Bahrain

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Bahrain has been very flexible in enacting laws allowing foreign ownership in the country. Laws have been passed allowing nationals from other GCC countries to own property in Bahrain. Another decree was passed allowing foreigners and foreign investors 100% ownership of land and properties in predetermined areas. This law sets out areas where non-Bahrainis can own land, and property. Investors setting up their operations in Bahrain may choose either to lease government land through the Ministry of Finance and National Economy, or to purchase land in one of several sites designated by the government and open to non-Bahraini ownership. The areas that are open for foreign ownership are Ahmed Al-Fateh district, Hoora district, Bu Ghazal district, Seef district and the district of Northern Manama, including the Diplomatic Area, which houses the main international corporations. International investors may also own residential property in tourist developments such as Durrat al Bahrain, Dannat Hawar and Amwaj Islands. In addition, the government will provide the owner with a permanent resident permit in Bahrain for as long as the person remains the owner of the property. Further, foreigners may sell the property at any time afterwards to another foreign passport holder, but in that case his resident permit will be terminated along with the sale of the property. The easing in property ownership is a definite boost to the Bahraini real estate as more foreigners especially those residin