investor visa Oman

Oman Investor Visa

Learn about Oman’s Investor Residence Programs (IRP), offering five and ten-year residency permits through real estate and commercial investments. These permits are renewable for non-Omani citizens who meet specific criteria.

Oman introduces a new Administrative Partner Visa, a two-year business visa for eligible foreign entrepreneurs and investors setting up ventures in Oman. Up to four shareholders, each holding at least 25%, can apply, provided the company has an Investor’s License.

This article explores Oman’s evolving investment landscape, providing insights into the rules, benefits, and opportunities of these programs. Whether you’re an experienced investor or a visionary entrepreneur aiming to sponsor a project, discover how these investment promotion initiatives can be your pathway to success in Oman’s rapidly growing Gulf region.

Company Registration in Oman

The Sultanate of Oman, a burgeoning GCC country, is emerging as a prime destination for your investment, actively fostering an environment conducive to foreign investments. The Omani Government’s commitment to economic diversification has led to significant reforms, attracting billions of dollars in investments and positioning Oman as a regional economic leader.

Government Initiatives

In its pursuit of economic transformation, Oman has implemented strategic measures, notably revising investment laws to permit 100% foreign ownership in various sectors. This progressive approach aims to enhance the Sultanate’s appeal to investors, offering a wide array of business opportunities across different scales.

Steps for Company Registration:

  • Select the appropriate business entity, such as a Limited Liability Company (LLC), to align with your business goals.
  • Secure approval from the Ministry of Commerce and Industry for a distinctive business name.
  • Draft a comprehensive MOA outlining company objectives and shareholder details.
  • As part of the residency program, develop an AOA to establish internal regulations for your sponsored company in the Sultanate of Oman.
  • Ensure legal authenticity by notarizing MOA and AOA through a notary public in Oman.
  • Submit notarized MOA and AOA, along with necessary documents, to the Ministry of Commerce and Industry for approval.
  • Secure the CR, a vital document certifying the establishment of your business.
  • Depending on business nature, acquire a Municipality Licence to adhere to local regulations.
  • Seek approvals from relevant government bodies or professional associations as required.
  • Attain approval from the Ministry of Commerce and Industry for your company’s trade name.
  • Apply for mandatory licenses and permits, such as a Professional Licence and relevant Investor Licence.
  • For the investment promotion in 2024, register your company with the tax authority in Oman and obtain a Tax Identification Number (TIN).
  • As part of the residency program, establish a business account in the company’s name in the Sultanate of Oman.
  • If hiring expatriate staff, apply for employment visas and labor permits.

Investor Visa Requirements for Oman

If you qualify as an applicant, embarking on the investor visa application journey in Oman in 2024 involves a meticulous process and compliance with specific requirements. Here’s a detailed breakdown:

Ministry of Commerce and Industry Approval:

Initiate the process by seeking official approval from the Ministry of Commerce and Industry for your investment in Oman. This endorsement signifies the government’s consent for your investment endeavors.

Investor Work Permit from Ministry of Manpower:

Obtain an investor work permit from the Ministry of Manpower. This permit is essential for engaging in business activities within the country and is a key component of the investor visa application.

Residency Visas from DGPR:

Secure residency visas from the Directorate General of Passport and Residence (DGPR) to qualify for the investment promotion in the Sultanate of Oman. These visas establish your legal residency status in Oman and are crucial for long-term stay and engagement in business activities.

Documents Required:

Valid Passport:

Please provide a clear and valid copy of your passport as an applicant, ensuring that it meets the necessary validity requirements for the investing process in Oman.

Partnership Certificate:

Submit a copy of the partnership certificate, confirming your official association in a business partnership within Oman.

Labor Permit from Ministry of Manpower:

Please furnish the labor permit issued by the Ministry of Manpower for the residency program in the Sultanate of Oman. This document, which attests to your authorization to work in Oman, is integral to the investor visa application, thereby proving that you qualify for the specific investment program in 2024.

Certificate of Membership:

Include a valid certificate of membership from the Oman Chamber of Commerce and Industry. This membership certification establishes your affiliation with the country’s prominent business association.

Investment Recommendation:

Healy Consultants, as a strategic advisor, strongly recommends our clients to consider a substantial investment, with a minimum threshold of US$100,000. This strategic financial commitment not only aligns with the economic goals of Oman but also significantly enhances the probability of a successful and expedited visa approval process. Investing in the Sultanate of Oman reflects your dedication to contributing meaningfully to Oman’s business landscape.

The Advantages of Establishing Your Business  in Oman

Oman stands as a strategic hub for business, boasting a thriving economy and unique advantages that make it an increasingly attractive destination for investors and entrepreneurs.

  • Nestled at the crossroads of global trade routes with access to the Indian Ocean, Oman’s strategic location enhances its significance as a key player in international commerce.
  • Oman’s economy is on a steady ascent, attracting substantial funding and investments from GCC nations and beyond. As a national or foreigner, this influx of capital through your investment contributes to the Sultanate of Oman’s economic vibrancy and growth.
  • Oman’s business landscape welcomes foreign investors, allowing 100% ownership in most industries. This flexibility through the residency program empowers international entrepreneurs to retain control and steer their ventures independently in the Sultanate of Oman.
  • Oman offers a favorable tax environment with no personal income tax and a low corporate tax rate. Additionally, the country has established special tax treaties with various nations, fostering a tax-efficient business environment.
  • Oman provides Free Zones and Special Economic Zones (SEZs) with tax exemption incentives, offering businesses a strategic advantage and a platform for accelerated growth.
  • Oman maintains positive diplomatic ties with surrounding countries, promoting regional stability and facilitating cross-border business collaborations.
  • Renowned for its political stability and commitment to ensuring safety, Oman provides a secure environment for businesses to operate and thrive.
  • Oman is rich in natural resources, offering diverse opportunities for businesses involved in sectors such as oil and gas, mining, and renewable energy.
  • The availability of a skilled and diverse workforce supports the needs of businesses, ensuring access to talent across various industries.

Please contact our representative to learn more about how Oman’s strategic tax treaties with multiple countries create a conducive environment for international businesses, facilitating smoother cross-border transactions.

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The Oman Investor Visa 2024 is a long-term residency program introduced by the Omani government to attract foreign investors to establish a company in Oman and contribute to the country’s industry and investment sector.

Foreign investors who wish to establish a company in Oman and contribute to its economy can apply for an investor residency program in Oman.

Holding an investor residence permit in Oman allows foreign investors to reside in Oman without the need for a visa, enabling them to actively participate in the country’s business and investment activities.

Foreign investors can establish a company in Oman by following the procedures set by the Omani Ministry of Commerce and Industry, and after fulfilling the requirements, they can apply for the investor visa program.

To obtain an investor residence permit in Oman, foreign investors must meet the criteria specified by the Oman Ministry of Commerce and Industry, which may include the establishment of a joint-stock company or an Omani company.

 Foreign investors can apply for the Oman Investor Visa 2024 through the embassy or relevant authorities, and the application process typically involves providing necessary documents and fulfilling the visa category requirements.

Omani investor visa holders can access various services in Oman related to business travel, company formation, and other facilities provided by Oman’s Ministry of Commerce and the Royal Oman Police.

The new Oman Investor Visa 2024 program offers foreign investors the opportunity to obtain long-term residency in Oman, contributing to the country’s economic growth and development.

To learn more about the Oman Investor Visa 2024 program, foreign investors can visit the official website of the Royal Oman Police or seek information from the relevant authorities and official channels.

The currency used for investment and residency fees in Oman is Omani Rial (OMR), and any financial transactions related to the investor visa program should be conducted using the OMR currency.