Bahrain Residency by Investment - Step by Step (2022)
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- Опубликовано: 25 июл 2024
- Bahrain Residency by Investment
This is video is a step by step recap of how we got our residence permit in Bahrain. This is a beautiful place which is a small and off the radar country. We believe Bahrain’s reputation is rising and will soon be more well known in the world due to its liberal policies, business friendly environment and standing out as a place with decreasing red tape in a world of increasing red tape. We are going from the point of view of living and settling in Bahrain using the permit, we don’t have any “real estate portfolio”. We sold our home in our home country in exchange for a more simple life in Bahrain including buying a property that is priced more appropriately.
00:00 Start
1:09 Advantages of moving to Bahrain
2:00 Getting a visit visa
4:25 Minimum investment amount
6:06 Real Estate Lawyers in Bahrain
9:39 Bank accounts & paying for property as a foreigner
12:00 Bahrain vs other GCC countries
13:30 Working in Bahrain with self sponsor visa?
14:21 Getting the property title/Red book
16:55 Where can foreigners buy property in Bahrain
19:52 Getting the utility account (EWA) transferred to your name
23:41 Health Insurance requirement
27:16 Getting marriage certificates recognized by Bahrain government
31:49 Notary office for property title
34:10 Summary & Wrap-up
Why come to Bahrain?
- Bahrain has very high levels of safety and stability
- it has a reputation of friendly people (locals will usually be helpful)
- it persevered more of the traditional culture compared to other gulf countries
- it has the lowest cost of living in GCC (food, housing, medical, dentist, fuel, insurance, schools), like anywhere this depends on lifestyle
- it has a favorable business environment compared to world (gov’t very open to new technology, regulations, taxes, red tape)
- Bahrain is not in a real estate bubble and has value
- Bahrain is rated the happiest country in the Middle East region, it has a rising reputation not falling
- 10% retail sales tax
- 0% personal or corporate taxes, 0% property tax
- 2 year residence permit, new policy no sticker, evisa
Residence Permit Fees:
2 years 200 BD
5 years 400 BD
10 years 600 BD
Additional fee case transferring from visit 60 BD
Application fee (non refundable) 4 BD
Other Fees:
Private Notary ~ 100 BHD
Bahrain MOFA stamp of marriage cert 10 BHD
CPR Smart Card 20 BHD
SLRB 2% property transfer fee, reduced to 1.7% if paid within 2 months of purchase
Visit Visa 40 BHD, 25 BHD for 2 week extension
Real estate agent commission ~ 1%
Location of Bahrain Ministry of Foreign Affairs (Document authentication) goo.gl/maps/JX7dWsv4EkgexYjy5
3rd party company that will accept wires and convert to Bahraini Dinar at a good rate: Currency Solutions UK. They will accept your wire and then wire BHD to your account in Bahrain or seller.
Areas where non-Bahraini buyer can purchase (restrictions apply in some areas):
Ahmed Al-Fateh, Hoora, Bu Ghazal, Seef, Northern Manama (Diplomatic Area), Durrat Al-Bahrain, Amwaj Islands, Riffa Views and Dannat Hawar
Steps to complete the permit
1. To get here, 40 BHD one year visit visa, max 90 days per visit (fly wizzair to UAE for low cost), 29 BHD total extension fee for only 2 weeks. Beware of 3rd party visa agents
2. Find property and sign sales agreement, 50,000 BHD min property purchase
3. Property manager will do “Security Clearance” with government. Is a background check related to your nationality and background
4. How to pay for property in Bahrain as a foreigner, lawyers will not act a middle party for payment
5. Real estate agents and lawyers are optional, consider using international law firm
6. Obtain property title or red book, at this point your name will not be on the title yet
7. Go to SLRB and pay property transfer fee, gov’t will write your name in red book
8. Make appointment with EWA and use red book and passport to transfer utility account (can be challenging)
9. Use red book and utility account to issue a CPR number, done at information and eGovernment authority in Isa Town
10. Get health insurance, cheapest is New India (watch for expat ripoffs), cost of hospital visits low comparatively
11. If you are married, get marriage certificate stamped by the embassy IN Bahrain or area embassy of country married in
12. If needed get ministry of foreign affairs in Bahrain to stamp marriage certificate, 10 BHD
13. Apply for residence permit (2, 5 or 10 year)
14. Consider your long term plans and if you want to get status another way later on
15. Go back to info and eGov and register marriage certificate and get CPR cards, 20 BHD each
16. Use CPR cards to open bank account
17. CPR is required for bank accounts, phone plans, buying a car, etc
18. Get driving licence, given without test from many countries
Music
"Limit 70" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/b...
