Why no one is considering no reportable and still 0% tax Bahrain?

#41
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What about the Internet infrastructure and Internet censorship there?
 
#45
Thank you for the link. Indeed, these apartments look decent.
However, this is priced in BHD. So, to get to USD we need to calculate with factor 2.7.
To avoid misinterpretation: Is the Bahrain residency program based on BHD or USD? Does it require 50k in USD or BHD??
 
#47
#49
https://www.npra.gov.bh/en/services...services/self-sponsorship-residence-permit-2/
The self sponsorship visa has an income requirement and does not allow you to work. The Golden property visa has no income requirement but allows you to work.
 
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#50
JonnyStekkino said:
https://www.npra.gov.bh/en/services...services/self-sponsorship-residence-permit-2/
The self sponsorship visa has an income requirement and does not allow you to work. The Golden property visa has no income requirement but allows you to work.
Click to expand...
The foreign property owner in Bahrain

  • A clear copy of the applicant passport valid for more than 6 months. (Family Page and any additional information page).
  • A copy of the applicant's ID.
  • A clear copy of the Certificate of good conduct.(for new applicants only)
  • A clear certified copy of the property deed stating that value of the property owned by the expat, the property value should not be less than (50,000 BD).
  • A clear copy of the Health insurance certificate for the applicant.
  • The applicant must have a source of sufficient income to support himself and his dependents, five hundred Bahraini Dinars (500 BD) per month or above.
  • A clear copy of the bank statement for six months.
  • A copy of the applicant's ID or the authorized person submitting the application.
  • A clear copy of the previous Residence Permit if available. .(for new applicants only)
  • A clear copy of the electric bill
 
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#51
JonnyStekkino said:
https://www.npra.gov.bh/en/services...services/self-sponsorship-residence-permit-2/
The self sponsorship visa has an income requirement and does not allow you to work. The Golden property visa has no income requirement but allows you to work.
Click to expand...
When reading what your link says with regards to "foreign property owner", it seems to be a cheaper version of the Golden Visa.
Do they really run both programs in parallel?
Did you apply most recently for a residence permit in Bahrain? Can you confirm that both programs are up and running??

Bahrain would not be the first country with an outdated government website, hence my questions ...
 
#52
They are 2 different programs, the difference is what I said before.. didn't applied yet, but I'm in the process of buying the real estate which even without that program is worth buying in my case.
 
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#54
JonnyStekkino said:
They are 2 different programs, the difference is what I said before.. didn't applied yet, but I'm in the process of buying the real estate which even without that program is worth buying in my case.
Click to expand...
Thanks for the info.
Please keep us posted how it works bureaucracy wise once you apply.

Regarding real estate (in this case the apartment you are about to buy): Are there any fees or taxes which need to be considered, on top of the advertised sale price?
 
#55

1,4% of the property for the transfer of the title deed (notary)
Agent fee's (if there is any), in my case around 0,7% of the property.

in my case (security appoval, notary fee's) were included in the agent fee, I guess it's almost always like that if you use a reliable real estate agency.

That's pretty much it.
 
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