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Oman launches long-term residence visas for investors

Khaleej Times logo Khaleej Times 23/06/2021 Reuters
a group of people walking on a bridge over a body of water: Oman launches long-term residence visas for investors © Provided by Khaleej Times Oman launches long-term residence visas for investors

Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday.

The move to offer renewable 5- or 10-year residency visas echoes moves by the UAE in recent years to offer longer-term residencies 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 added.

Expatriates make up around 42 per cent of Oman's population, government data from 2020 showed. The country has a long-standing workforce nationalisation policy, known as Omanisation, to create employment opportunities for its citizens.

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