#bahrain #investing #gcc
Cool video. Even with all the information I liked the view driving thru the streets.
Guys this is gold!! I've been looking for a video like this for an hour now.. Thank you for the detailed info here!
Glad to hear it was helpful, best of luck in Bahrain!
Great video! Very helpful! Thank you for taking the team to do this video, the explanations are also very helpful and clear.
U r awesome guys, appreciate your detailed explanation, definitely going to print it out and use!
Thanks for the video! I'd be very interested if you could make a video on different neighborhoods and regions in Bahrain. Cheers!
Thank you for the info...subscribed.
Thank you for sharing ur experience... It was very explanatory n detailed oriented...
That was an excellent and very thorough video. Thanks!
Glad it was helpful!
You chose well! It’s paradise! I want to thank all the wonderful Bahrainis who made my three years in the country such a memorable experience!
Positive information ... thx
Very good information helpful and great advice valuable video thanks you God bless you sir and madam thank jai hind 🇮🇳 India
Beautiful step-by-step explanation, haven't found anything nearly as good online. Would love to watch a video of the list of the international law firms you would recommend in Bahrain which would handle foreign property ownership cases, as well as the different residential pockets you recommend (+ 2022/2023 price estimates)
Thanks, we looked a little into some freehold properties which are in areas for local buyers (eg. Saar) and found there are not many and it is generally pretty expensive. I'm surprised because I hear often from Bahraini people that the price for a flat that expats buy in Amwaj/Seef/Reef Island etc. that you can get a detached house for the same price as a Bahraini. But it's true the price goes up once it's zoned as freehold. We still might make a video about this. Real estate prices appear to be rising modestly so far this year in Bahrain.
I just got through living there for 10 years. Bahrain has a special program for holders of US, UK and Canadian passport holders that allows you to apply for a CPR card that allows for you to live in the country. With your CPR card, you can lease a flat, get a drivers license, open a bank account and do everything else that local people can do. The only catch is that it's available only for the three previously mentioned nationalities and you have to renew it every year (at a cost of BD11).
Interesting, how do we find out more about that program?
@@jcroad For US,UK, canadian and some other citizens if working in SAUDI may wish to stay in Bahrain and bring their families over.
First step, you get a 5 years multiple visa from NPRA. ( www.npra.gov.bh )
Step 2, rent an apartment and ask the owner to get you a letter from the municipality.
Step 3, you can get detailed information and make an appointment on th egiven number 80008001
Step 4, take all required original documents. Hardly takes half an hour for the process their.
You get no card but a number with the temporary CPR valid for on year.
My colleagues were able to open bank accounts with this temporary CPR.
Apparently you can also get a local driving license or buy a car.
How we can find official information to apply for this programm ?
Wow amazing
Yes, 🙏 please.
pls make a video on the areas where foreigners can buy
Very good video thank you. Would be nice if you could do some vlogging about how it’s going for you. What are you working with? Which area did you buy property in and why? How is school for your child? Etc. I actually lived in Bahrain some years back and really miss it
Thanks, at some point we will put together a more serious schedule for videos. We noticed a pattern, people who leave BH end up missing it!
@@jcroad 👍🙂
Thank you so much sir and madam, I am planning to invest in real estate in bahrain but as you have said in the video that in the residency permit you are only allowed to do business and one cannot work there in any company or employment offer. It would really help me if I can connect with you regarding further more details. 😊 thank you so much for clearing the every details in the entire video.
@@jcroad thank you so much ma'am.
Thanks
awesome video - thank you so much for making this. Could you please share the international law firm you think is good - would be extremely
helpful
We spoke to a few, you want them to give a quote which includes title search and help from a local firm to do your red book. A few to consider are Charles Russell Speechly, Amin Law firm, Trowers & Hamlin, and Salman Legal
@@jcroad awesome! Thank you, that’s very helpful, do you think there is a good local one that could work based on your experience there, or you really feel an international one is better for an outsider for extra set of eyes? What’s your fav pick from the ones you mentioned
It's not about outside vs inside, pretty much everyone we dealt with at international firms are also Bahraini people. The difference is that in Bahrain some property sellers use a very short and incomplete purchase and sales agreement. The international firm we think is more helpful to draft a better one but this might delay closing your deal a bit. With these big companies you should talk to all of them because it depends who you get assigned to you that will give you the answer about which one is best.
