Oman to grant foreign investors 10-year residency

Austerity measures unveiled last year are seen as crucial for maintaining the country’s ability to access international debt markets. (Social media)

The program will be open for applications from September. (Reuters)

• Program is open to foreign retirees

RIYADH: Oman has announced a new program under which foreign investors are granted long-term residency, Asharq reported citing a statement by the Ministry of Commerce, Industry and Investment Promotion.

The Investor Residence program will be for a period of five to 10 years, subject to renewal, and is open to foreign retirees, the ministry said.

The program, starting in September, aims to attract quality investments according to clear and specific controls.