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How to Apply For an Investor Visa for Oman

On this page, we will explain how to apply for an investor visa for Oman, the restrictions, the eligibility rules, and how to apply. For expert assistance with your immigration matter, contact Reiss Edwards, immigration lawyers and solicitors in London.

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Tucked away on the southern edge of the Arabian Peninsula, bordering the UAE, Saudi Arabia, and Yemen, Oman has a great deal to offer entrepreneurs and investors from around the world. While it may appear to be a small country, Oman is, in fact, nearly 30% larger than the UK but has a population of only five million. As the oldest independent state in the Arab region, Oman has a rich blend of cultures from east and west and is known for its terraced orchards, fortresses, ancient mosques, rolling sand dunes, and vibrant culture. While it is possible to secure a visa to work in Oman, there are strict restrictions on the professions and sectors in which foreign nationals can be employed. On this page, we will explain how to apply for an investor visa for Oman, the restrictions, the eligibility rules, and how to apply.

The Oman Investor Visa Scheme

The Omani government is keen to encourage inward investment into the country; this is managed by the Ministry of Commerce and Industry. According to the Ministry, “In the context of the Sultanate’s endeavour to encourage the establishment of businesses and attract foreign investments, the Sultanate focuses on its policy of encouraging foreign capital to push the development movement to reduce dependence on oil and diversify sources of national income. The government also amended the tax law in 2000 to create a good investment climate in the Sultanate…The Sultanate also provides many facilities in this regard, such as world-class infrastructure facilities, appropriate corporate taxes, in addition to tax exemption for some institutions, and works to simplify procedures for setting up businesses and ensuring transparent management of companies”.

The Omani investor visa is specifically designed to enable eligible foreign entrepreneurs and investors to base themselves within the Sultanate of Oman to set up and run a business venture. It is also possible for overseas investors to invest in an existing business within Oman (i.e. become a shareholder in an existing Omani company).

The Omani investor visa is typically granted for up to two years and can be renewed prior to expiry. In order to renew an investor visa in Oman, the investor or entrepreneur will still need to meet the eligibility requirements and continue to keep their investment within Oman.

What Is The Omani Investment Residency Programme (IRP)?

The Omani Investment Residency Programme (IRP) is a new initiative that launches in September 2021. The scheme is designed to encourage greater inward investment in the areas of tourism, mining, logistics, agriculture, fisheries, education, health and information technology (IT). One of the main reasons for introducing the IRP is to encourage a greener circular economy within Oman. Those who are eligible under this scheme will be able to secure a renewable long-term five or ten-year residency permit.

Am I Eligible For An Investor Visa For Oman?

The following requirements must be met to secure an investor visa in Oman:

  • The investor or entrepreneur must have approval from Oman’s Ministry of Commerce and Industry. They will want to be satisfied that the applicant is a genuine foreign investor with sufficient and available investment funds. Applicants will also need to provide details on the intended investment – i.e. the amount, type of business/sector, and investment plan.
  • A work permit will also be required from the Omani Ministry of Manpower (MOM)
  • A residency permit must also be secured to invest in Oman

If you are unsure if you are eligible for an investor permit for Oman, speak to a lawyer specialising in Omani immigration policy who will be able to assess this for you.

How Can I Apply For An Investor Visa For Oman?

There are several steps to securing an investor visa for Oman, as follows (this process below assumes you are applying from outside Oman):

  1. Apply for authorisation to invest from the Omani Ministry for Commerce and Industry
  2. Apply for a work permit from the Omani Ministry of Manpower (MOM)
  3. Investor or entrepreneur applies for an entry visa from their nearest Oman embassy/consulate
  4. Investor or entrepreneur applies for a residence permit after arriving in Oman

While there is no specified minimum investment amount, larger investments do stand a greater chance of securing immigration clearance. Investments of at least US$100,000 (around 40,000 Omani Rials) are typically required to make a successful investor visa application in Oman.

What Documents Are Required For An Investor Visa For Oman?

In order to apply for an investor visa for Oman, several documents will be required, these may include:

  • Two passport photos ( 6 x 4cm) of the investor/entrepreneur
  • Copy of applicant’s passport, valid at least six months
  • A copy of the partnership agreement if investing in an existing Omani enterprise
  • If investing in an existing business, a copy of their commercial registration from the Ministry of Commerce and Industry, copy of Oman Chamber of Commerce and Industry membership card
  • A detailed investment plan
  • Evidence of available investment funds
  • The authorisation from the Ministry for Commerce and Industry
  • Work permit issued by the MOM
  • Original and copy of a medical certificate for those coming from India, Pakistan, Bangladesh, Philippines, Indonesia, Sri Lanka, Egypt, Sudan, Ethiopia, Syria and Nepal.
  • Where the foreign employee wants to bring in their spouse, copy of the marriage certificate authenticated by the Oman Ministry of Foreign Affairs.

Can I Extend My Investor Visa In Oman?

Yes, investor visas can be renewed from within Oman prior to their expiry. In order to make a successful renewal application, evidence that the applicant continues to invest in the country will need to be provided.

Investors may also benefit from a new initiative announced by the Omani government, which will allow them to secure either a five or ten-year-long residency permit; see above for details of the new Investment Residency Programme (IRP) for Oman.

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