This was a great video. Looking forward to more content. Do you know if one can apply and get the visa if buying a property but paying in instalments? Could I potentially apply after paying the first instalment or I have to wait until I pay off the property in full? Thank you 🙏🏻
Thanks for the nice words, we saw some developers in Bahrain will let you pay installments but they don't transfer the property title till later. Doing this will not let you get residence permit until you pay in full. In our experience the only thing the government wants is the property title in your name, they did not ask us if we financed it or not.
@@jcroad thank you so much. That’s very helpful 😊
Thanks again for such a useful video. Do you know if you can even apply to the residence buying a land?
You're welcome, not totally sure about vacant land. But my guess is if you can get to the stage where you have a property title then yes. This might have some challenges if you are currently a non-resident. From what I have seen, land prices can vary greatly depending on some factors. I think it's best to know a trusted Bahraini to help with this.
Thank you for this very informative video. Does this residence permit have "minimal stay" requirement?
Hi, after you get permit from property purchase there is no min stay requirement in Bahrain
U guys covered even a tiny bit if it.. Very informative.. Stay blessed!!
I have a query that, at a Later stage is it switchable to employment residency if someone gets a job or vice versa i.e employment to self sponsorship??
Hi, yes someone told me it is ok to do that, but it was not a government agent. Of course no refund will be given for any unused time of old visa :)
Great video for people who have similar plans to move to Bahrain. I am interested to know more about the medical facilities and the coverage of medical insurance in Bahrain. What would be the medical coverage limits per year? Any support from the government ? Does government support for treatments, especially if medical insurance coverage is exceeded? Would be great if this topic can be covered and tell us how this aspect has to be managed. Thank you.
Thanks for the feedback, this topic could probably be a video on its own. Based on my understanding it is only Bahrain citizens get government support. Otherwise it is whatever limit you have with your policy from a private insurer. There are government facilities and also private ones which anyone can choose whichever to use. I'm sure there is a cost difference, I'll see if I can check with someone who knows more about this.
@@jcroad Thank you. Look forward to hearing from you.
Greetings,
Thanks for your informative video guide. Can you please let me know after purchase property in Bahrain there is any hidden charges like monthly or yearly ?
So far no unpleasant surprises! But expect to chase certain people to make sure they do what they said. Also be sure the important things are in a proper paper contract and whatsapp doesn't count.
Thank you for a nice step by step video. It is very useful. I have already purchased a property in Bahrain and transferred into our names. The Redbook is now replaced with a digitized document of one page. Front side has all the info and backside has location map and building details.
I wanted to know more on this step:
13. Apply for residence permit (2, 5 or 10 year)
How and where to apply? May be you need to give more details for that. I haven't applied yet and trying to find more info. A list of documents required (Ownership document, Health Insurance, attested marriage certificate, prescribed fee. Is there anything else required? Forms and where to get them etc. Do I need an agent to apply for the residence
Thank you.
Hi thanks, good to hear you got a purchase completed. We did not use an agent for the residence permit, this can be done on evisa.gov.bh website under self sponsor application. The site will list off all the required documents which we found many of the private company "agents" are not up to date on what is needed but of course hoping to take lots of money off people. After we applied, a government agent emailed us directly where we could ask any questions to him. It is paid online through a link given by ministry and you are issued an electronic permit with QR code. They were pretty strict with us about the marriage certificate stamp. You might also need some proof of income or salary document.
Hi, me and my husband is very interested in purchasing an apartment. How much did you pay for the lwayer? And which law firm you used?
I have resided in Bahrain for 11 years. It’s no wonder that I love the place. It’s the safest place I’ve ever resided. Generally, no violent crimes (criminals won’t have anywhere to hide as it’s a small island, you’ll be cought in no time unless you quietly ride a boat to Iran). If I’m a millionaire I’ll acquire golden visa in bahrain in a heartbeat.
how is dubai or uae different?
