Oman has officially launched a 10-year Golden Visa Residency Program to attract foreign investment and top talent, in line with its Vision 2030 Economic Diversification Goals. The new program, which offers long-term renewable residency permits, replaces an earlier investor visa scheme and was officially unveiled on August 31, 2025.
The announcement was made at the Sustainable Business Environment Forum in Salalah, under the patronage of Syed Marwan bin Turki Al Saeed, Governor of Dhofar, and in the presence of Qais bin Mohammed Al Yusuf, Minister of Commerce, Industry and Investment Promotion.
A Strategic Push for Growth
The program is designed to attract foreign capital and skilled professionals, while offering long-term stability to investors and their families. It reflects Oman’s strategic push to deepen private sector growth, accelerate job creation, and encourage knowledge transfer.
Under the scheme, investors who meet a minimum threshold of Rs 200,000 or about $5,20,000 qualify for renewable decade-long residency permits covering their spouses, children, and first-degree relatives without restriction on age or number.
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Exclusive Benefits for Residency Holders
Residency holders will also enjoy fast-track airport services, permission to apply up to three domestic workers, and the right to own one property outside integrated tourism complexes and areas otherwise open to non-money ownership. Applicants can secure eligibility through any of these seven routes, establishing companies with capital and assets valued at RO200,000 or more, purchasing property in integrated tourism complexes, or holding government development bonds with at least two years to maturity. They can also invest in listed equities worth RO200,000 or more, or they are maintaining a five-year fixed bank deposit of RO200,000, owning firms with at least 50 Omani employees and RO200,000 in capital, or being nominated under the foreign investment law by companies with sufficient capital, with multiple nominations possible.
Cost of Living in Oman
The accommodation cost is typically the largest expense and varies by location. Rent is often paid in quarterly or annual lump sums, so it is important to budget for large payments. The average cost of electricity, water, and gas is between RO. 80 to Rs. 50. A monthly budget can range from RO 150 to Rs. 60 for a small family for groceries. Owning a car is a common and relatively affordable option due to low fuel prices, and public transport exists, but it is limited.