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Bahrain launches 'Golden License' to attract investment, jobs

Published on April 08, 2023
Current Context: Bahrain announced the launch of a Golden License on April 2023, with an aim to attract major companies to invest in the Gulf country to increase investment, jobs.
Bahrain launches 'Golden License' to attract investment, jobs
  • According to the Bahrain Economic Development Board, only companies with a value of $50 million or plans to create 500 jobs in the country will be eligible for this license.
  • Bahrain's cabinet introduced this license in line with its October 2021 economic reform plan, with the goal of improved economic performance, creating jobs and attracting more local and foreign investment.
  • Last year, Bahrain introduced its Golden Visa program, aimed at attracting foreign investment.
  • Golden licensed companies will enjoy perks and privileges unavailable to others, including priority allotment of land for investment and access to basic services and utilities.

Question:

Q.1 Which country launches 'Golden License' to attract investment, jobs.
a. Bahrain
b. Ukraine
c. Russia
d. Europe

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