Oman offers a residency by investment, the Ministry of Commerce, Industry, and Investment Promotion has launched an Investor Residency Program (IRP) through which foreign investors and retirees can obtain long-term residency rights in the Sultanate. The program comes to facilitate the granting of residency for five to ten years to investors wishing to invest or reside in Oman. These long-stay visas, which can be renewed, are part of efforts to enhance the investment environment, and take into account security, legal, social and economic aspects of the country. It also aims to attract and promote qualitative investments that contribute to the growth of the domestic product and support the national economy, the localization of industries, the transfer of advanced technologies and modern techniques, and the promotion of economic diversification.
Investment Category 1
Investment Category 2
Dependent sponsorship. Holders of investor residence permits are expected to be allowed to sponsor permits for their dependents.
Nominating investment partners for residency. Investors under the program with an investment threshold that exceeds the minimum amounts specified above may nominate other investment partners to apply for residency, subject to each applicant meeting the relevant requirements.
There are several steps to securing an investor visa for Oman, as follows (this process below assumes you are applying from outside Oman):
The benefit of Oman 10- year Residency by Investment
Benefits of Oman 5-year Residency by Investment
The following requirements must be met to secure an investor visa in Oman.
To apply for an investor visa for Oman, several documents will be required, these may include:
Step 1: Fill up and submit the Online Visa Application Form
Step 2: Complete the online payment process
Step 3: Print the completed form
Step 4: Take the printed form enclosed with the required documents to the nearest ROP visa office.
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No, Oman does not allow dual citizenship. Though dual citizenship is not recognized, Omani law does not specifically forbid acquiring second citizenship. If the person begins to exercise the rights and privileges of the second citizenship, the steps to remove the person’s Omani citizenship may be initiated.
A foreigner may be granted citizenship if he/she lived in Oman for 20 years. If married to an Omani woman the foreign man has to stay in Oman for 15 years provided that he has a child with the Omani wife and the marriage was solemnized with permission from the Omani ministry. And if he/she is mentally fit.
Yes, you can include your dependents.
The sultanate of Oman or as a resident does not levy any taxes on personal income, including income from capital gains, wealth, death, or property.
Non-resident individuals would be liable to income tax at the rate of 15% if they carry on commercial, industrial, or professional activities in Oman.
There is no net worth/wealth tax in Oman.
There are no inheritance taxes in Oman.