The Kingdom of Bahrain has unveiled a significant decrease in the fees associated with its Golden Residency program, now 35% lower for foreign investors. This adjustment aims to position Bahrain as a premier spot for investments, business engagements, and extended residency.
The Nationality, Passports, and Residence Affairs (NPRA) within the Ministry of Interior has revised the minimum real estate investment threshold from 530,555 BHD (USD 200,000) to just 130,000 BHD (USD 345,000) for the Golden Residency. Owners of properties worth 130,000 BHD or more can now apply for the esteemed Golden Residency Visa, offering long-term residency along with various benefits in the Kingdom.
Apart from property owners, the program welcomes individuals who have spent a minimum of five years working in Bahrain with a monthly income exceeding 2,000 BHD (USD 5,306). Retirees qualify if they have worked for at least 15 years with a pension of no less than 2,000 BHD, or if non-resident retirees receive a monthly pension surpassing 4,000 BHD (USD 10,624).
Moreover, talented individuals such as entrepreneurs and specialized professionals, or those contributing significantly to the economy or society, can also attain the Golden Residency. This program grants holders long-term residency, ease of entrepreneurial pursuits, multiple-entry allowances, and the ability to sponsor family members like spouses, children, and parents.
One of the standout features of the Bahrain Golden Visa is that it offers permanent residency without restrictions. Residents enjoy the freedom to live, work, and travel across the Kingdom while benefitting from 100% ownership rights for expatriates in businesses. Bahrain prides itself on affordable housing, a safe atmosphere, high digital connectivity, and a streamlined visa application managed via comprehensive online governmental services.
The application procedure for the Golden Residency Visa is overseen by the Nationality, Passports, and Residence Affairs. Necessary documents include a passport, proof of prior residency, a recent six-month bank statement, and a valid health insurance certificate within Bahrain. The application fee is a non-refundable 5 BHD per person, with a residency issuance fee of 300 BHD.
Officials are optimistic that this price reduction will stimulate demand for premium properties while maintaining high-quality standards for the program. This initiative is part of a broader national effort to establish Bahrain as a key regional hub for investment, commerce, and extended residency.
By lowering financial hurdles, Bahrain aims to attract more foreign investors, skilled professionals, retirees, and entrepreneurs, facilitating their transition to life in the Kingdom. The Golden Residency program now promises greater accessibility, enhanced benefits, and exciting opportunities for those eager to engage with Bahrain’s vibrant economy.
