Bahrain is a small but wealthy country located in the Middle East, known for its rich culture and history, as well as its modern infrastructure and business-friendly environment. If you are considering starting a company or business in Bahrain, there are several reasons why this may be a great choice for you.
Strong economy: Bahrain has a strong and stable economy, with a gross domestic product (GDP) of over $200 billion. The country is heavily dependent on its oil and gas exports, but it has also been diversifying its economy in recent years to reduce its dependence on these resources. Bahrain has a low unemployment rate and a high standard of living, making it an attractive destination for businesses and entrepreneurs.
Business-friendly environment: Bahrain has a pro-business government that is committed to creating a favorable environment for entrepreneurs. The country has a low corporate tax rate, and there are a number of free zones where businesses can be set up with minimal red tape. The government also offers a range of incentives and subsidies to attract foreign investment.
Strategic location: Bahrain is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal location for businesses looking to tap into the markets of the Middle East, Africa, and Asia. The country is also home to the world’s largest liquefied natural gas (LNG) export facility, which makes it an ideal location for businesses involved in the energy sector.
Modern infrastructure: Bahrain boasts a well-developed infrastructure that includes modern highways, airports, and ports. This makes it easy for businesses to transport goods and people in and out of the country. Additionally, Bahrain has a well-educated population and a high standard of living, making it an attractive destination for businesses looking to recruit skilled workers.
Tourism: Bahrain is a popular tourist destination and attracts millions of visitors each year. The country has a rich culture, history and a modern infrastructure, making it a great place to start a tourism-related business, such as hotels, restaurants or tour companies.
Bahrain National Vision 2030: Bahrain’s National Vision 2030 is a long-term strategy for the country’s development and aims to diversify the economy, create more jobs for citizens, and improve the overall standard of living in the country. As part of this vision, the government is investing heavily in infrastructure, education, and health services and also promoting private sector development.
In conclusion, Bahrain is a great destination for entrepreneurs and businesses looking to expand their operations. The country has a strong and stable economy, a business-friendly environment, a strategic location, modern infrastructure, a well-educated population, and a high standard of living. The government’s National Vision 2030 also makes it an attractive destination for long-term investments. If you are considering set up a business in Bahrain , it is definitely worth taking a closer look at the opportunities that this country has to offer.
Company formation expense in Bahrain vary case to case depends on activity of the company and number of partners. The list of fees for the With limited liability company that has one partner and the activity which no special approval are as follows:
1. CR without License 50 BHD
2. Municipality fees 20 BHD
3. Notary Fees 100 BHD
4. MOIC final CR fees 160 BHD
5. Office address costs between starting from BHD 150/per month
6. Municipality account/EWA account BHD 100
7. Consultancy fees starting from BHD 500