The Kingdom has just taken a giant leap towards attracting big investment opportunities and creating more jobs. The game-changing Golden License offers incentives and streamlined services to both local and foreign businesses with huge investment projects in Bahrain.
This is a major step towards incentivizing investments and boosting job creation under the government’s ongoing fiscal and economic reforms. Plus, it builds upon Bahrain’s growing investment attractiveness, as the country has recently hit its highest Real GDP growth rate in nearly a decade.
Eligible companies include those with strategic projects that create over 500 jobs or exceed an investment value of USD 50 million, which comes with a ton of perks, including prioritized land allocation, streamlined government services, and support from The Labour Fund (Tamkeen) and Bahrain Development Bank. The Golden License was introduced by His Royal Highness Prince Salman bin Hamad Al Khalifa, Bahrain’s Crown Prince and Prime Minister, and is part of the Economic Recovery Plan.
With a designated account manager from Bahrain’s Economic Development Board and potential review of laws and regulations, the Golden License is sure to make your investment journey smoother and more profitable.