@@wagmi614 locals are generally friendlier, the place is cheaper overall, less noisy, just the right size of everything. depends what’s your priorities though. If your priority is not running out of exciting places to visit, then UAE will be a better option if money isn’t a problem.
loved the video very informative! is there a difference between investor visa vs golden visa so far from my research I've come across that golden visa holders must have property worth 200,000 BD but investor visa only requires a minimum of 50,000 ... Are they the same ? And do they both offer 10 year visas ?
Hello thank you, I believe the golden visa gives employment rights which the investors visa does not. Investor visa can be 10 yrs, but you must pay fees based on how many years (about 100 BHD per year). Golden visa might be permanent residence, you'll have to check with ministry about that
Hello,
I want to thank you to share this video, very interested and good explanations.
Do you recommend a good international lawyer, a réal estate , and notary to contact in order to buy property as foreign. ?
Thanks.
You're welcome, all of these are optional in Bahrain except the notary. I recommend hiring a real estate agent only if you know nothing about neighborhoods of Bahrain. Every building has a sales team that will do the same job. The developer should refer you a notary to close the deal. For lawyers, I suggest get quotes from at least 3 international firms which have an office in Bahrain. Take any one which includes re-drafting the sale and purchase agreement. Local firms will get it done too but they quoted us the highest.
Hi. What is this security check? How do i apply for it before buying a property? A usual property owners aware for it? How long does it lasts?
It is a background check done by the ministry that all foreign buyers need to complete. I don't know the exact details, I'm guessing it's anti-money laundering. The property developer should do it for you after the MOU is signed. I think ours took about 10 days to complete but that was during covid
hello please tell me ia it safe to sign and buy contract feom developer Bahrain in Amwaj for payment dueing 5 years?
No, only buy ready to live in, not on paper.
Hi, thanks for this helpful video. Part of the requirements for the residence is live there for how many days per year?
Hello, I heard for golden residence visa it is 90 days. But this is the property investors visa, I was never told any minimum amount. I will be working on our renewal soon and i'll let you know if I hear otherwise.
@@jcroad thanks. I will wait for your confirmation. Please don't forget the video about your recommendations per area.
Hello, sorry for the delay. For the property investors permit we have there is no minimum days per year requirement.
Great video But which business should
I start in Bahrain???
There is one channel called Hustle Kitchen about doing business in Bahrain
Hi, do you recommend any Lawyer to contact in order to start buying a property. And help us arrange the Pre-Sale Contract, Notary the Final Sale Contract and Property Registration ?
Thanks again 👍🏻😉
Hey, In the same boat here. Would love the contact of a lawyer as well 😊
Thanks for the nice explanation
I have a question. When buying an apartment, should I put a minimum amount of 15,000 Bahraini Dinars to obtain permanent residency?
Hello, I believe the 15k bank deposit requirement was replaced with proof of income of 500 BHD per month and showing 6 months of bank statements. Check www.evisa.gov.bh to see the current requirement.
@@jcroad thanks
Hi do we have to show our country 's tax payments? Do they ask that while applying for resident permit?
Hello, if you are asking if Bahrain requires you to show that you are paying taxes in your home country the answer is no, or at least I think not. There is one step in Bahrain called a security clearance which I'm not sure what exactly is being checked or who is contacted.
Let us clear is there government fixed a minimum value of money to buy property in order to get residence permit??
50,000 BHD
Hi mam and sir...pls help me to work in bahrain. .I'm michael from Philippines
how it took to approve the residency visa?
Approval is within a few days but it took time to gather all supporting documents. For example the ministry will ask for health insurance, bank letters, salary certificate, property title. Also the ministry has to do a security background clearance on the applicant which took a while.
If you live in Europe and want to move to Bahrain by buying a property apartment for 50000 dirham, are there any requirements for that? Do they have any specific limit of how much money you have to earn or is it only to buy for 50000 ans then move here?
Hi, there are a few other requirements such as showing an income of at least 500 BHD and showing 6 months of bank statements. You also have to do a government security clearance, this was done by the property developer. www.evisa.gov.bh/ has more detail, see self sponsor visa for property investor
Helpful video but you didn't talk about the "letter of good conduct". You didn't have to obtain that?
Hi, sorry about that. After you obtain the property title, the next step is go to the eGovernment office in Isa Town. There is where the letter of conduct is printed. Before coming I was a bit confused by this as well because as a new comer of course the letter will show no offenses. We also brought police reports from our home country just in case. Also, there is a process called a security clearance which is done before you purchase property. This is done internally by the ministry.
