BAHRAIN

Name of country

  • BAHRAIN

Region

  • Middle East, archipelago in the Persian Gulf, east of Saudi Arabia

Population

  • 1,526,929 (July 2021 est.)

General Introduction

  • The Kingdom of Bahrain has launched a new golden visa program for international investors who have made investments in Bahraini real estate and enterprises. A self-sponsored visa/residency permit is the official name for the Golden Visa scheme, which is designed at attracting Significant Foreign Investment in the Kingdom.

Wifi Speed

  • Bahrain's 55th place position equates to an average speed of 43.05Mbps, according to the Speedtest Global Index.

Electrical outlet

  • For Bahrain, the associated plug type is G, which is the plug that has three rectangular pins in a triangular pattern. Bahrain operates on a 230V supply voltage and 50Hz.

Per Capita GDP 

Real GDP per capita

  • 2.49% (2019 est.)
  • 13.89% (2018 est.)
  • 3.85% (2017 est.)

Climate

  • arid; mild, pleasant winters; very hot, humid summers

Residence-by-Investment

  • The Kingdom of Bahrain has opened a new golden visa scheme to foreign investors who invested in real estate and businesses in Bahrain.
  • The Golden visa scheme is officially known as Self sponsored visa / residence permit aimed at attracting Significant Foreign investment in the Kingdom

Investment

  • Business: Foreigners must invest at least  Bahraini Dinars 100,000 BD  ($265,000)
  •  Real Estate: Buy a property at least BD 50,000 ($135,000). The residence property must be located in the touristic zone. For example, Al Juffair, Amwaj, Riffa Views, Busaiteen, Abraj Allulu, AlAreen, etc and also must have BD 500 monthly
  • Retirees: Above 55 years of age and must earn an income of BD 500 ($1350) per month
  •  Investors in the above three categories can qualify for ten-year residence permit in Bahrain. It is renewable.

Processing Time

  • Processing time varies from 2 weeks to 4 months.

Key Benefits

  • No income, capital, sales, real estate, interest, or concession rights taxes.

Requirements

Investors

  • Service request form.
  • A clear copy of passport.
  • A clear copy of ID.
  • Certificate of good conduct and behavior.
  • A copy of the tenancy agreement. 
  • A certified copy of the company’s memorandum of association and his share must not be not less than BD100,000.
  • A valid certificate of health insurance issued from the Kingdom of Bahrain
  • The applicant must have a source of income sufficient enough to support himself and his dependents (not less than BD500 per month).
  • A copy of the applicant’s card or his legal representative.

Property owner in Bahrain

  • Service request form.
  • A clear copy of passport.
  • A clear copy of ID.
  • Certificate of good conduct deed. 
  • A certified copy of the property stating that value of the property owned by the expat (in his name).  The property value should not be less than BD50,000.
  • A valid certificate of health insurance issued from the Kingdom of Bahrain
  • The applicant must have a source of income sufficient enough to support himself and his dependents (not less than BD500 per month).
  • A copy of the applicant’s card or his legal representative
  • Copy of the electric bill
  • The owned residence property must be located in touristic zone. For example, Al Juffair, Amwaj, Riffa Views, Busaiteen, etc.

Retiree

  • Service request form.
  • A clear copy of the passport.
  • A clear copy of the ID.
  • Certificate of good conduct and behavior.
  • Copy of the tenancy agreement or the electric bill.  
  • Retirement Certificate issued by employer weather in the kingdom or in only the GCC countries. And the period of work should not be less than 15 years (Aged 55 years old or above).
  • A valid certificate of health insurance
  • The applicant must have a source of income sufficient enough to support himself and his dependents.
  • A copy of the applicant’s ID or his legal representative.

Procedures and Time Frame

  • The requirements must be submitted at the Nationality, Passport & Residence Affairs.

Natural Resources

  • oil, associated and nonassociated natural gas, fish, pearls

Ethnic Groups

  • Bahraini 46%, Asian 45.5%, other Arab 4.7%, African 1.6%, European 1%, other 1.2% (includes Gulf Co-operative country nationals, North and South Americans, and Oceanians) (2010 est.)

Languages

  • Arabic (official), English, Farsi, Urdu

Religion

  • Muslim 73.7%, Christian 9.3%, Jewish 0.1%, other 16.9% (2017 est.)

Median Age

  • total: 32.9 years
  • male: 34.4 years
  • female: 30.3 years (2020 est.)

 Urbanization

  • urban population: 89.6% of total population (2021)
  • rate of urbanization: 1.99% annual rate of change (2020-25 est.)

Physician density

  • 0.93 physicians/1,000 population (2015)

Government type

  • constitutional monarchy

Unemployment Rate

  • 3.6% (2017 est.)
  • 3.7% (2016 est.)

Taxes

Headline Personal Income Tax Rate (highest marginal tax rate) - 0%

Headline Corporate Income Tax Rate (excluding dividend taxes) - 0%

Territorial Tax / Worldwide Tax / Hybrid 

Taxes on personal income

  • There is no personal income tax (PIT) regime in Bahrain.

Taxes on corporate income

  • There are no taxes in Bahrain on income, sales, capital gains, or estates, with the exception, in limited circumstances, to businesses (local and foreign) that operate in the oil and gas sector or derive profits from the extraction or refinement of fossil fuels (defined as hydrocarbons) in Bahrain. For such companies, a tax rate of 46% is levied on net profits for each tax accounting period, irrespective of the residence of the taxpayer.

 

 

 

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