Bahrain Launches Informational Website and Hotline for the Golden Residency to Attract Global Professionals and Investors
Since the Golden Residency Program was first launched in 2022 as part of the Economic Recovery Plan, the Nationality, Passports, and Residence Affairs has granted permanent residency to investors, expats owning real estate, artists, athletes, talented professionals, and long-serving employees alongside their dependents.
H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board said, 'With its strategic location and its business-supportive ecosystem, the Kingdom of Bahrain has always been a hub for both global talent and investment. The Golden Residency Program reaffirms our commitment to fostering a dynamic and welcoming environment where individuals and businesses can thrive and become part of Bahrain's growth plans. Bahrain is committed to consistently providing streamlined and advanced services to its citizens, residents, and visitors.'
'The website and hotline going live enable us to provide comprehensive information on the program, which will support in attracting talent and investment, thereby positioning the Kingdom as one of the region's tourism destinations of choice," added H.E. Noor bint Ali Alkhulaif.
Bahrain has cemented itself as the destination of choice for global professionals and investors. With its welcoming community and high quality of life, it offers an attractive home for all. Residents enjoy a cosmopolitan lifestyle that blends modern island living with rich cultural heritage. As a regional business hub, Bahrain offers 100% foreign ownership in most sectors, a competitive taxation system, and a highly skilled bilingual workforce. Positioned at the heart of the Arabian Gulf, residents will experience strategic access to key markets and a business-friendly regulatory environment that fosters innovation and investment.
H.E. Shaikh Hisham bin Abdulrahman Al Khalifa, Undersecretary of the Ministry of Interior for Nationality, Passports, and Residence Affairs (NPRA) said: "Through the Golden Residency Program, we aim to attract global talent and investors to contribute to Bahrain's development plans. The program represents a qualitative leap towards enhancing the efficiency of services provided to residents of the Kingdom of Bahrain, which will enhance Bahrain's international standing as a leading business and lifestyle destination."
The Golden Residency Program enables holders and their families to live and work in Bahrain, and is available to individuals who meet the following eligibility criteria:
Employees: Professionals who have worked in Bahrain for at least five years with a minimum monthly salary of BHD 2,000 (equivalent to USD 5,306) over the past five years.
Property Owners: Investors who own real estate in Bahrain valued at BHD 200,000 (equivalent to USD 530,555) or more at the time of purchase.
Retirees: Individuals who have worked in Bahrain for at least 15 years and have an average monthly pension of BHD 2,000 (equivalent to USD 5,306) or more during the last five years of residency. Non-residents with an average monthly pension of over BHD 4,000 (equivalent to USD 10,624) are also eligible.
Talented Individuals: Entrepreneurs, highly skilled professionals, and individuals who contribute significantly to Bahrain's economy or society.
Eligible individuals can apply to the Program through Bahrain's eGovernment portal which provides a fast and efficient application process. A dedicated team is also available to assist Golden Residency applicants and holders, ensuring they have access to ongoing support in the Kingdom.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
30-07-2025
- Daily Tribune
Tamkeen Supports the Career Development of over 60 Bahrainis at the 'Benefit' Company
The Labour Fund (Tamkeen) announced its support for the career development of over 60 Bahrainis at the Benefit Company through multiple initiatives such as Employment Support, Career Development Support, and On-The-Job Training, in addition to taking on leadership roles in the company through the Leadership Employment Programme. Tamkeen's support for the Benefit Company is aligned with its strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability, and supporting the development of the ecosystem surrounding the labour market and private sector. On this occasion, Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen) reaffirmed Tamkeen's ongoing commitment to enabling Bahrainis attain high-quality jobs in key economic sectors. 'As part of our mission, we remain focused on enabling Bahrainis to access high-value career opportunities, particularly in strategic sectors such as financial services – the largest non-oil contributor to the national economy,' said Ms. Mofeez. 'Tamkeen's support for the career progression of national talent in the private sector – whether through wage support or enabling them to assume leadership roles – is part of a strategic framework that aims to position the Bahraini citizen as the first choice of employment in the labour market. 'Achieving this goal requires strong partnerships with private sector entities that believe in the potential of Bahraini talent and play a critical role in driving performance and contributing to sustainable economic development.' On his part, Mr. Abdulwahed AlJanahi, Chief Executive of the Benefit Company said: "We believe in the strength and promise of Bahraini professionals and our commitment to their development includes providing equitable opportunities for promotion, merit-based compensation and a supportive environment that fosters their career journeys.' 'Tamkeen's support reinforces our vision to continuously invest in national talent and build a capable workforce that drives innovation and business success.' Mr. AlJanahi added: 'We take pride in having achieved a Bahrainization rate of 93.8% at Benefit with a team of 162 employees and as we move forward, we aim to expand employment opportunities for Bahrainis and align our efforts with the national vision for increased Bahrainization. Benefit has long played a leadership role in empowering local talent through graduate training programs, clear pathways for career development and a culture that recognizes and rewards excellence.' Established in November 1997 as an ambitious initiative by 17 commercial banks, the Benefit Company aims to be the national network for ATMs and points-of-sale in Bahrain. The company is licensed by the Central Bank of Bahrain as an ancillary service provider to the financial sector and has expanded its services to markets beyond Bahrain. Tamkeen has introduced various programs designed to support employment and career development for Bahraini professionals, ensuring they remain the first choice of employment in the labor market. Additionally, Tamkeen offers multiple enterprise support programs to strengthen the private sector, positioning it as the main driver of economic growth in the Kingdom.
