• Oman

    • OPAZ launches investor residency fast track service

    By on January 30, 2022
    OPAZ launches investor residency fast track service
    OPAZ launches investor residency fast track service

    Duqm (ONA): The Public Authority for Special Economic Zones and Free Zones (OPAZ) has launched investor residency fast track service, which will be accessible via the one-stop-station, both for immediate registration of commercial register and the investment license in the same day.

    The service benefits from ongoing coordination between the Authority and the Royal Oman Police

    Earlier, OPAZ coordinated with the departments concerned to grant long term residences visas for periods ranging between 5 and 10 years. The service was offered to foreign investors with high added value businesses that contribute to the employment of jobseekers and the development of small and medium enterprises.

    Dr.Said Khalifa Al Tuweirshi, In-charge of the tasks at OPAZ, pointed out that the new service will enable investors registered with OPAZ to submit residency visa requests to obtain the investment license via the portal.

    Since Royal Decree No. 105/2020 was issues, OPAZ unveiled fast visa e-services in all of its zones, conducted studies for the development of investment in the business environment, reviewed usufruct fees and support the government’s efforts of economic diversification.

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