Nov. 25, Manama (BNA): The minimum real estate investment needed for the Golden Residency has been lowered from BHD 200,000 to BHD 130,000, according to the Ministry of Interior’s Nationality, Passports and Residence Affairs (NPRA). As part of a larger national strategy to strengthen Bahrain’s appeal as a regional hub for long-term residency, business, and investment, the move is anticipated to raise demand for upscale properties in a competitive market while upholding the high standards of the Golden Residency Program.
Bahrain lowers minimum real estate investment for Golden Residency to BHD 130,000
The Kingdom of Bahrain hopes to boost the real estate industry and make Bahrain’s high living standards and alluring real estate market more accessible to a larger group of foreign investors by decreasing the investment requirement. The move is in line with state initiatives to encourage sustainable investment, boost economic expansion, and draw in foreign professionals looking for stability and prospects in the GCC.
The statement, which highlights Bahrain’s contribution in fostering a vibrant regional and local real estate market marked by innovation and sustainable wealth creation, comes at the same time as the Kingdom hosts the Cityscape exhibition.
Undersecretary for NPRA Shaikh Hisham bin Abdulrahman Al Khalifa emphasized the significance of this move, pointing out that lowering the requirements for real estate investments shows the Kingdom’s dedication to creating a favorable environment for foreign investors looking for stability and long-term prospects in the area. The move, he noted, makes the Golden Residency Program more competitive while maintaining its uniqueness and guaranteeing that it will continue to draw in foreign investment.
Property owners and individuals who fulfill the necessary requirements are given Golden Residency under the existing program. These include retirees who have worked in Bahrain for at least 15 years and receive an average monthly pension of BHD 2,000 or more; professionals who have worked in the Kingdom for at least five years with an average monthly salary exceeding BHD 2,000 (USD 5,306) during the previous five years; and non-residents with an average monthly pension exceeding BHD 4,000 (USD 10,624).
Talented people who contribute significantly to Bahraini society or the country’s economy, including entrepreneurs and highly trained professionals, are also awarded the Golden Residency.
Long-term residency, ease of starting a business, multiple-entry privileges, and the option to sponsor family members are all benefits of the Golden Residency.
The revised threshold strengthens the Kingdom’s standing as one of the most open, adaptable, and alluring investment destinations in the region, solidifying its attractiveness to high-net-worth people and professionals looking for a friendly atmosphere and a high standard of living.
Visit the official website at http://www.goldenresidency.gov.bh for more details about the Golden Residency Program, including qualifying requirements and benefits.
