Tuesday, May 15, 2007

Meaning of Freehold Properties

As a home to people of varying ethnic backgrounds, Bahrain’s attitude to people of all cultures is welcoming and open. The state religion is Islam, but Christians, Hindus, and other faiths live comfortably together and worship freely. The best part, of course, is that the confluence of so many peoples of the world has enriched Bahrain’s restaurants, art and nightlife. So you can enjoy the best that the world’s tables offer. Classic French or Italian. Fast food. Indian curries and Chinese dishes. And your nightlife could be anything from traditional belly dancing to the latest in dancing.

Freehold ownership law makes it even more attractive for the expatriate to invest in real estate in Bahrain.

Under this law, the owner of the freehold property enjoys a self sponsorship Residence Permit for life renewable every 5 years. This Residence Permit allows the property owner to sponsor a Residence Permit for his spouse, & children under 18 provided that she does not engage in any kind of paid employment. The Residence Permit allows both the property owner and his wife the privilege of entering and leaving the country without having to procure a return visa.

Residence / Visa: Subject to change as per prevailing laws in Bahrain.

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