Bahrain Residency By Investment - 130k USD Real Estate

[JonnyStekkino]

Hi there, recently discovered this program in Bahrain which consist in investing 50K BHD (around 130k usd) and get a 10 Year renewable residency in the country.
Overall seems quite good considering the quality of the real estate compared to UAE for example where is crazy more expensive.


Anyone had experience in that or know any company who can assist in the process?


some sources refer to a 200K BHD investment, I'm still confused if it's the same program that increased the requirements or it's another program.

 

[GeneralGogol]

Would you move to a country just because it has cheap real estate?

 

[backpacker]

JonnyStekkino said:
Hi there, recently discovered this program in Bahrain which consist in investing 50K BHD (around 130k usd) and get a 10 Year renewable residency in the country.
Overall seems quite good considering the quality of the real estate compared to UAE for example where is crazy more expensive.


Anyone had experience in that or know any company who can assist in the process?


some sources refer to a 200K BHD investment, I'm still confused if it's the same program that increased the requirements or it's another program.
Click to expand...

Almost 19 months ago I asked almost the same -> Personal Tax free Country List ( No tax on Individuals )

Since nobody had any experience I went there, checked a bit around and dismissed it.
Compared to the UAE it is more affordable but that is not exactly difficult. Other than that, the lifestyl is boring, sterile and the country itself too small to entice.
Moreover, understand that Bahrain is fully dependent on Saudi Arabia. Without that support (politically, economically/financially, militarily) this tiny country will cease to exist within 24 hours. Look up what happened in 2011 (also check why it has happened!) and understandthabtjis can happen on any day - you will not want to invest/live there.

 

[CyprusLawyer101]

What kind of real estate could you buy with 130k usd ? @JonnyStekkino

 

[JonnyStekkino]

GeneralGogol said:
Would you move to a country just because it has cheap real estate?
Click to expand...

No, but the thing with Bahrain is that the standard of living seems quite high, and for a setup like mine where I have company and reaidency in Dubai it's also convenient to go to Dubai 2 times a year

CyprusLawyer101 said:
What kind of real estate could you buy with 130k usd ? @JonnyStekkino
Click to expand...

there are very nice 1BR apartments in brand new buildings for around 140-150K usd that rents out for like 1100 usd

 

[troubled soul]

Do Bahrain accept crypto for property buying ?

 

[Praetorian]

Some points to consider:

1. The country has no more oil, which is limiting its growth. Wealth disparities are getting worse which is turning the place into a pure oligarchy (A few very rich people own everything there and make it difficult for outsiders to come in and try to make money). At least in Dubai and Qatar the economies are a bit more open for outside investors and making money won't face the same road blocks as in Bahrain.

2. Your success in any venture (Literally anything), will depend on your ties with those higher ups, if you have no network and no government contacts, moving there will make you their bitch essentially. A 10-year residency is nice but if you can't do anything productive with it, it's not worth your time. Bahrain is a small country, even smaller than Qatar and UAE, 1 f**k up and the entire place will be boycotting you and your business, you can't afford mistakes and will be relying on being accepted in those small circles to be considered "successful".

3. People are getting tired of the royal family there seeing the post-oil era planning isn't benefitting everyone so the country's stability will become a challenge in the coming years. You don't want to move into a place that could become the next Tunisia at any time. There was already protests that resulted in the army firing live rounds at protesters. The place can go from peaceful to a war zone at anytime if the right conditions are there.

 

[GeneralGogol]

Praetorian said:
Some points to consider:

1. The country has no more oil, which is limiting its growth. Wealth disparities are getting worse which is turning the place into a pure oligarchy (A few very rich people own everything there and make it difficult for outsiders to come in and try to make money). At least in Dubai and Qatar the economies are a bit more open for outside investors and making money won't face the same road blocks as in Bahrain.

2. Your success in any venture (Literally anything), will depend on your ties with those higher ups, if you have no network and no government contacts, moving there will make you their bitch essentially. A 10-year residency is nice but if you can't do anything productive with it, it's not worth your time. Bahrain is a small country, even smaller than Qatar and UAE, 1 **** up and the entire place will be boycotting you and your business, you can't afford mistakes and will be relying on being accepted in those small circles to be considered "successful".

3. People are getting tired of the royal family there seeing the post-oil era planning isn't benefitting everyone so the country's stability will become a challenge in the coming years. You don't want to move into a place that could become the next Tunisia at any time. There was already protests that resulted in the army firing live rounds at protesters. The place can go from peaceful to a war zone at anytime if the right conditions are there.
Click to expand...

Every single post of @Praetorian is gold

 

[JonnyStekkino]

Anyone figured out which one is the correct current minimum? 200k or 50k?

 

[sydneyking]

50k

 

[myhand]

This is a very interesting thread, the post trail is also not bad. boomarked thread

Toggle signature
I do services that no one does at OffshoreCorpTalk - Get in touch with me e-mail - Do you have a problem, get in touch. Be clear to what you want, sneaky questions are ignored!
UK LTD with Nominee Shareholder & Nominee Director, passport and utility bill available, 2 days delivery - learn more!

 

[crashes777]

I wonder why there are no more discussions in the topic. Why consider Bahrain as a country to live in instead of looking at it as a tax haven?)

 

[PMbx]

JonnyStekkino said:
Anyone figured out which one is the correct current minimum? 200k or 50k?
Click to expand...

200k is for the gold visa 10 years

50k for self sponsorship visa for 2-3 years (renewable)

so both quantities are correct, but for different visas

 

[daniels27]

You did it?