Bahrain Golden Residency Visa. The Bahrain Golden Residency Visa, introduced in 2022, is a long-term residency initiative designed to attract foreign investors, highly skilled professionals, retirees, and talented individuals. With a renewable 10-year residency permit, this visa allows holders to live, work, and sponsor family members in Bahrain, contributing to the country’s economic growth and talent pool. In this article we golden residence visa all of the following here.
What is Bahrain Golden Residency Visa
The Bahrain Golden Residency Visa is a long-term residency program launched by the Bahraini government in 2022 to attract foreign investors, retirees, and highly talented individuals. It offers a renewable 10-year residency permit, granting holders the right to live, work, and sponsor family members in Bahrain. The visa is part of Bahrain’s broader strategy to boost its economy by encouraging foreign investments and attracting skilled professionals.
Bahrain Golden Residency Visa Service Conditions
- Applicants must be retired citizens of the Kingdom of Bahrain or from any other country worldwide earning a basic minimum pension income of BD 4,000, or
- The applicant has one or more properties in Bahrain whose total value is at least BD 200,000 since the properties were purchased, or a combination of both!
- If the applicant is recognized as a talented individual by a government agency or a counterpart,
- The applicant must be employed in Bahrain for at least five years with an average salary exceeding BD 2,000 over the past five years, or have been resident in Bahrain for at least five years with an average salary exceeding BD 2,000.
- Applicants must be retired foreigners with over 15 years of government or private sector experience and an average retirement pension exceeding BD 2,000 in the past five years
- Valid health insurance is held by the applicant at the time of residence permit issuance.
Read also: Bahrain Family Visa – Dependants Residency Permit
Bahrain Golden Residency Visa requirement
Here are some requirements of Bahrain Golden Residency Visa:
For a Retired Foreigner
- A clear copy of the passport valid for more than six months. (The page family information or any additional information should be attached).
- ID card copy in clear print.
- In Bahrain, a copy of a valid health insurance certificate is required.
- A clear copy of the applicant’s basic salary proof, if the salary is above BD 4000.
- Copy of the previous residency permit (if available).
- A copy of the applicant’s bank statement for the past six months.
- A medical report indicating the applicant has no contiguous diseases (less than 3 months from the date of application).
Read Also: Bahrain Business Visa and Requirement
For a Foreigner who owns properties in Bahrain
- A clear copy of a passport valid for more than six months. (Adhere the family information or any other information).
- ID card in clear copy.
- Proof that the properties owned by the foreigner in his name are worth more than BD 200,000 via a copy of the title deed.
- A copy of a valid Bahrain health insurance certificate.
- A copy of the applicant’s bank statement for the past six months.
- For new applications, a copy of the previous residence must be provided. (If applicable).
- A medical report showing that the applicant is free of contagious diseases (less than 3 months from the date of application)
For a Foreigner with talent
- Passports valid for over 6 months must be presented in a clear copy. (Attach the family information page or any additional information).
- A copy of the applicant’s gifted certificate (for academics, athletes, entrepreneurs, inventors, award-winning artists and authors).
- In Bahrain, a copy of a valid health insurance certificate is required.
- A copy of the applicant’s bank statement for the past six months.
- A medical report indicating the applicant is free of contiguous diseases (less than 3 months from the date of application)
- The ID card (if applicable) in a clear copy
- Please provide a clear copy of your previous residence permit (if applicable)
- A Bahraini business incubator’s approval (for Entrepreneurs only)
- A PhD certificate (for academics only)
- Higher education degree in a priority specialization (academics only) determined by the Higher Education Council
- Obtain a copy of the patent document (available only to patent owners)
For Resident Foreigner (Employee or Retired)
- A clear copy of a passport valid for more than six months. (Copy of family information or other additional information).
- ID card in clear copy.
- Proof of retirement certificate in clear copy.
- If the applicant’s basic salary is BD 2000 or more in the past five years of residence, please provide a copy of the proof.
- A copy of the applicant’s bank statement for the past six months
- A copy of a valid Bahrain health insurance certificate.
Bahrain Golden Residency Visa Online Apply
Follow some application steps:
- You can submit an application online of the lmra.
- Review of documents is conducted
- The final approval has been granted
- Fees must be paid
- A residency certificate is issued
Bahrain Golden Residency Visa Application Form
Bahrain Golden Residency Visa fee
Here some Fee of golden residency Visa:
- Application fee (non-refundable) (per person): 5BD
- Residency issuance fee (per person): 300BD
Bahrain Golden Residency Visa Check status
Visit to the official website Bahrain Golden Residency Visa Check status below the link:
Bahrain Golden Residency Visa Processing time
Bahrain Golden Residency visa Processing time of Working Days: 10 Working Days
Bahrain Golden Residency Visa Validity
A golden visa’s extended validity period is its most appealing feature. The Golden Visa offers a 10-year residency permit, compared to standard residency visas.
Who Can Apply For Golden Residency Visa?
