Bahrain Reduces Golden Residency Costs for Foreign Nationals

Post by : Mara Rahim

In a significant development, the Kingdom of Bahrain has announced a reduction in the costs associated with its Golden Residency program, now slashed by 35% to attract foreign nationals. This strategic move is designed to enhance Bahrain's status as a desirable location for investments and long-term residency.

The Nationality, Passports, and Residence Affairs (NPRA) under the Ministry of Interior has revised the minimum real estate investment for the Golden Residency from 530,555 BHD (USD 200,000) to 130,000 BHD (USD 345,000). Individuals owning properties valued at this new price threshold can now apply for the prestigious Golden Residency Visa, which grants various long-term benefits within the Kingdom.

This residency program is open to more than just property owners. Individuals who have been employed in Bahrain for at least five years and earn over 2,000 BHD (USD 5,306) monthly can also apply. Additionally, retirees who have worked for a minimum of 15 years with a pension of at least 2,000 BHD or non-resident retirees with a pension of over 4,000 BHD (USD 10,624) are eligible.

Moreover, the Golden Residency is also available to talented professionals, such as entrepreneurs and skilled workers who contribute significantly to Bahrain’s economy and society. The program facilitates long-term residency, business establishment, multiple-entry privileges, and family sponsorship options, extending to spouses, children, and parents.

One of the primary benefits of the Bahrain Golden Visa is the provision of permanent residency without expiration. Residents enjoy the freedom to live, work, and travel throughout the Kingdom while benefiting from Bahrain’s 100% business ownership rights granted to expatriates. The nation is characterized by affordable housing, a secure environment, and a highly developed digital infrastructure, alongside a streamlined online visa application process.

The application process for the Golden Residency Visa is overseen by the Nationality, Passports, and Residence Affairs. Applicants are required to submit documents such as a passport, proof of residency, a six-month bank statement, and valid health insurance coverage in Bahrain. The non-refundable application fee is 5 BHD per person, with an additional residency issuance fee of 300 BHD.

Authorities believe that the cost reduction for the Golden Residency will spur demand for premium properties while maintaining high standards for the program. This initiative is part of a wider national strategy to establish Bahrain as a prominent hub for investment and long-term residency.

By easing financial requirements, Bahrain is actively incentivizing foreign investors, skilled workers, retirees, and entrepreneurs to establish roots in the Kingdom. With these adjustments, the Golden Residency program offers improved accessibility, better benefits, and expanded opportunities for those seeking to thrive in Bahrain's flourishing economy.