Bahrain launches ‘golden’ residency visa to attract talent

The announcement comes on Monday amid a series of economic reforms and initiatives the Bahraini government has implemented

Manama: Bahrain has announced a 10-year golden residency visa to boost investments and attract global talents.

The announcement comes on Monday amid a series of economic reforms and initiatives the Bahraini government has implemented, such as the Economic Recovery Plan, to enhance the kingdom’s long-term competitiveness, Xinhua news agency reported.

“The new Golden Residency Visa will help foreign investors and long-term residents, and further contribute to the national economy,” said Nationality, Passports and Residence Affairs Undersecretary, Hisham bin Abdulrahman Al Khalifa.

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Qualified applicants must have resided in Bahrain continuously for at least five years with a basic average salary of no fewer than 2,000 Bahraini Dinars ($5,306) per month throughout the five-year period.

Other criteria include: owning one or more properties in Bahrain valued no less than 200,000 Bahraini Dinars, or an income of 4,000 Bahraini Dinars per month as a retiree, or being certified as “highly-talented”.

The applicants must be present in Bahrain for 90 days per year to ensure the validity of their visas.

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