Bahrain Sets Salary Criteria for Golden Residency Permit

Bahrain has published the full requirements for its Golden Residency permit, aimed at employed and retired foreigners living in the Kingdom. The National Passport and Residence Affairs authority specifies that applicants must have a minimum basic salary of BD 2,000 (N21,578) per month.

They must submit documentation confirming this salary, along with a six-month bank statement. Additional requirements include a valid passport with more than six months before expiry, a health insurance certificate issued in Bahrain, and a copy of any existing residence permit.

The application incurs a non-refundable processing fee of BD 5 (N17,937), and once approved, a one-time administrative charge of BD 300 (N1,055,739) is required for the Golden Residency, valid for ten years. Applicants have 30 days from approval to complete payment, or the order is automatically cancelled.

The processing time for applications is typically five working days. This initiative aligns Bahrain with other Gulf states seeking to attract financially stable foreign talent and retirees.