Daijiworld Media Network – Dubai
Dubai, Jul 18: In a bid to attract global talent and foreign investment, three of the Gulf region’s major economies—Bahrain, the United Arab Emirates (UAE), and Saudi Arabia—have launched long-term residency visa programmes in recent years. Each of these initiatives, while aligned with their respective national Vision 2030 agendas, varies significantly in cost, flexibility, and value proposition for expatriates.
Bahrain, through its Golden Residency program introduced in 2022 under Bahrain Vision 2030, has aimed to offer a straightforward and relatively affordable residency path. It targets skilled professionals, retirees, investors, and individuals with exceptional talent. The application process is streamlined, and the visa is valid for 10 years, fully renewable. The country has done away with the traditional kafala system, giving visa holders the liberty to change employers or start their own ventures. Real estate investment worth BHD 200,000 (approximately USD 530,000) or a monthly income of BHD 2,000 is enough to qualify. With a cost of living lower than its Gulf counterparts, Bahrain is increasingly being seen as a viable option for professionals and retirees seeking affordability coupled with flexibility.
The UAE, known for its dynamic cities and global connectivity, introduced the Golden Visa in 2019. Offering 5- or 10-year residencies, the UAE programme casts a wide net—welcoming not only investors but also medical professionals, scientists, creatives, and outstanding students. The minimum investment stands at AED 2 million (approximately USD 545,000). Though the processing involves multiple steps and fees depending on the emirate, the benefits are substantial. Golden Visa holders enjoy wide-ranging rights including employment, education, and business ownership, without the need for a local sponsor. However, the high cost of living, especially in cities like Dubai and Abu Dhabi, may pose a challenge for some.
Saudi Arabia’s Premium Residency programme, also launched in 2019, offers a permanent option with a one-time payment of SAR 800,000 (approximately USD 213,000) or a renewable annual plan at SAR 100,000. Aimed at attracting executives, entrepreneurs, and those with exceptional talent, the visa enables holders to work, own property, and conduct business freely without sponsorship. It forms a critical part of Saudi’s broader efforts under Vision 2030 to diversify its economy. While the VAT rate of 15% is higher compared to Bahrain and the UAE, the absence of personal income tax continues to be a major draw for expatriates.
Each residency programme caters to different profiles and ambitions. Bahrain’s ease of entry and lower costs favour middle-income professionals, retirees, and talents looking for a stable yet affordable Gulf base. The UAE suits those prioritising global exposure and business scalability, while Saudi Arabia’s offer is ideal for long-term investors eyeing the Kingdom’s rapidly transforming economic landscape.
In conclusion, the ideal choice depends on the applicant’s goals—be it cost-efficiency, career progression, or regional influence. With each country fine-tuning its policies to attract top global talent, the Gulf continues to evolve as a magnet for skilled migrants and investors from around the world.