Bahrain is ranked the 12th most open economy worldwide by the Heritage Foundation and Wall Street Journal’s 2013 Index of Economic Freedom. Bahrain is booming with investment opportunities and is considered to be one of the most preferred destinations when it comes to investment in the entire Gulf region.
Why Invest in Bahrain?
Bahrain’s liberal laws, tax policy incentives, beneficial trading regulations make it a great platform for Germans to invest in bilateral relations between Bahrain and Germany, which dates back to 1972. Efforts have been made time and again to strengthen this relationship through various policy incentives. The Economic Development Board of Bahrain recently organised a delegation in the first half of 2015 to boost trade ties with Germany. Listed below are some of the advantages of the investment opportunities offered by Bahrain.
- Ease of Access to the Entire Gulf Region – The country enjoys a strategic location and is well connected to the entire gulf region through air, road and sea. It is connected to Riyadh, the capital of Saudi Arabia, while you can fly to countries, such as Qatar, in less than an hour. Its strategic location provides easy access to the entire gulf market.
- Highly Favourable Tax Structure – Bahrain boasts a highly favourable tax structure with no personal, corporate or withholding taxes. It has few indirect taxes for private enterprises but allows free repatriation of capital to your home country.
- Full Ownership – Unlike other gulf countries, Bahrain offers 100 percent ownership of your business enterprise without a local partner or a free zone. Sector specific or company type restrictions may apply, however.
- Fully liberalised telecommunications sector
- 100% foreign ownership of business assets and real estate in most sectors.
- Successful Business Track Record – The country has a track record of 40 years of modern international business economy.
- Low Costs – The office spaces and other business requirements are available at a fairly low cost in the entire GCC region.
- Skilled Workforce – The country also boasts one of the most skilled workforces in the GCC region, with a huge percentage of bilingual people. This would translate into lesser expat packages, lowering business costs and eventually expanding investment opportunities.
- Stable Financial Services – A strong and stable financial structure is in place with the currency pegged against the US dollar. A host of Bahraini and international banks operate across the country.
- Ease of Visa Approval – New improved visa policies have been put in place, which include issuance of visa electronically or upon arrival, visa extension and the issuance of multiple entry visas for most nationalities.