Manama — Bahrain has introduced a new permanent residency visa to attract talent and investment as part of a series of economic initiatives within the Economic Recovery Plan.
The Interior Ministry announced Golden Residency Visa on Monday will be renewed indefinitely; and include permission to work in Bahrain with unlimited entry and exit and residency for self and family.
The statement said.”(The golden visa) aims to attract investors, entrepreneurs, and highly talented individuals who can contribute to Bahrain’s ongoing success.”
To qualify for the golden visa, the applicant should have resided in Bahrain for at least five years; has earned an average salary of a minimum of $5,306 (BHD 2000) per month.
Those who own properties above a specific value, retirees, and “highly talented” individuals who meet specific criteria will also qualify.