The Omani government has described this initiative as a historic step aimed at transforming the Sultanate into an attractive global hub for investors while accelerating the process of digital reforms in the national economy.

According to reports from Gulf News, this scheme is being introduced under the Ministry of Commerce, Industry, and Investment Promotion and is linked with Al-Majidah Companies to support businesses that demonstrate outstanding performance and play a central role in Oman’s economy.

Meanwhile, Oman will also provide electronic transfer services for business registrations through the Oman Business Platform. Thia system will enhance transparency and save time as well as costs for investors and businesses

The special event to launch the scheme will be held in Salalah, where several important agreements will be signed. These include collaborations with Sultan Qaboos University, the German University of Technology, Oman Energy Association, and Ibnaa.

According to the Ministry’s Director General, the Golden Visa and related reforms will provide investors with long-term stability while opening new avenues for growth in the Omani market.

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The Sultanate will be lead to a fully digital trade environment through these reforms it will also provide both local and foreign investors will get equal opportunities.

Experts believe Oman’s move aligns with similar initiatives in the region, such as in the UAE and Saudi Arabia, where long-term residency rights and incentives have already been introduced to attract foreign investors.