Oman has announced relaxed residency regulations, now offering sponsor-free visas to foreign nationals who own property within the country. Previously, expatriates in Oman were required to be sponsored by a citizen or resident employer. This new policy aims to stimulate the real estate sector and attract foreign investment. The move allows property owners to reside in Oman without the need for employment or a local sponsor, streamlining the process for long-term stays. Details regarding property value thresholds and specific visa durations have not been fully disclosed, but the initiative is expected to boost the economy. Officials anticipate increased demand for Omani real estate from international buyers. The change aligns with broader government efforts to diversify the economy and promote foreign direct investment beyond the oil sector.
