Bahrain soon to offer 10 year investor visas to foreigners, following the UAE’s plan. The country will also allow 100% foreign ownership by the end of the year.
The government of Bahrain is working on a draft law to create a new self-sponsored residency visa for foreign investors.
The visa is intended to boost Bahrain’s “position as an investment destination”. It will allow foreign investors to obtain a “10-year renewable residency permit on a self-sponsorship basis”, BNA said.
Bahrain currently offers e-visas for nationals of 114 countries, and each visitor evisa costs $77.
IMF said overall growth of Bahrain is projected at 3.2 percent in 2018. The banking system remains well capitalized and liquid. Fintech presents opportunities for Bahrain.
Bahrain has a population of 1.5 million people as of 2016.
Source: gulfbusiness.com
