Bahrain on Monday announced a 10-year Golden Residency Visa to boost investments and attract global talents. This follows a trend in the Gulf states to offer more flexible and longer-duration visas amid regional economic competition. Applicants must have resided in Bahrain continuously for at least five years and have an average monthly salary throughout that five-year period of at least 2,000 Bahraini dinars ($5,306). They must own one or more properties in Bahrain worth at least 200,000 Bahraini dinars ($530,600) or have a retirement income of 4,000 Bahraini dinars ($10,600) per month or be certified as “highly-talented,” and must be present in Bahrain for at least 90 days per year. “The new Golden Residency Visa will help foreign investors and long-term residents, and further contribute to the national economy,” said Nationality, Passports and Residence Affairs Undersecretary Hisham bin Abdulrahman Al Khalifa.
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