90 Days for Bahrain Gold visa

[hortm]

Hello,

I am considering jurisdictions & gold visas to show that to my bank abroad. I have passive investment entity - trading stocks/funds within own brokerage.

Do you think they really count that 90 days of min. stay in Bahrain that should keep Gold investor visa (10 years) in good standing?

Did I understand correctly that if 90 day minimum stay rule is not enforced then Bahrain is actually better than UAE because Bahrain does not have clear tax residency rules while UAE has 90 day minimum stay rule as tax residency requirement?

 

[bnpsu]

Bahrain is a tax heaven now, there are no tax laws, so from what I‌ understand you can't be a tax resident of a country tat doesn't have taxes

 

[jafo]

Any info where I could read more about this?

 

[hortm]

https://www.bna.bh/en/NPRAUndersecr...=q8FmFJgiscL2fwIzON1+Dq8BXiSrzXo5YIYzTTJpu1o=
Good luck translating 🙂

It has minimum requirement of 90 days of annual stay (that‌ is vague) and I am not sure that is enforced. It has no clear definition‍ of tax residency. To get certificate of residency you need to be there for 183⁠ days.

 

[jafo]

Could you share what you found out about Bahrain?

 

[hortm]

check link. seems it is not working now, but hopefully they shall fix it. that is‌ from their official gazette. no other official info.

 

[hortm]

I have made mistake. Sorry. Seems this is the gazette -
https://www.mia.gov.bh/wp-content/uploads/2022/02/3588.pdf

 

[JustAnotherNomad]

Maybe try contacting this user (though it seems like he isn't active anymore):
https://www.offshorecorptalk.com/members/ih8socialism.12595/He lives in Bahrain (or at least he used to when he was still active here).‌

 

[crashes777]

I plan to become a tax resident in Bahrain next year. Does anyone know how‌ to get a tax resident certificate there?

 

[daniels27]

Yes
https://www.ecabahrain.com/tax-residency-certificate-in-bahrain/

 

[JustAnotherNomad]

How easy or difficult is it to get the residency? I have heard it's a‌ better option than the UAE now because they aren't even on any grey list, unlike‍ the UAE?
So UAE residency can create lots of issues with banks, while Bahrain should⁠ cause fewer issues.

 

[daniels27]

Very easy and golden
https://www.npra.gov.bh/en/services/visas-residence-permit/residence-permits-services/

 

[ActionMan]

it's fine, you can get a visa if you have a WLL company there or‍ through golden visa as @daniels27 said
better business environment, crypto friendly (binance, rain...etc).

Also, banks there, unlike their⁣ UAE counterparts, are understanding and are willing to sit down and talk with you about⁢ your complex business structures.

 

[JustAnotherNomad]

So for the Golden Visa, I guess one would use the "special talent" category? How‌ can you get the accreditation?

 

[daniels27]

I this this one: Owner‍ of properties in Bahrain with total value not less than BD 200,000 when the properties⁠ were purchased.

Talents are typically calibers like those
http://www.asbcnews.org/bahrain-plans-to-return-to-the-olympic-games-after-tokyo/

 

[JustAnotherNomad]

Hmmm, that's not cheap. It's like $500k?
How much is the company route? Probably not‌ that cheap either?

 

[daniels27]

100,000 BD
https://www.npra.gov.bh/en/services...nce-permit-and-return-visa-foreign-investor-/

 

[JustAnotherNomad]

Still not that cheap and you probably can't sell it either - it will be‌ tied to your residency.
And owning real estate in the Gulf is risky. Quality can‍ be really bad, prices often only decline etc.

 

[ActionMan]

Oman + UAE residency is a better alternative

 

[daniels27]

You tried‌ Oman?