Long-term visas to help investors in Oman

Long-term visas to help investors in Oman

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Muscat: Providing investors with five-and ten-year investor residency visas allows them to stay longer in the country and enables their businesses to grow in the long-term, according to a recent recipient of the long-stay investor visa.

Alternative energy solutions

Yogendra Singh Katiyar, the founder of We Network LLC, a company specialising in telecommunications, IT, and alternative energy solutions, founded his organisation in 2011 in Oman, and has expanded his operations across the Middle East, Southeast Asia, and Indian subcontinent.

“It’s been a great initiative from the government to issue long-term visas for investors,” said Katiyar. “This will help Oman grow economically and make use of technology, blended with the skill and dexterity of capable people. It will also help both socially, and in terms of infrastructure development.

“I hope that Oman’s latest residency programme attracts and promotes qualitative investments that contribute to the growth of the country’s GDP and support its national economy,” he added. “The country seeks to boost localisation of industries, transfer of advanced technologies and modern techniques, and promote economic diversification.

“Once new foreign investment companies set up operations in Oman, a handsome amount of foreign investment comes into the country, and this will create new employment opportunities,” he explained. “We are