Economy
42 Expat Investors Receive Long-Term Residence Visa In Oman
Building on the success of the ‘Investor Residence Card’ programme that was first announced in September 2021, Oman has issued long-term residency cards for 42 expat investors today [January 16].
The details were made public by the Ministry of Commerce, Industry, and Investment Promotion. As per the ministry, a total of 17 investors received the coveted 10-year visa, while 25 expats received the 5-year visa.
Her Excellency Assila bint Salem Al Samsamiya, the Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion delivered the long-term cards.
More details of the recipients are yet to be released but it is known that these investors will join the likes of businessmen such as M.A. Yusuff Ali, Sir Charles Shaw, and Najeeb K.
Criteria for obtaining long-term residency for 10 years in Oman
- Investors need to have an investment of RO500,000 and above in a limited liability company (LLC), government bonds, or in a closed joint-stock company
- Buy a unit of houses with a value of no less than RO500,000
- Establish a company that employs at least 50 Omanis (capital not mentioned)
Criteria for obtaining long-term residency for 5 years in Oman
- Investors need to have an investment of RO250,000 and above in a limited liability company (LLC), government bonds or in a closed joint-stock company
- Buy a house or housing units worth RO250,000
- Retirees who have a fixed income of no less than RO4,000 and a permanent place of residence
-
OER Magazines1 month ago
OER, September 2024
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, September 24
-
Uncategorized4 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities1 month ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance1 month ago
Apple Pay Officially Launched in Oman
-
Oil & Gas4 weeks ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Investment1 month ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+
-
Lifestyle1 month ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season