MUSCAT: Oman will grant long-term residency to expat investors for a period of 5 and 10 years, starting from September, Ministry of Commerce, Industry and Investment Promotion said on Wednesday.
The process will be activated through the ministry’s Investment Services Center via online after completing all the procedures related to the project.
In March this year, His Majesty Sultan Haitham Bin Tarik had approved the plan to offer long term visa status to expat investors as part of the economic stimulus package.
Read More
- SalamAir resumes direct Muscat–Beirut flights
- His Majesty Sultan Haitham issues Royal Decrees on national symbols, facility protection and multinational tax
- Oman opens Muscat Airport office to protect arriving workers from exploitation and trafficking
- Misleading health ads in Oman could draw RO 1,000 fines, licence suspension or cancellation
- Muscat Expressway works to begin by November; changes to office hours under study
According to the Ministry, the long-term residency can be renewed after its expiry, while “adhering to the procedures and controls regulating this, in addition to supporting integrative efforts to enhance the investment environment in the Sultanate and attract qualitative investments according to clear controls,” the statement from the Ministry said.
Liked this story? We’ll send you more. Subscribe to TAS newsletter and get stories delivered to your inbox. Click to get started.
