Introduces a new "golden licence" to promote FDI

On 3 April 2023, the Government of Bahrain introduced a new ‘golden licence’ that grants incentives and streamlines services for investors that back projects with a minimum value of $ 50 million or create more than 500 local jobs. According to the country’s Economic Development Board (EDB), the golden licence offers priority allocation of land, streamlined business licensing and building permit approvals, and support from the Bahrain Development Bank and labour fund. The golden licences, which will be available to both local and foreign firms, will also permit the review of laws and regulations to assist investors where “necessary and applicable.”

• Type:

  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • government of India, Bahrain launches Golden Licence to attract large-scale investment projects, https://newsonair.gov.in/News?title=Bahrain-launches-Golden-Licence-to-attract-large-scale-investment-projects&id=458757, 04 Apr 2023
  • fdiintelligence, Bahrain targets big FDI projects with golden licence, https://www.fdiintelligence.com/content/news/bahrain-targets-big-fdi-projects-with-golden-licence-82365, 11 Apr 2023
  • Union of Arab Chambers, Bahrain launches “Golden License” to attract companies and investment projects, https://uac-org.org/en/News/details/4785/%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86-%D8%AA%D8%B7%D9%84%D9%82-%22%D8%B1%D8%AE%D8%B5%D8%A9-%D8%B0%D9%87%D8%A8%D9%8A%D9%91%D8%A9%22-%D9%84%D8%AC%D8%B0%D8%A8-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-, 03 Apr 2023