Biz Bahrain
30-07-2025
- Biz Bahrain
Tamkeen supports over 60 Bahrainis at Benefit Company
The Labour Fund (Tamkeen) announced its support for the career development of over 60 Bahrainis at the Benefit Company through multiple initiatives such as Employment Support, Career Development Support, and On-The-Job Training, in addition to taking on leadership roles in the company through the Leadership Employment Program. Tamkeen's support for the Benefit Company is aligned with its strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritising enterprise growth, digitisation, and sustainability, and supporting the development of the ecosystem surrounding the labour market and private sector. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen) underscored Tamkeen's ongoing commitment to enabling Bahrainis to attain high-quality jobs in key economic sectors. 'As part of our mission, we remain focused on enabling Bahrainis to access high-value career opportunities, particularly in strategic sectors such as financial services, the largest non-oil contributor to the national economy,' Mofeez said. 'Tamkeen's support for the career progression of national talent in the private sector, whether through wage support or enabling them to assume leadership roles, is part of a strategic framework that aims to position the Bahraini citizen as the first choice of employment in the labour market. 'Achieving this goal requires strong partnerships with private sector entities that believe in the potential of Bahraini talent and play a critical role in driving performance and contributing to sustainable economic development.' Abdulwahed AlJanahi, Chief Executive of the Benefit Company said: 'We believe in the strength and promise of Bahraini professionals and our commitment to their development includes providing equitable opportunities for promotion, merit-based compensation and a supportive environment that fosters their career journeys.' 'Tamkeen's support reinforces our vision to continuously invest in national talent and build a capable workforce that drives innovation and business success.' 'We take pride in having achieved a Bahrainisation rate of 93.8% at Benefit with a team of 162 employees and as we move forward, we aim to expand employment opportunities for Bahrainis and align our efforts with the national vision for increased Bahrainisation. Benefit has long played a leadership role in empowering local talent through graduate training programs, clear pathways for career development and a culture that recognises and rewards excellence,' AlJanahi added. Established in November 1997 as an ambitious initiative by 17 commercial banks, the Benefit Company aims to be the national network for ATMs and points-of-sale in Bahrain. The company is licensed by the Central Bank of Bahrain as an ancillary service provider to the financial sector and has expanded its services to markets beyond Bahrain. Tamkeen has introduced various programs designed to support employment and career development for Bahraini professionals, ensuring they remain the first choice of employment in the labour market. Additionally, Tamkeen offers multiple enterprise support programs to strengthen the private sector, positioning it as the main driver of economic growth in the Kingdom. BNA(R)
Biz Bahrain
21-07-2025
- Biz Bahrain
Citi Bahrain Expands its Global Technology Hub in Manama
Citibank, N.A., Bahrain Branch (Citi Bahrain) announced the expansion of its Global Technology Hub in Manama, adding a new state-of-the-art floor to its facilities. This pivotal milestone aligns with Citi's tactical plans to hire a new wave of talent; the hub has already onboarded a substantial number of programmers and coders, in line with the target to allocate 1,000 coding jobs over a ten-year period for the Bahrain hub. Marking the first in the region, the hub was established in 2021 in a strategic partnership with the Bahrain Economic Development Board (Bahrain EDB), the Central Bank of Bahrain (CBB), and the Labour Fund (Tamkeen). The expansion is expected to enhance Citi's digital capabilities both regionally and globally in areas such as Electronic Trading, E-Commerce, Big Data and AI, cementing the island nation's growing reputation as a thriving technology and financial hub. Citi Bahrain's tech hub currently develops digital solutions that serve Citi's global portfolio of business lines and clients. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB; H.E. Khalid Humaidan, Governor of the Central Bank of Bahrain; Michel Sawaya, CEO of Citi Bahrain; Nikhil Joshi, CIO Markets at Citi, and Kassey Oulhadj, Head of Citi Bahrain Global Technology, attended the inauguration of its expanded premises. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, said, 'Citi's continued expansion in Bahrain, year after year, reflects the growing impact of its Global Technology Hub in Manama, which plays a key role in delivering digital solutions that support Citi's global client base. Its progress is a testament to the strength of Bahrain's wider financial services and tech ecosystem, defined by the availability of highly skilled local talent, the agility of the regulatory environment, and the effectiveness of public-private partnerships in enabling high-quality job creation and future-proofed skills development. We look forward to building on this momentum together with Citi, alongside Tamkeen and the CBB, in the years ahead.' From her side, Ms. Maha Abdulhameed Mofeez, Tamkeen Chief Executive said: 'At Tamkeen, we prioritize investing in developing and empowering our national workforce and in line with this we actively seek strategic partnerships – both local and international – that support our core objectives by building a pool of qualified national talent capable of contributing to the growth, sustainability and productivity of the organizations they serve.' 'Our collaboration with 'Citi' is built on this foundation as it supports innovation, digital transformation and international growth while preparing the labor market with tech-savvy talent ready to lead and make a real impact in their fields,' added Ms. Mofeez. Tamkeen's strategic priorities for 2025 focus on enhancing the competitiveness of Bahraini nationals in the private sector, equipping them with the skills needed for career development, as well as prioritizing the growth, digitalisation, and sustainability of enterprises. Michel Sawaya, Citi Bahrain CEO, 'I'm proud of the momentum gained by the tech hub since the establishment in 2021. Expanding our offices with an additional floor is a strategic step that exemplifies the notable progress we have achieved against our hiring targets.' Nikhil Joshi, Citi CIO Markets, added 'We see tremendous opportunity to further elevate our digital service development capabilities in Bahrain, as we continue to deliver a wide range of financial solutions to our global clients, such as Electronic Trading, E-Commerce, Big Data and AI.' Citi chose Bahrain as a destination for its tech hub owing to the depth and diversity of the island nation's talent pool, which is further backed by forward-looking regulatory frameworks reinforced by agile government support.
