The government of Oman will officially roll out its much-anticipated Golden Visa Program on August 31, aimed at boosting foreign investment. Under this initiative, selected investors will be granted long-term residency permits. At the same time, new digital reforms will be introduced into the country’s business framework to streamline operations, positioning Oman as a modern, investment-friendly economy.
According to the Ministry of Commerce, Industry and Investment Promotion, two additional initiatives will also be launched on the same day—the Al Majida Companies Project and the Oman Business Platform. These will allow commercial registrations to be transferred electronically.
The launch ceremony, to be held in Salalah, will be attended by Governor Sayyid Marwan bin Turki Al Said as the chief guest. On this occasion, partnership agreements will be signed with Sultan Qaboos University, the German University of Technology, the Oman Energy Association, and Ibina, with a particular focus on advancing the country’s construction sector.
Mubarak bin Mohammed Al Duhani, Director General of the Ministry’s Planning Department, stated that the Golden Visa and new reforms will bring long-term stability for foreign investors, while also encouraging domestic businesses to expand internationally.
He further noted that digital commercial registration will reduce costs and save time for entrepreneurs, ensure transparency, and transform Oman into a fully digital business environment.
The government sees these initiatives as part of its broader commitment to sustainable development and the creation of a modern economic structure especially through modernization of the construction sector, collaboration with academic institutions, and greater involvement of the private sector to enhance national skills and innovation capacity.
Source: Gulf News