@@jcroadThank you. So they accepted your application with the letter from Isa Town? The letters from your home countries were not required, at the end of the day?
I think the big thing for foreigners buying property is passing the security clearance which is done before the purchase. I'm not sure what they are checking but if it's rejected then your chance of residence in Bahrain is zero. So no, they did not ever look at the police reports. I believe the letter of conduct is meant for people looking for work permits who have a history in Bahrain. Residence by investment is a program which much fewer people have compared to work permits. So for us I think they just print it and give, but it is required to add that paper in the final residence permit application.
Hello again, would you be able to share the contact details of the agent who arranged your residence permit?@@jcroad
Yes sir,can I apply for investor visa with my bahrain visit visa??
Hello, yes we started with a visit visa and applied for property investor visa. If you
are doing investors visa with CR I think you can do the same. Ministry charged us 60 BHD fee to switch from visit to investors visa plus the visa fee
@@jcroad Amazing! I will love to do that too but I needed to extend my visit visa or can you do extension??
You can go on ministry visa website and do extension but they only give you one or two weeks, don't use agents, it is waste of money. If you have the six month or one year visit visa you can leave Bahrain and re-enter to get more time. You can go to Saudi or UAE (Wizz airlines) and come back but both have costs.
@@jcroad I really appreciate
On the marriage certificates being stamped, if we have the Apostille Seal stamped on it this should be enough for the Bahrain gov’t to recognize it legally?
The gov agent working on ours told us that only stamps from inside Bahrain are accepted, check with Bahrain MOFA document legalization to be sure
@@jcroad Ahhh I see. We would seek the countries embassy where we got married at? I don't believe we saw an Mexico embassy in Bahrain...maybe they require us to go into Dubai, I believe we saw one there?
If you get in contact with Mexico embassy in UAE they will tell you if UAE is responsible for Bahrain, if not it's probably Saudi. The key is after you get the stamp then go get another stamp from Bahrain MOFA..... it's a bit of a runaround
@@jcroad Thank you for that info. Is this stamp unrelated to a Apostille stamp rather some other stamp version? Definitely bit of a runaround indeed.
Yeah this is different, Bahrain gov has certain embassy people's signature on file and want to see that signature on marriage cert with embassy stamp
Can you recommend any agency who can assist in Residency by investment
Hello, no I have never dealt with an agency. I heard many of them like to overpromise and underdeliver
Can we … become a permanent citizen by Investment program ???
Bahrain 🇧🇭 ?
Plz reply as early as possible.
I have not seen any citizenship by investment program in Bahrain like some countries have (Turkey for example)
So, are you a resident of Bahrain ?
If yes, then now-on being a resident do you have right to stay in Bahrain till death ? Or do you have any tenure of staying like 5 or 10 yrs ?
After being a resident could you apply for citizenship ???
I am an Indian 🇮🇳🇮🇳🇮🇳
The residence visa has a cost and can go for up to 10 years. It can be renewed as long as a property is still owned by the applicant, there is a newer program called the golden residence visa. Getting citizenship is similar in all GCC countries, it is not really given out based on time spent in the country, it must be earned and this is not easy. How exactly to earn it, I don't know.
Can you give me work visa
When you bought the property it was under both names ? Husband and wife ? or only husband ?
I think you have said both of you are in the property title. If so, you need to have an investment of 100,000 for both instead of the 50,000 BHD required for the two years of residency permit by investment ?
It's 50,000 BHD per family including dependent children, stamped marriage certificate is needed. Primary applicant is listed as the sponsor of the other family members.
Hello madam if you want to invest in me then will it be useful for me i am in bahrain
Real Estate bubble of corruption - Philippines -: way over priced and impossible for the younger to buy and move out.
is there a way i can connect with you? whatsapp email? cheers
Hi you can add on snapchat neilw888
@@jcroad I don't have snapchat or fb except whatsapp.
You can try neilcc888@yahoo.com
Good morning and I thanks very much for this video and more courage to you. Can I have your email for more information please. Thanks regard William
Hello, is it something I can help you with on here? the only problem with posting my email address on here is that it attracts a lot of spam robots
Can you please
Give me the contact email or number for the nwe india insurance company.
I just use the phone/email on www.newindiabahrain.com/ sometimes it takes a day or two for reply
@@jcroad
Thank you very much
I contacted with them .
Do you know another company accepted by the government for health insurance.