Bahrain Introduces Golden License Program to Attract Investments
- Publish date: Tuesday، 04 April 2023
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Bahrain has introduced a Golden License program to encourage investment and job creation as part of its economic and fiscal reforms.
The program offers a range of benefits and incentives to companies with large-scale investment projects in Bahrain, making it more attractive for them to set up operations in the country. This can create over 500 jobs or have an investment value exceeding USD 50 million.
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One of the key benefits of the Golden License program is the priority allocation of land for investments, which can be a significant factor for businesses when deciding where to set up their operations.
The program also offers streamlined access to government services, including business licensing and building permit approval, which can help to save businesses time and money. This can be particularly beneficial in attracting investments and creating jobs in Bahrain, making it easier for both local and international companies to set up.
In addition to these benefits, companies with the Golden License will also receive support from Bahrain's Labour Fund, Tamkeen, and Bahrain Development Bank. This support can take the form of funding and resources to help businesses grow and create jobs in Bahrain.