Bahrain’s Startup Visa Program is designed to attract and support entrepreneurs looking to establish and grow their businesses in the Kingdom. With its business-friendly regulations, 100% foreign ownership, and access to funding opportunities, Bahrain offers a thriving environment for startups. Here’s a simple guide to understanding the eligibility, application process, and benefits of Bahrain’s Startup Visa Program.
Who is Eligible?
The Startup Visa is available to:
- Entrepreneurs with innovative business ideas looking to establish a startup in Bahrain.
- Foreign founders seeking to relocate their business operations to Bahrain.
- Tech-driven and high-growth startups that can contribute to Bahrain’s innovation ecosystem.
Key Benefits of the Bahrain Startup Visa
- Residency for up to 2 years with the option to renew.
- 100% foreign ownership without the need for a local sponsor.
- Access to funding and incentives from organizations like Tamkeen and Bahrain Investment Market.
- Entry into Bahrain’s thriving startup ecosystem, including incubators and accelerators like StartUp Bahrain, Flat6Labs, and Bahrain FinTech Bay.
- Streamlined business registration through Bahrain’s online Sijilat portal.
Step-by-Step Application Process
- Prepare Your Business Plan
- Submit a detailed business model outlining your startup’s vision, growth potential, and market strategy.
- Submit an Application to the Economic Development Board (EDB)
- Apply through the EDB, which assesses the viability of your startup and its contribution to Bahrain’s economy.
- Receive Initial Approval
- If your application is approved, you will be issued a Startup Visa approval letter.
- Complete Residency & Business Registration
- Register your business via Sijilat and apply for residency through Bahrain’s Labour Market Regulatory Authority (LMRA).
- Secure Office Space & Start Operations
- Set up in a co-working space, accelerator, or commercial office.
Why Choose Bahrain for Your Startup?
Bahrain offers a cost-effective, innovation-driven environment with easy access to the GCC market. Whether you’re launching a FinTech startup, AI-driven solution, or e-commerce platform, Bahrain’s Startup Visa makes it easier to establish and grow your business with minimal barriers.
For entrepreneurs looking to tap into the region’s booming economy while enjoying a seamless, startup-friendly setup process, Bahrain’s Startup Visa Program is the perfect gateway to success.
