Latest / IMI Podcasts / Bahrain Slashes Golden Residency Threshold by 35% to US$345,000
Transcript
- 0:00SPEAKER_00: Bahrain has cut the minimum real estate investment for its golden residency to 130,000 Bahraini dinars, or 345,000 US dollars, down from 200,000 Bahraini dinars or 530,555 US dollars.
- 0:19SPEAKER_00: The nationality, passports, and residence affairs, referred to as NPRA at the Ministry of Interior, announced.
- 0:28SPEAKER_00: The change slashes the property-based route to long-term residency by 35%.
- 0:34SPEAKER_00: Officials positioned the move as part of a strategy to strengthen Bahrain's appeal as a hub for long-term residency, business, and investment.
- 0:43SPEAKER_00: Sheikh Hisham bin Abdulrahman al-Khalifa, Under Secretary for NPRA, said the step demonstrates the government's commitment to foster an enabling environment for investors seeking stability in the Gulf region, adding that lowering the threshold will boost the program's competitiveness while preserving its standards and exclusivity.
- 1:04SPEAKER_00: Bahrain's new threshold undercuts Oman and Saudi Arabia, but still sits above the UAE Golden Visa property route.
- 1:12SPEAKER_00: The new threshold positions Bahrain competitively within the GCC's investor residency landscape.
- 1:18SPEAKER_00: The UAE Golden Visa now offers the lowest entry point in the GCC, at 500,000 Emirati Durams, or 136,000 US dollars, for the property route.
- 1:31SPEAKER_00: Bahrain, at 130,000 Bahraini dinars, or 345,000 US dollars, now has the second lowest threshold.
- 1:42SPEAKER_00: Oman's investor residency requires an investment of 200,000 rials, or 520,000 US dollars in real estate.
- 1:52SPEAKER_00: Saudi Arabia Premium Residency maintains the highest threshold at 4 million Saudi reals, or 1.1 million US dollars, in business or real estate.
- 2:03SPEAKER_00: Kuwait recently became the latest GCC monarchy to launch a golden visa program, though authorities have yet to set a minimum investment requirements.
- 2:13SPEAKER_00: As such, Bahrain's updated pricing places it in the region's lower to mid-tier pricing.
- 2:19SPEAKER_00: The Golden Residency extends to property owners who meet the revised threshold and to individuals under several established categories.
- 2:28SPEAKER_00: These include professionals who have worked in Bahrain for at least five years with an average monthly salary above 2,000 Bahraini dinars or$5,306.
- 2:42SPEAKER_00: Retirees with at least 15 years of service in Bahrain and pensions of 2,000 Bahraini dinars or 5,306 US dollars or more.
- 2:53SPEAKER_00: Non-resident retirees with average monthly pensions above 4,000 Bahraini dinars or 10,624 US dollars.
- 3:03SPEAKER_00: The program also covers entrepreneurs, highly skilled professionals, and individuals who make significant contributions to the national economy or society.
- 3:13SPEAKER_00: Golden residency status grants long-term residency, multiple entry privileges, the ability to sponsor family members, and streamlined pathways for business establishment.
- 3:24SPEAKER_00: Bahrain, like most GCC countries aside from Oman, levies no personal income tax, and its residency provides visa-free access to all six countries in the block.
- 3:37SPEAKER_00: This episode first appeared as an article by Mustafa Daily on IMIDaily.com.
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