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OVERVIEW

GOLDEN VISA OMAN

Most people don’t even have a clue how beautiful the country Oman is. Dubbed as “The Switzerland of the Middle- East”, this peaceful country at the southwest tip of the Arabian peninsula is clean, advanced, economically stable, politically influential, and home to 5 million friendliest and kindest people on Earth!

There is more to Oman than what the senses can feel and see. Its panoramic coastline is as vast as the opportunities for investments and virgin businesses because it is yet a developing country. And if you are looking for a decent environment to start a family or a sunny retreat to retire, this is the country for you! Oman has very elegant shopping malls unlike in any other country and also the quality of the roads and highways are among the top 10 in the world.  Oman is quite advanced in technology, in fact, GCC voted for Oman to become the I.T. Hub of the Middle- East.

It is the  7th largest country by area and the 8th largest economy in the Middle East. There are more reasons why to live in Oman and more opportunities than we can list here. Oman is currently developing to be the next business center in the region, especially for ICT. Think about it as the next Dubai, as investors are slowly shifting towards it seeing it is readiness for new developments and potentials, as many areas have started opening up like manufacturing, finance, mining,  logistics, trading, IT, tourism, or real estate.

Whether to invest or retire in Oman, today is the best time to do it.

Residency in 90 days

Investment from €280,000

Right to live and work in Oman

Whole family is eligible for the program

Why invest in Oman?

Developing country

After successfully fulfilling their Vision 2020 with new developments in the country, its new lenient laws are even more welcoming and attract foreign investors. They have diversified, industrialized, and privatization the business sectors for their next goal in Vision 2040. They are also adopting a sustainable circular economy which would generate new businesses and economic opportunities, and it is growing steadily since 2000.

Advance Technology

Oman is the pioneer in E-government solutions and the first country to use electronic identity cards for its citizens, and it ranks as the 18th most internet-ready country in the world. No wonder the GCCC voted Oman to be the IT Hub in the Middle East. In fact, the brand Onsor is Oman’s own smartphone and laptop brand launched just recently. And do you know that Oman has manufactured their own self-charging electric car? It’s called Mays iE1.

Economic & political stability

Because Oman stays neutral amidst the political drama in the region, it is able to maintain a healthy relationship with everybody and this benefits its economy. There is no war, sanction, famine, or immigration crisis as they have strict border control.

Diverse Free-Market Economy

Oman is not relying on natural gas and oil anymore, they have started exploring alternative energy resources, as well as tech-driven manufacturing activities, imports of live stocks, aquatic, base metal, and mineral products, and textiles.

Stable currency

From 2004-2021, Oman recorded only a 2.7% inflation rate, because Oman holds the significant value of US dollars which helps maintain the currency at its rate for as long as it is producing oil.

Low taxes

There is no personal income tax in Oman, including income from capital gains, wealth, death or property. And the corporate tax is only 15% annually. The vat is at 5% only which by global standards is the lowest rate implemented in the world. This makes Oman one of the lowest tax countries in the world.

Real Estate

Real estate properties in Oman are good investments now that there is an oversupply of properties in the market. NOW, It is a good time to invest! The prices dropped to half the market value in the last two years due to the pandemic. The properties are beautifully, and quality built.

Language

Language is not a barrier because everyone speaks fluent English in Oman. And yes, you don’t need to study Arabic.

Tourism and Tranquility

Another reason to invest in Oman is because it is a beautiful country. It is one of the most- promising industries now that more and more influencers talked highly about it. It is the 4th safest country in the world to travel to.

Why citizenship investment in Oman make sense?

  1. Residency; You don’t need to get a visa every time you enter Oman, if you avail of the Residency program. You can invest in government bonds, buy shares or invest in Omani public or private companies, or purchase a property. Depending on how many years of Residency you want to have, can; Invest 250,000 OMR plus minimum fees for a 5-year residency, or 500,000 OMR plus minimum fees for a 10-year residency. Both are renewable.
  2. Investments; There is no limit to how many businesses or how many real properties you want to buy in Oman when you are on Golden Investor Visa. You also have unlimited business ownership.
  3. Freedom of movement; If you have Omani Investor Visa, you will be able to travel to GCC states visa-free. You can sponsor investment partners and family members for Residency under your visa. You will be granted multiple entries and an unlimited stay in Oman.

What is the Process?

01.

Book a Consultation. Once we receive your inquiry, our Property Consultant will guide you and help you select the best property that fits your criteria throughout the process.

02.

Legal Proceedings. A lawyer will help prepare the legal requirements needed, including opening a bank account.

03.

Property Acquisition. Documentations involving the transfer of property to your name, assessment and turn-over of property.

04.

Submit your Documents. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur iaculis, erat at posuere suscipit, orci felis lobortis diam, eget consequat quam ex id dui.

05.

Residency Permit Approval. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur iaculis, erat at posuere suscipit, orci felis lobortis diam, eget consequat quam ex id dui.

06.

Citizenship Approval. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur iaculis, erat at posuere suscipit, orci felis lobortis diam, eget consequat quam ex id dui.

FAQ's

You can invest in 250,000 OMR for 5 years of residency or 500,000 OMR for 10 years of residency in the following;

  1. Limited liability company
  2. Closed joint-stock company
  3. Government bonds
  4. Establish a company that will employ at least 50 Omanis
  5. Purchase of real estate property.

Entrepreneurs of any nationality, 23 years old and above can apply for Investor Visa in Oman. We will guide you as to how much does Omani government requires for investments from your country. There may be a different arrangement for you from the Omani government depending on the agreement of both countries. The above-mentioned are the standard investments required.

Yes, all Investor visa is renewable every 3 years. The visa fees are; 300 OMR for 5-year Residency; 500 OMR for 10 years of Residency.

It only takes 2 weeks to 1 month to get an Investor Visa in Oman. You must comply with all required papers to get a faster transaction.

There is no limit as to how many units of real properties an investor wants to purchase in Oman.

The good thing is, that there is no property tax in Oman. You only have to pay one time only fees when you do a purchase, such as;

  1. Registration fee of 3% of the purchase price of property
  2. Application fee- 10 OMR
  3. Stamp- 2 OMR

You can live or rent out the property once you have purchased it. There will be a charge of 3% for rental revenues. If you register a rental agreement with the government authority, all income-generating expenses will be deductible from rental income.