The Inspector-General of Police and Customs has issued a decision 234/2021 amending some provisions of the Executive Regulations of the Foreigners Residence Law.
As per the decision, the investor visa is granted to a foreigner who wishes to invest his money in the country, based on an approval issued by the competent authority.
A Residency visa will be granted to the foreigner's spouse investing in the Sultanate and his first-degree relatives upon his request and under his responsibility, in accordance with the controls set by the competent authority.
The competent authority may convert the visas stipulated in this article to any type of visa followed by residency if its conditions are met, and in accordance with the regulations set by the competent authority and after payment of the prescribed fees.
The decision states that those who obtain an investor and the residency visa, in accordance with the regulations set by the director-general, are excluded from the age requirement.
The residency of a foreigner who owns a real estate unit in a complex shall expire if he decides to dispose of that unit or legally transfer the ownership.
Accordingly, the residency of his wife, children, and relatives accompanying the investor will also be terminated automatically.
The fees:
Investor's visa for ten years - RO500 (every 3 years)
Investor's visa for five years RO 300 (every 3 years)
A new paragraph is to be added to Clause (5) “Multiple Trip Visa” of Article (10) of the Regulations.
The Multiple visit visa will be granted to the wife and the children of the investor, which will be valid for a period not exceeding one year, subject to extension of a similar period based on the approval of the competent authority. The visa holder can reside in the country for a period not exceeding three months each time.
The visit or entry visa for ten years – RO 100 (every 3 years)
The visit or entry visa for five years – RO 50 (every 3 years)
Oman Observer is now on the WhatsApp channel. Click here
