HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, has instructed the Minister of Interior to prepare a draft edict to create a new self-sponsorship residency permit for foreign investors.
Under the new system, which is designed to reinforce Bahrain’s position as an investment destination, foreign investors will be able to obtain a 10-year, renewable residency permit on a self-sponsorship basis.
HE Lieutenant General Shaikh Rashid bin Abdullah Al Khalifa, the Minister of Interior, affirmed the importance of instilling the principles of Bahrain’s Economic Vision 2030 - sustainability, competitiveness and justice – across all development areas.
In this regard, HE the Minister noted that government efforts to advance public services in line with international best practises are aimed at supporting an economic environment conducive to securing growth and investment in key sectors.
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