Oman has officially launched its Golden Residency program, a major initiative aimed at attracting investors and business owners as part of the country’s broader economic diversification efforts under Vision 2040.

Developed by the Ministry of Commerce, Industry and Investment Promotion, the program offers long-term residency to eligible applicants and is designed to strengthen Oman’s competitiveness as a regional investment hub.

Alongside the residency initiative, the government is rolling out Al Majida Companies, a program to support high-performing Omani businesses, helping them expand both domestically and internationally. A digital service on the Oman Business platform will allow companies to transfer registration data online, streamlining bureaucracy and reducing administrative costs.

The Golden Residency program forms part of Oman’s wider strategy to boost foreign investment and reduce dependence on oil revenues. Interested applicants can now submit applications and access further details via the Invest Oman platform.

Under the new system, investors can obtain a 10-year visa by investing at least 500,000 Omani rials in a limited liability company, a public joint-stock company, government bonds, or real estate. Alternatively, residency can be granted by establishing a company employing at least 50 Omani nationals. The application fee for the visa is 551 Omani rials.

This initiative reflects Oman’s commitment to creating a more business-friendly environment and positioning itself as a competitive investment destination in the region.