Bahrain reduces minimum Golden Visa investment limit to attract more foreign residents
Bahrain has reduced its Golden Residency Visa real estate investment to BHD 130,000. This move aims to attract more foreign investors. The visa offers a 10-year renewable residency with work and family benefits. This change is expected to boost pr...
By ET Online |
Agencies
Bahrain has lowered the minimum real estate investment required for its Golden Residency Visa to BHD 130,000, down from BHD 200,000. The considerably reduced threshold aims to make the visa more accessible to foreign investors. The visa, introduced in 2022, offers a 10-year renewable residence with work rights and family reunification. The Nationality, Passports and Residence Affairs (NPRA) said the latest change is expected to support real estate demand and strengthen the kingdom’s appeal as a long-term residency and business hub.
According to a Gulf News report, the NPRA announced the revised criteria as part of Bahrain’s plan to enhance its competitiveness in the Gulf. Shaikh Hisham bin Abdulrahman Al Khalifa, Undersecretary for NPRA, said the move reflects the government’s commitment to a stable environment for long-term investors. “Lowering the threshold will boost the program’s competitiveness while preserving its standards and exclusivity,” he said.
Applicants must submit a valid passport, six months of bank statements, health insurance, and proof of residence through the NPRA portal. Fees include BHD 5 for the application and BHD 300 for visa issuance.
According to a Gulf News report, the NPRA announced the revised criteria as part of Bahrain’s plan to enhance its competitiveness in the Gulf. Shaikh Hisham bin Abdulrahman Al Khalifa, Undersecretary for NPRA, said the move reflects the government’s commitment to a stable environment for long-term investors. “Lowering the threshold will boost the program’s competitiveness while preserving its standards and exclusivity,” he said.
The long-awaited unified tourist visa for Gulf Cooperation Council (GCC) countries has been formally approved and will be launched soon. The visa, inspired by the European Schengen model, will let travellers to move across GCC nations under a single travel document.
Here are the countries you can visit, and a complete travel itinerary for each.
Who qualifies for the visa
The Golden Residency Visa is open to property investors meeting the revised threshold, professionals earning at least BHD 2,000 per month with five years of service in Bahrain, retirees with pensions above BHD 2,000, non-resident retirees with pensions over BHD 4,000, entrepreneurs, highly skilled professionals, and contributors to the national economy or society.Benefits and application process
Golden Visa holders receive lifetime residency, flexibility to work, unlimited entry, full business ownership, and family sponsorship privileges.Applicants must submit a valid passport, six months of bank statements, health insurance, and proof of residence through the NPRA portal. Fees include BHD 5 for the application and BHD 300 for visa issuance.
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