Oman, a beautiful country in the Middle East, is located on the Arabian Peninsula’s southeastern coast. It has unique landscapes and amazing cultures that make you fall in love with this country. It would be great to live in this country, but acquiring a residency is a task, especially when you do not have any local sponsorship. But now, you will be happy to know that Oman has recently launched the Oman Golden Visa.
Through the Golden Oman Visa, Oman is providing a residency permit without the need for a local sponsor. This visa offers you a permit to live in Oman for five or ten years. This visa offers business ownership and property ownership rights along with long-term residency. The foreign investors, entrepreneurs, skilled professionals, and retirees are eligible for this Oman visa. As there is no need for local sponsorship, you will get this visa with a substantial investment.
With documents and simple processing steps, you can easily apply for a Golden visa for Oman. From validity, time, fees, to types, this guide covers all the necessary details about the Golden Visa Oman.
Benefits of the Oman Golden Visa
The benefits you will get after obtaining a Golden Visa Oman:
- It offers a five or ten year renewable residency permit to foreign investors.
- It also enables foreign business ownership entirely in unrestricted zones.
- With this visa, you can also access world-class education and healthcare.
- This visa also provides you with significant tax benefits.
- You can also sponsor your family, such as your wife, dependent parents, and children below 25 years.
- Investors will get a stable and prosperous environment for themselves and their families.
Types of Oman Golden Visa
The types of Golden Oman Visa available are:
1. 10 Year Investor Residency
In this residency program, you have to provide an investment of at least OMR 5,00,000 (about 1.3 USD). This amount should be invested in any of either government bonds, residential property, establishing a company and employing at least 50 Omani nationals, stocks of an Omani company, or a limited liability company.
2. 5 Year Investor Residency
In this program, you must invest an amount of OMR 2,50,000 (6,50,000 USD). This amount must be invested in the shares of an existing Omani company or in property.
3. Retirement-Based Residency:
In this program, the applicant must have an OMR 4,000 (approximately 10500 USD) or more fixed income. This income should be generated from external sources, outside of Oman. It might be from your home country or any third country.
Documents Required for Oman Golden Visa
Documents that you should have for acquiring an Oman Golden Visa:
- Passport: You need a passport that has six months' validity from the date of application.
- Photograph: Recently clicked passport-size photographs with a white background.
- Application Form: The application form should be correctly filled out with accurate information.
- Clean Criminal Record: The applicant must not have any sort of criminal record.
- Health Certificate: If you have to acquire long-term residency, you must have good health.
- Financial Stability: You have to show your bank statement to make sure that you can bear the investment requirements.
Investment Documents: You must have any investment documents, such as proof of property ownership, registration papers, company establishment, and evidence of capital investment, or investment proofs in Omani government bonds.
Steps For Applying Oman Golden Visa
The steps you have to follow for applying for the Golden Oman Visa are:
- Step 1: Firstly, you have to select the investment option and meet the requirements.
- Step 2: You need to get the documents ready, such as a passport, photographs, investment details, etc.
- Step 3: Register for and create an account on the official Oman eVisa portal.
- Step 4: Complete the application form with accurate details and upload the documents required.
- Step 5: Now pay the application fee, submit your application for review, and receive a Golden Residency Card.
Golden Visa Oman Validity
The validity of the Golden Visa Oman is either for 5 or 10 years, depending on the investment tier. This long-term residency program allows you to work, live, and study in Oman. This visa is renewable after 5 or 10 years.
Processing Time & Fees for Golden Visa
1. Processing Time
- Standard Process: The Golden visa for Oman is a well-organized application that generally gets processed in 30-60 working days through the standard process.
- Fast-Track Process: Through fast-track processing, the Golden Oman Visa gets processed within 3-6 weeks.
2. Golden Visa Fees
- OMR 551-OMR 600: For a 10-year Golden Visa.
- OMR 326-OMR 360: For a 5-year or retirement visa.
FAQs About Oman Golden Visa
Q1. What is the Oman Golden Visa?
Ans. An Oman Golden Visa is a type of residency permit for either 10 or 5 years. It allows you to stay and work in Oman legally, and even sponsor your family.
Q2. How can I get a Golden Visa in Oman?
Ans. You can get a Golden Visa in Oman by having all the necessary documents, an investment amount, and completing the application process. For this, you have to meet all the requirements of the Golden Visa in Oman.
Q3. How much does an Oman Golden Visa cost?
Ans. The cost of an Oman Golden visa will fall somewhere between INR 1,20,000 to INR 1,30,000.
Q4. Who qualifies for a Oman Golden Visa?
Ans. Those who have money for investment, such as OMR 500,000 for 10 year residency, OMR 250,000 for 5 year visa, or retirees who have a monthly income of OMR 4,000 or more, can qualify for an Oman Golden Visa.
Q5. Can Golden Visa holders sponsor their family?
Ans. Yes, a Golden Visa holder, either for 5 years or 10 years residency, can sponsor their spouse, parents who are dependable, and kids below 25 years.
Q6. Is there a minimum income requirement for the Golden Visa?
Ans. Yes, for the retirement-based residency, a person should have a minimum income of OMR 4000 from their home country or any other country.
Q7. Can the Oman Golden Visa be renewed?
Ans. Yes, the Oman Golden Visa can be renewed easily before your previous visa expires.