Kingdom of Bahrain has significantly reduced the price of its Golden Residency program. The Kingdom of Bahrain’s Golden Residency is now 35% less costly for foreign nationals.
In a move aimed at enhancing the Kingdom of Bahrain’s appeal as a premier investment destination, the Nationality, Passports and Residence Affairs (NPRA) at the Ministry of Interior has announced a reduction in the minimum real estate investment required to obtain the Golden Residency from 530,555 (BHD 200,000) to USD 345,000 (BHD 130,000).
Real estate owners holding a property in Bahrain with a total value of not less than 130,000 Bahraini Dinars can now apply for the Golden Residency Visa.
Golden Residency Program
Under the current program, the Golden Residency is granted to property owners and those who have worked in Bahrain for at least five years with an average monthly salary exceeding BHD 2,000 (USD 5,306).
The scheme also applies to retirees who have worked in Bahrain for a minimum of 15 years and receive an average monthly pension of at least BHD 2,000, as well as non-resident retirees with an average monthly pension exceeding BHD 4,000 (USD 10,624).
The Golden Residency is additionally offered to talented individuals such as entrepreneurs, highly skilled professionals, and those who make significant contributions to the national economy or society.
The Golden Residency provides holders with long-term residency, ease of establishing businesses, multiple-entry privileges, and the ability to sponsor family members.
Bahrain’s Golden Residency Visa
Bahrain’s Golden Residency Visa is for lifetime as its permanent residency comes with no time limit for foreigners, including family members such as spouses, children, and parents. The visa allows for multiple entries into the Kingdom of Bahrain without restriction. For those looking for jobs, Bahrain’s Golden Visa allows employment throughout the Kingdom of Bahrain.
Bahrain provides expatriates the ability for 100% business ownership. The Kingdom offers affordable housing, a streamlined visa process, and a secure environment for expatriates, with a high level of digital readiness and extensive online government services.
How to apply
The Nationality, Passports and Residence Affairs looks at the issuance of the Golden Residency Visa in the Kingdom of Bahrain. To apply for the Bahrain Golden Visa, one has to visit the official government website.
The documentation for issuing the Golden Residency Visa in Bahrain includes a Passport, Proof of previous residence, the latest six-month bank statement and a valid health insurance certificate in Bahrain.
The non-refundable per-person Application Fee is 5 Bahraini Dinars and the Residency Issuance Fee per person is 300 Bahraini Dinars.
The decision to cut the cost of Golden Residency visa is expected to boost demand for high-end properties, while maintaining the high standards of the Golden Residency Program, which forms a broader national strategy to position Bahrain as a regional hub for long-term residency, business, and investment.