The Golden Visa is a long-term residency permit that allows foreign professionals to live, work, or study in the UAE while receiving special privileges. This visa is available to investors, entrepreneurs, scientists, exceptional students and graduates, humanitarian leaders, and frontline workers.
What is Bahrain Golden Residency Visa Programme
The Golden Visa is an international visa program that allows individuals to apply for permanent residency in a streamlined manner. A legal document granting foreigners long-term residency for up to ten years is issued.
Bahrain employment visas are the most common. Employees are sponsored by their employers and receive two or three years residency. However, the Bahrain Golden Visa offers residency for 10 years.
What is the purpose of the Bahrain golden visa?
Bahrain has announced the launch of the golden visa in order to attract investment, talent, and boost the economy while rewarding existing residents.
Bahrain Golden Residency Visa Benefit
- Bahrain offers permanent residence opportunities.
- Provides Golden Residencies to family members, including spouses, children, and parents.
- Provides employment opportunities in the Kingdom of Bahrain.
- Allows multiple entries to Bahrain without restriction.
Bahrain Golden Residency Visa rule
Here are some Rules:
- Earned a minimum average basic salary of BHD 2,000 ($5,305) per month over the past five years.
- Own one or more properties in Bahrain with a total value of at least BHD 200,000 ($530,000).
- Retirees must have a monthly income of BHD 4,000 ($10,610) or more.
Who can apply for the Bahrain Golden Visa?
There is an eligibility requirement for Golden Residency Visas for both residents and non-residents.
For Existing Residents
Residents must have lived continuously in Bahrain for at least five years
For residents and non–residents
- The average basic salary earned over the five years was BHD 2,000 ($5,305).
- Own one or more properties in Bahrain that are worth at least BHD200,000 ($530,000), or are retired and receive at least BD 4,000 per month in income.
- Individuals with high levels of talent who meet relevant requirements
- The visa holder must remain in Bahrain for 90 days a year in order to keep their visa valid.
Advantages of the Bahrain Golden Residency Visa
Follow some steps of Advantages of the Bahrain Golden Residency Visa:
- Economic Opportunities: Bahrain offers a favorable business environment with a 30% lower cost of living compared to other Gulf countries, making it an attractive destination for investors and entrepreneurs.
- Quality of Life: Residents have access to world-class healthcare, education, and modern infrastructure, enhancing the overall quality of life.
- Strategic Location: Bahrain’s location in the Gulf region provides easy access to other GCC countries, facilitating regional business and travel.
- Tax Benefits: Bahrain offers tax-free salaries and other employee benefits, contributing to a favorable financial environment for residents.
Disadvantages of the Bahrain Golden Residency Visa
Follow some simple steps of Disadvantages of the Bahrain Golden Residency Visa:
- Minimum Stay Requirement: Applicants must reside in Bahrain for at least 90 days per year to maintain the validity of their visa.
- Property Investment Requirement: For property investors, the minimum investment amount of BHD 200,000 may be a significant financial commitment.
- Eligibility Criteria: Meeting the specific eligibility criteria, such as the required income levels or property investments, may be challenging for some individuals.
Key Features of the Bahrain Golden Residency Visa
Follow some steps of Key Features of the Bahrain Golden Residency Visa:
- Long-Term Residency: Holders receive a 10-year renewable residency permit, offering stability and security for individuals and their families.
- Right to Work: The visa grants the right to work in Bahrain, facilitating employment opportunities across various sectors.
- Family Inclusion: Applicants can sponsor residency for close family members, including spouses, children, and parents.
- Multiple Entries: Visa holders can enter and exit Bahrain without restrictions, providing flexibility for travel and business engagements.
- Renewable Indefinitely: The residency permit can be renewed indefinitely, provided the holder continues to meet the eligibility criteria.
FAQs About Bahrain Residency Visa
What are the benefits of the Bahrain Golden Residency Visa?
Ans: The Bahrain Golden Residency Visa offers permanent residency for foreigners and their families, including spouses, children, and parents. It allows holders to work in Bahrain, access multiple-entry privileges, and provides opportunities for investment and employment within the kingdom.
What are the eligibility criteria for the Bahrain Golden Residency Visa?
Ans: Applicants can qualify based on different criteria, such as being a retiree with a monthly income of BHD 4,000 or more, owning properties worth over BHD 200,000, or having worked in Bahrain for at least five years with an average salary of BHD 2,000 or more. Talented individuals recognized by government agencies are also eligible.
How can I apply for the Bahrain Golden Residency Visa?
Ans: Applications for the Bahrain Golden Residency Visa can be submitted online. The process includes document submission, review, and final approval, followed by the payment of applicable fees. Upon approval, a residency certificate is issued, granting the holder a 10-year residency in Bahrain.
Conclusion
The Bahrain Golden Residency Visa is a highly attractive option for foreign nationals looking for long-term residency in Bahrain. With benefits such as permanent residence, family sponsorship, and the opportunity to work and invest in the country, this visa is ideal for investors, retirees, and skilled professionals looking to make Bahrain their home.