16 July 2023 - On 26 June 2023, His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain, issued Edict (47) of 2023, granting a Platinum Residence Permit to long-term residents.
According to the Ministry of Interior for Nationality, Passports, and Residence Affairs, foreign nationals who have resided in the Kingdom for 15 years or longer are eligible to apply for a Platinum Residence Permit, provided they meet the following criteria:
The authorities have not yet provided any information on the Platinum Residence application process, the validity of the permit, or the implementation date.
For more information, please visit the following link.
Deloitte’s view
The introduction of the Platinum Residence Permit is a positive step in the continued development of the Kingdom's immigration system and aims to improve investment in the commercial sector.
Once implemented, holders of the Platinum Residence Permit will be allowed to own property in areas that were previously restricted to Bahraini nationals.
We will monitor any further developments and keep you updated.