Bahrain announces Golden Residency Visa

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain has today announced the introduction of Golden Residency Visas for residents and non-residents who qualify. The Golden Residency Visa aims to attract and retain residents, foreign investors, and highly-talented individuals.

Golden Residency Visa holders will see their visas renewed indefinitely, provided they continue to meet the qualifying criteria. Those in receipt of residency will receive a raft of benefits, including; multiple entry and exit from the Kingdom of Bahrain without restriction, residency for close family members, and the right to work in Bahrain.

The announcement comes amidst a series of economic reforms and initiatives that The Government of Bahrain has implemented, such as the Economic Recovery Plan, to enhance the economy’s long-term competitiveness.

Golden Residency Visas:

To qualify for the Golden Residency Visa, existing residents must have resided in Bahrain continuously for at least five years and earned an average basic salary of no less than BHD 2,000 per month throughout the five-year period. The long-term residence permit may be renewed indefinitely provided the candidate continues to meet the qualifying criteria.

In addition, the Golden Residency Visa will be issued on an immediate basis to applicants (whether resident or non-resident) who meet the following criteria:

•          Own one or more properties in Bahrain, valued no less than BHD 200,000, or

•          Retirees with an income of BHD 4,000 per month or more

•          Be ‘highly- talented’ individuals who meet the relevant requirements.

•          Must be present in the Kingdom of Bahrain for 90 days a year, to ensure their visa continues to be valid