Oman announced a series of initiatives designed to attract international investors and support local businesses. The government introduced the Oman golden visa program along with new digital registration services and business incentives. These steps aim to strengthen economic growth and diversify income sources.
The Ministry of Commerce, Industry, and Investment Promotion launched the Oman golden visa program for investors. The initiative offers long-term residency options for those meeting clear investment thresholds. Investors can qualify by purchasing property, investing in companies, or holding government bonds. This program intends to encourage greater foreign participation in Oman’s economy.
At the same time, the ministry introduced an online service through the Oman Business platform. Companies can now transfer commercial registrations digitally, reducing time and cost for investors. This digital transition demonstrates Oman’s push to simplify procedures and build a more investor-friendly environment.
Additionally, the Al Majida Companies initiative will reward top-performing Omani businesses with incentives and facilities. These firms will gain support to expand regionally and globally. The ministry also signed cooperation agreements with universities and sector associations to strengthen skills and opportunities in the construction industry.
The Oman golden visa scheme complements broader reforms to reduce reliance on oil revenue. Oman is focusing on logistics, real estate, manufacturing, and services to expand its non-oil economy. The government’s vision includes significant reductions in oil dependence by 2030 and 2040. Introducing personal income tax in the future also reflects long-term fiscal planning.
International organizations project stronger growth for Oman in the coming years. Expansion in manufacturing and services will drive economic momentum. The Oman golden visa provides investors with stability, while reforms create a competitive business climate.
Furthermore, Oman joins regional peers in adopting long-term residency programs to attract capital. Similar schemes in the UAE and Bahrain have boosted real estate demand and investor confidence. Oman’s program allows both property buyers and entrepreneurs to secure residency, opening opportunities for families and retirees as well.
Overall, the Oman golden visa represents a significant milestone in the nation’s investment strategy. With digital tools, company incentives, and residency reforms, Oman positions itself as a global destination for capital and innovation. These efforts underline the government’s commitment to sustainable diversification and inclusive growth.
