Oman eases Residency rules to attract overseas investors

Oman has now eased the Residency rules for overseas investors with the aim of attracting them to the nation. Their children will be permitted now to stay with their families. It is as long the investors are in or continue to invest in Oman.

Previously, children of overseas investors in Oman above 21 years of age had to exit Oman. They had to alternatively obtain an Employment Visa to remain in Oman.

One of the senior officials of the Royal Oman Police explained regarding the change in Residency laws for overseas investors. ROP has decided to ease the rules for overseas investors, he said. This is to bring in increased investments and encouraging setting up attractive opportunities for them, added the official.

The rules have been changed by ROP due to demands for the same from investors. This also aims to offer social stability to the investor. They can now bring over their siblings or family regardless of the age under their responsibility.

Inspector-General of Police and Customs Lt Gen Hassan bin Mohsen Al Shraiqi has issued the decision. This amends a few provisions under Foreigners’ Residency Law for their executive regulations, as quoted by the Times of Oman.

Overseas investors to Oman are required to fulfil certain conditions. This is for their spouse working in Oman and kids below 21 years. It is that they are in Oman requested by a local sponsor and are his responsibility.

Additionally, the overseas spouse and kids of the investor are in Oman on his request and are his responsibility. Also, the overseas wife of an Omani national is present in Oman on his request. A certificate is also needed from a competent authority confirming the marriage.

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