Bahrain on Monday introduced a new permanent residency visa to attract talent and investment, part of a trend in Gulf states to offer more flexible and longer-duration visas amid regional economic competition and as Bahrain works to fix its finances.
Foreigners in Gulf states have traditionally had renewable visas valid for just a few years tied to employment, limiting their stay.
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." is aimed at attracting investors, entrepreneurs, and highly talented individuals who can contribute to Bahrain's ongoing success," the statement said.
The move is part of measures the small Gulf state is taking to resolve its heavily indebted finances. In October, it announced a new economic growth and fiscal balance plan, including major infrastructure projects.To qualify for the visa, a person must have resided in Bahrain for at least five years and earned an average salary of at least BHD 2000 per month.
Those who own properties above a certain value, and retirees and "highly talented" individuals who meet certain criteria will also qualify. Gulf neighbour and regional tourism and business hub the United Arab Emirates has, over the past couple of years, introduced longer-duration and more varied visas, and the chance to be granted Emirati citizenship, in a bid to retain professionals and their families.Reporting by Lisa Barrington; Editing by Jon Boyle and Bernadette BaumSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Forget Football, It’s Monday Night Books!Thomas Beard, the founder of the venue Light Industry, realized that he had too many books, so he opened a once-a-week pop-up shop consisting entirely of his personal stash of Faulkner, Elizabeth Hardwick, and “A Social History of Ice and Ices.”
Lire la suite »
Monday trial opening set for Ald. Patrick Daley Thompson, the only Daley to face federal chargesThe list of political heavyweights to face criminal prosecution at Chicago’s federal courthouse is dismally long and peppered with names such as Ryan, Blagojevich, Cellini, Vrdolyak, and Burke. But there has never been a Daley — until now.
Lire la suite »
Philadelphia Weather: Spotty Monday Showers Ahead Of Warmer, Quieter WeekAfter what has seemed like an extended stretch of extreme cold weather, the Philadelphia region will start the work week with seasonable temperatures in the 40’s.
Lire la suite »
Some Chicago-area schools will not require masks on Monday, after judge issues temporary restraining orderAttorney Thomas Devore, who represented families in the lawsuit against Gov. JB Pritzker's mask mandate, warned that he believes districts could be facing trouble if they continue to require masks. 'There could be significant liability for school districts to continue to implement and enforce requirements that this court has said violates due process of law,' Devore said.
Lire la suite »