Muscat: The Ministry of Commerce, Industry and Investment Promotion has announced that 463 foreign investors have been issued long-stay visas in Oman so far. The project is aimed at attracting foreign investors to Oman.
In Oman, people from all over the world, including Malayalees, have already accepted long-term residency cards. Applications for long-term residence permits have been accepted through the ministry’s portal since October 3. The project aims to increase investment in a way that contributes to the growth of Oman’s GDP.
The long-term residence permit will consider leading investors who will make significant strides in creating more jobs in Oman, creating more opportunities for local products, strengthening Oman’s economic structure and ensuring investment quality. Long-term residency cards are issued for a period of five to ten years.