Welcome to Bahrain
Bahrain, a small island in the Persian Gulf and home to pearls, dates, and oil is now offering a new residency program that will make it easier for foreigners to live on the Island. The new program will allow investors to get Bahraini citizenship within a year if they spend over $8 million (BD 3 million) on real estate or businesses in the country.
The new Golden Visa program for investors
Bahrain’s golden visa program was established in 2016 and aims to attract investors from outside of the GCC. Investors are required to buy or build a property worth BHD 100,000 (US$ 250,000) and hold it for at least 2 years. Furthermore, they must have a minimum net worth of US$ 1 million and invest US$ 500K in government-approved bonds or stocks.
An overview of the program
The Bahrain New ‘Golden’ Residency Visa Program is a great new opportunity for people who are interested in living, working, and investing in Bahrain. The residency visa gives the holder the opportunity to establish themselves in Bahrain as part of the community.
Key features of the residency visa include:
- An option to either apply for an individual or family sponsorship
- A way for people to live and work in Bahrain even if they do not have a job
- An option for investors to get residency without having to invest any capital, which is a huge plus for entrepreneurs who need to use their funds for their investment good returns.
The benefits of the Golden Visa Program
Bahrain is one of the most fascinating countries in the region. It is a rich and welcoming destination, with a culture that is unique within the broader Arab world.
Bahrain has a lot to offer, but it also has its share of challenges. Population growth has put a strain on the country’s scarce natural resources and limited physical space. Bahrain needs to attract new residents who can help address these challenges by contributing to the country’s economy and social fabric.
The new ‘Golden’ residency program in Bahrain is one-of-a-kind and extremely attractive for investors, entrepreneurs, self-employed professionals, and ex-pats who are looking for an opportunity to invest in the kingdom. If you’re interested in this program or need assistance with setting up a business or investing in Bahrain, please contact us today. We have highly experienced immigration consultants that will help you determine if this is the right move for your specific situation.