New relaxed and flexible
visa policy will increase business and visitor in Bahrain www.dubaibusinesskey.com
Easy new visa policy that allows nationals of
more than 60 countries to obtain a visa on arrival in Bahrain has brought the
total number of countries with such an option to nearly 100.www.dubaibusinesskey.com
The new visa policy
will be implemented in 2015 and it is a significant development, with the
potential to affect over 2.5 billion people who can now obtain a one-month visa
on arrival, with the ability to renew the visa for another three months, In
particular, the new visa policy will further enable expatriates who do business
in Bahrain to travel in and out of the Kingdom more easily, in an additional
boost to the tourism industry.
Crown Prince Salman Bin Hamad Al Khalifa, First Deputy
Prime Minister and Chairman of the EDB who presented the new visa policy at a
Cabinet meeting, emphasised that reforms that supported the business
environment in the Kingdom would help to continue to attract inward investment
and drive forward economic growth and job creation.
The decision to revise the visa policy
was taken based on key trends in the investor base in the Kingdom, including a
58 per cent increase in international investors who owned businesses in Bahrain
between 2005 and 2012, and a 50 per cent increase in Arab investors with 17 per
cent in non-residence equity owners.
The United Nations Conference on Trade and Development
(UNCTAD) World Investment Report 2014, released last month, confirmed that
total foreign direct investment (FDI) into Bahrain in 2013 was $989 million
(Dh3.6 billion), an increase of 11 per cent on 2012, outpacing global average
growth of 9 per cent.
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