Good news for foreign investors. Oman will start granting long-term residence visas to them.
The move to offer renewable 5- or 10-year residency visas echoes moves by neighbour the United Arab Emirates in recent years to offer longer-term residencies and recently, even citizenships, to investors and certain professionals.
Oman’s initiative, effective from September, grants foreign investors and retirees the right to reside for long periods in the sultanate, the ministry said.
According to Reuters, expatriates make up around 42% of Oman’s population, government data from 2020 showed. The country has a long-standing workforce nationalization policy, known as Omanisation, to create employment opportunities for its citizens.