Bahrain launches 'Golden License' to attract major investment, jobs
Only companies with major investment and project portfolios will be eligible for the license, with either a $50 million value or a plan to create 500 jobs in the country, according to the Bahrain Economic Development Board.
Bahrain announced the launch of a Golden License on Monday, aimed to attract major companies to invest in the Gulf kingdom, by providing incentives and streamlined services to these businesses .
Bahrain’s Cabinet introduced the license in line with its October 2021 Economic Recovery Plan, to create jobs and attract greater local and foreign investment with the goal of better economic performance. Last year, Manama introduced its Golden Visa program, also aimed to attract foreign investments.
What happened: Bahrain announced the launch of a Golden License to attract large-scale local and foreign investment companies and projects into the kingdom and help boost its economy and reduce its debt, estimated at 121.7% of its gross domestic product (GDP).
Only companies with major investment and project portfolios will be eligible for the license, with either a $50 million value or a plan to create 500 jobs in the country, according to the Bahrain Economic Development Board.
