Bahrain Announced Golden Permanent Residence Visa

Bahrain introduced a new permanent resident visa on Monday to attract talent and investment. This is part of the trend to offer more flexible and long-term visas in the Gulf countries as Bahrain is working to restore its finances amid regional economic competition.
To “boost the economy,” Bahrain has followed in the footsteps of some of the Gulf countries and announced the creation of a long-term golden resident visa for foreigners.

Bahrain, like much of the Gulf region, is recognized as a hub for working expatriates, with more than half of the 1.7 million residents being foreigners. With fluctuations in oil prices, many states in the region are trying to diversify their economies from their reliance on fossil fuels, resulting in mitigation of immigration policies to hire professionals.

According to the Ministry of the Interior, a new visa in Bahrain called the “Golden Residence” is available to those with a salary of 2,000 dinars or more (about $ 5,300) or retirees with a monthly salary of 4,000 dinars.
According to the government, those who own at least 200,000 dinars worth of homes, and those who are “qualified”, are also eligible for Golden Residency.

A visa is eligible for a 10-year stay in the Kingdom and can be extended “indefinitely” if certain conditions are met. “Golden dwellings that are part of the economic recovery strategy”,
, “will help increase Bahrain’s productivity and support development paths,” he added, “attracting talent.”
This idea is comparable to the idea of ​​the United Arab Emirates, which announced the establishment of a 10-year “Golden Residence” for doctors, doctoral students and engineers in late 2020.

The “Green Visa” was introduced in September 2021 and UAE residents can work without a direct visa sponsorship from their employer, as in the case of the local “Kafala” system. Similarly, according to Qatar’s announcement, real estate or business owners will be granted permission to reside in a gas-rich country in Qatar by the end of 2020. In addition, to strengthen the economy, Oman proposed a long-term stay visa for investors in the summer of 2021.

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