Oman Golden Visa MigrateWorld program that grants renewable 5-year residency visas to foreign investors who meet certain investment criteria. Located on the Arabian Peninsula, Oman offers political stability and a high quality of life.
Here is an overview of Oman’s residency through investment program:
Investment Options
There are three investment options:
1) Bank Deposit – Depositing at least OMR 150,000 (around $390,000) in an Omani bank as a fixed deposit for 5 years.
2) Real Estate – Purchasing property valued at over OMR 260,000 (around $676,000). The property must be retained for at least 5 years.
3) Establishing or Partnering in a Business – Investing over OMR 150,000 into an Omani company. Must be involved in the business activity.
Application Process
Applicants should engage a local legal consultant for advice. Required documents include passport copies, medical certificates, police clearance certificates, and proof of funds or investment.
The process takes 2-4 months. Applicants, spouse and children must enter Oman to provide biometrics. The 5-year residency visa is then issued.
Benefits of Oman residency by investment Migrate World include:
– Renewable 5-year multi-entry visa
– Residency status extended to spouse and children
– No requirement to reside full-time in Oman
– High quality healthcare and education
– Strategic location for Middle East business
– Pathway to citizenship after 10 years
– Low crime rate and political stability
There are no residency, language or culture tests. Dual citizenship is allowed.
Taxes
Residents pay 5% of annual net income above OMR 30,000 in taxes. Investment income from bank deposits, bonds and dividends are tax exempt.
Ideal Applicants
Oman appeals to:
– Middle East and India-based investors and entrepreneurs
– Families seeking security and a Western lifestyle
– Pensioners drawn to Oman’s warm climate and low tax
-Remote workers who can take advantage of visits home
Oman provides a high standard of living coupled with business opportunities given its strategic location and developed infrastructure. For investors who meet the investment threshold, residency through investment in Oman offers an appealing mix of benefits.
With expert guidance, Oman’s residency by investment program offers a worthwhile opportunity for foreign nationals to establish a base in this increasingly popular destination.
