Oman launches investor residency program at Muscat and Salalah international airports

Muscat- The Ministry of Commerce, Industry and Investment Promotion has launched a promotional campaign for the investor residency program and the benefits offered by the program to investors, in addition to marketing the services of the Invest in Oman lounge at Muscat and Salalah international airports.

The investor residency program grants foreign investors and retirees the right to long-term residence in the Sultanate of Oman for a period of 5 or 10 years, subject to renewal. To obtain an investor residency card, the application must be submitted through the website https://tejarah.gov.om/InvestorResidency.

Investors who obtain an investor residence card can avail a number of advantages, as the investor is granted the right to own one property outside the integrated tourism complexes ITC, whether for residential, commercial or industrial purposes, and it is transferable to others, with the exception of the ownership of land that is prohibited for non-Omanis, for the first category.

The investor is granted the right to reside with his family (first degree) without specifying the number of family members and without specifying the age for the first category.

The holder of an “investor residency” has the right to use a special countermarked for investor residency card holders at airports and ports, and will be allowed to issue visitor visas for relatives, and they can also Carry out economic activities or work in the Sultanate and do not require a sponsor to obtain a private work visa. He can also bring in domestic workers in private professions.

More than 2700 investor residence cards  have been to people of various nationalities under the 10-year, and 5-year category, and retirees, since the launch of the program in 2021 until 8/21/2023.

The Sultanate of Oman also offers, through the Invest in Oman hall, integrated and thoughtful investment opportunities in all sectors linked to the incentives and facilities provided to investors.

The investor can access the website of the platform https://investoman.om and benefit from the services it provides, as it includes the website, which was designed to comply with the requirements and data of investment marketing in the main investment sectors, which are logistics, manufacturing, education, technology, information technology, health and economy, mining, fisheries, renewable energy, agricultural wealth and tourism.

The hall also provides a special investor relations manager for each investor to follow up on his investment and provide all means to speed up the completion of procedures and various investment services smoothly and obtain approvals.