Bahrain announces Golden Residency (permanent residency) visa. Sudheer Thirunilath explains the proposed permanent residence visa and the prospective beneficiaries. Sudheer Thirunilath is the Executive Secretary to HE Sh Khalid Hamad R Al-Khalifa. He is also the Country Head of Pravasi Legal Cell and Indian Diaspora Ambassador to Bahrain.
Thirunilath has welcomed this initiative of the Government of Bahrain, to offer permanent residence to some foreigners. According to him many would benefit and in fact people are eagerly awaiting as this would ease out numerous challenges faced by the expats.
Bahrain’s cabinet approved plans to offer permanent residence to some foreigners and their families as part of the Gulf nation’s plans to bolster its economy. The visa “will help enhance the competitiveness of the Kingdom of Bahrain and support the development of various sectors, such as economic, investment and services,” state-run Bahrain News Agency (BNA) reported.
Thirunilath explained, that in order to qualify for the visa, a person must have resided in Bahrain for at least 5 years. The Golden Residency Visa, announced by the Interior Ministry, will be renewed indefinitely, include the right to work in Bahrain, unlimited entry and exit, and residency for close family members. The visa also benefits mutually Bahrain and investors, entrepreneurs, and highly talented individuals who can contribute to Bahrain’s ongoing success.
“Residency can be granted to employees who have lived more than five years in the Kingdom and earned an average monthly salary of at least 2,000 dinars. Applicants must own property valued at no less than 200,000 dinars and retirees should have an average monthly salary of 4,000 dinars or above. Recipients of permanent residency must spend at least 90 days in Bahrain annually.” Thirunilath said.
This is indeed a great acknowledgment for the Indian Diaspora’s contributions. They are the ones who may benefit most as well.