Bahrain Launches Golden License To Make Large-Scale Investments

Tags: International News

Bahrain launched the Golden License Initiative to encourage investment and job creation in the country and aims to provide streamlined services and benefits to local and foreign businesses with large-scale investment projects in Bahrain.

An Overview of the News

• Companies with important strategic projects and investments of more than US$50 million or creating more than 500 jobs in Bahrain will be eligible for the licence.

• The Golden License offers various benefits, including priority land allotment for investment, infrastructure services, utilities, and streamlined access to government services such as business licensing and building permit approval.

• The licence will also provide support from Tamkin and the Bahrain Development Bank.

• The initiative was launched by Bahrain's cabinet, chaired by Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, to attract local and international investment to create job opportunities.

• India has the largest expatriate population in Bahrain, with around 350,000 Indians living in the country.

About Bahrain

• It is an island country located in western Asia on the Persian Gulf and consists of 50 natural islands and 33 artificial islands, of which Bahrain Island is the largest.

• The capital of Bahrain is Manama, which serves as the commercial and financial centre of the country.

• The majority of the population is Muslim, with Sunni and Shia Muslims being the largest groups.