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Lifetime Residency in Oman
Exploring Oman Residency Options: A Guide for Expats
Oman, a land of breathtaking landscapes and rich cultural heritage, offers a unique and inviting opportunity for expatriates seeking to call this enchanting Gulf nation their home. In this comprehensive guide, we delve into the various residency options available for expats looking to establish roots in Oman.
Types of residency in Oman
1. Employment Residency:
Employment residency in Oman allows foreign nationals to live and work in the country while being sponsored by an Omani employer.
2. Investor Residency:
The IRP offers long-term residency visas, with validity lasting up to 10 years depending on your chosen investment category.
3. Property Residency:
This program grants residency visas that are typically renewable, providing long-term stability for you and your family.
4. Family Joining Residency:
If you’re an expat resident with a valid work visa in Oman, Oman’s family joining residency program allows you to sponsor your family for residence in the country.
5. Retirement Residency:
Oman’s retirement residency program beckons retirees seeking a sunny haven for their golden years.
Oman Investor Residency Programs
Oman offers two distinct Investor Residency Programs, categorized as Tier One and Tier Two.
Tier One
Investment Options
- Make a minimum investment of RO500,000 in a limited liability company, public joint-stock company, or government bonds.
- Purchase a property in the Sultanate valued at RO500,000.
- Establish a company employing a minimum of 50 Omani nationals (specification of company capital not required).
Validity Duration:
- The Tier One Extended Residency permit in Oman is valid for ten (10) years, with the possibility of extension.
Fees:
- To obtain an Oman residence card, the applicant incurs a fee of RO500, and for each first-degree relative, the fee is RO100.
Tier Two:
Investment Options
- Make a minimum investment of RO250,000 in a limited liability company or public joint-stock company.
- Purchase a property in the Sultanate valued at RO250,000.
- Expatriate workers currently residing in Oman who wish to retire in the Sultanate can obtain an Extended Residence permit by providing evidence of a fixed income of no less than 4000 Omani Riyals per month.
Validity Duration:
- Similar to Tier One, the Tier Two Extended Residency permit is valid for ten (10) years, subject to extension.
Fees:
- The fees for obtaining an Oman residence card for Tier Two are RO500 for the applicant and RO100 for each first-degree relative.
Connect with CrossPoint Business Solutions
Looking for a company Residency in Oman? Look no further than Cross Point – the best business setup agency in Oman. Our team of experts can guide you through the entire process, from initial registration to ongoing compliance. Trust us to handle all the legal and administrative details, so you can focus on growing your business. Contact us today to get started!
To book a free consultation, call or WhatsApp on +968 9671 7108. To connect over email, send us your query at info@crosspointtrading.com
