out of Oman without needing additional visas or permissions.
3. Family Sponsorship: You can sponsor your spouse, children, and even domestic staff, allowing them to live and work in Oman.
4. Business Opportunities: Investment opportunities for Oman Golden Visa holders are abundant, with access to key growth sectors such as real estate, tourism, and healthcare.
5. Healthcare and Education: Golden Visa holders gain access to Oman’s public services, including healthcare and education for their children.

Cost of Golden Visa in Oman

One of the most common questions regarding the Golden Visa in Oman is the cost. While the exact fees can vary depending on the visa category, the following are general guidelines for the cost of the Golden Visa in Oman:

• Real Estate Investment: A minimum of OMR 250,000 for the standard visa and up to OMR 500,000 for more extended visa options.
• Business Investment: Applicants investing OMR 500,000 or more in Oman’s economy are eligible for the visa.
• Application Fees: There are additional administrative and processing fees that must be paid when submitting your application.

To get a precise breakdown of the costs, it is recommended to seek advice from the best Golden Visa consultants in Oman, who can provide an estimate based on your unique circumstances.

For More Information : How to Start Real Estate Business in Oman

Documents Needed for Oman Golden Visa

Applying for the Golden Visa in Oman requires several key documents. Here’s a list of the essential paperwork:

1. Passport: A passport with at least six months of validity.
2. Proof of Investment: For real estate or business investments, official documents confirming the purchase or investment are necessary.
3. Financial Statements: Bank statements demonstrating that you meet the minimum financial requirements.
4. Clean Criminal Record: Certificates from both your home country and Oman.
5. Health Insurance: Coverage for you and your family during your stay.
6. Business Plan (for entrepreneurs): A detailed business plan outlining your intended operations in Oman.

If you are unsure of how to compile these documents, hiring Oman Golden Visa application assistance is a smart move to ensure you submit a flawless application.

Hiring an Agent for Oman Golden Visa

Navigating the intricacies of applying for the Golden Visa in Oman can be daunting. This is why many applicants opt to hire professional Oman Golden Visa agents. These experts help streamline the application process and ensure that all necessary steps are completed correctly.

When selecting an agent, it’s essential to consider:

• Experience: Choose agents with a proven track record in securing successful Golden Visa applications.
• Comprehensive Services: Seek out agents offering services from document preparation to legal advice, such as Oman Golden Visa legal services.
• Transparent Fees: Make sure the agency is clear about their fees and charges, with no hidden costs.

By consulting with Oman residency visa service providers, you’ll ensure that your application is processed efficiently and effectively.

The Oman Golden Visa is a golden opportunity for foreign nationals seeking long-term residency, investment, and business opportunities in the Sultanate. With the right guidance and preparation, the process of obtaining the Golden Visa can be smooth and rewarding.

At Make My Company, we specialize in providing professional consultancy and support for Oman Golden Visa applications. As a business setup company in Oman, we offer comprehensive services that help you navigate every step of the Golden Visa application process, ensuring that you meet all the requirements for a successful application.

If you’re interested in securing a Golden Visa in Oman and taking advantage of the unique opportunities the Sultanate has to offer, contact us today for expert assistance.