Oman Set to Launch Golden Visa on August 31, Aligning with Gulf Neighbours
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Oman is preparing to introduce its much-anticipated golden visa program on August 31, marking a significant step in attracting global investors. Following the success of similar schemes in the UAE and Saudi Arabia, the initiative reflects Oman’s broader ambition to establish itself as a key investment hub in the region. The announcement was confirmed by the Oman News Agency (ONA), highlighting the government’s commitment to economic diversification.
Alongside the Golden Visa, the Ministry of Commerce, Industry and Investment Promotion will also unveil new measures to boost business efficiency. These include the launch of the “Al Majida Companies” initiative to recognize high-performing Omani enterprises and a digital service enabling seamless transfer of commercial registration via the Oman Business platform.
Oman’s Golden Visa: Boosting Investor Confidence and Regional Competitiveness
Oman’s golden visa initiative is designed to provide investors with a sense of stability and a platform for sustainable business growth. According to senior officials, the program aims to create a welcoming climate for international investors while supporting local enterprises in their expansion efforts. By linking investor benefits with domestic business incentives, Oman is aligning long-term residency with its broader economic development goals.
One of the key reforms accompanying the visa is the shift toward a fully digital business environment. The electronic transfer of commercial registrations, introduced through the “Oman Business” platform, is expected to simplify processes, cut costs, and enhance transparency.
The reforms also emphasize sustainability and innovation, particularly through partnerships between academia and the private sector. Such collaborations are intended to strengthen the construction industry, develop local talent, and encourage research-led solutions.
Oman’s move closely follows the successful models established by its Gulf neighbours. The UAE’s golden visa, launched in 2019, has become one of the most sought-after residency schemes in the region. By offering long-term permits to investors, professionals, and even cultural and sporting talents, it has positioned the UAE as a global hub for entrepreneurship and innovation.
Saudi Arabia’s golden residency, introduced the same year, focuses on empowering foreign residents to invest in the kingdom’s evolving economy. Through its Premium Residency program, investors and professionals gain rights to own property, start businesses, and live without a local sponsor.
Also Read: UAE Golden Visa Buzz Among Indians: What’s Real & What’s Not
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Oman’s golden visa launch marks a strategic move to attract global investors while strengthening its digital and business ecosystem, following in the footsteps of the UAE and Saudi Arabia. These reforms highlight the Sultanate’s vision for long-term growth and competitiveness. With GetGIS, you can navigate global immigration pathways seamlessly and turn new opportunities into reality.
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