One of the most economically vibrant countries in the Gulf, the Sultanate of Oman has a dynamic pro-business environment offering golden visas to foreigners.
Oman offers two Investment Residency Programs through real estate, commercial investment and long-term bank deposits on a renewable five and ten-year basis subject to applicants meeting specific criteria.
Tier One
One has to make an investment of not less than RO500,000 in a limited liability company, public joint-stock company or government bonds or buy a property in the sultanate to the value of RO500,000.
Alternatively, one can establish a company employing a minimum of 50 Omani nationals, where the specification of company capital will not be required.
The validity of Oman’s Tier One Extended Residency permit is 10 years, subject to extension. The fee to obtain an Oman residence card is RO 551 for the applicant.
Tier Two
One has to make an investment of not less than RO250,000 in a limited liability company or public joint-stock company or buy a property in the sultanate to the value of RO250,000.
Alternatively, expatriate workers currently residing in Oman who wish to retire in the sultanate can obtain an Extended Residence permit by providing evidence of a fixed income of no less than 4000 Omani Riyals a month.
The validity of Oman’s Tier Two Extended Residency permit is 5 years, subject to extension. The fee to obtain an Oman residence card is RO 326 for the applicant.
Benefits
The World Bank ranks Oman as one of the most cost-effective countries in the Middle East for doing business in terms of labour, utilities, facilities, transportation, financing costs and taxes.
There is 100% foreign ownership and no personal income tax for individuals. Transfers of capital, profits, money, or dividends are not subject to any restrictions. However, there is a 15% corporate tax and 5% VAT applicable under tax laws.
The Tax Authority of Oman has confirmed that from 1 January 2028, residents in Oman will be subject to a 5% income tax rate on net annual income exceeding OMR 42,000 (approx. USD 1,10,000).