Bahrain has reduced the restrictions on foreign ownership and is making comprehensive changes to its corporate laws and procedures to allow for easier company incorporation and a modernization of its administration process. It is hoped that the changes will boost investment into Bahrain. 100% foreign ownership is now allowed in a number of different areas including, but not limited to real estate and administrative services. Bahrain also offers a number of attractive incentives including:
- No exchange control restrictions
- No taxes on personal or corporate income
- No capital gains tax
- No withholding tax
- No VAT
- All Bahraini companies also allow shareholders or the directors an Investor’s Residence Visa.
Bahrain has long been considered a centre of major trade routes and is now branching out to encourage foreign investors and hopes to be a popular choice for doing business in the Middle East. It is particularly a competitive choice when considering access to Saudi Arabia which is the largest market in the region. It also has over thirty double taxation agreements in place covering Asia, Europe, the America’s, the Middle East and Africa as well as several significant bilateral agreements. If you would like to learn more about Bahrain and how it compares when establishing a company in any number of different jurisdictions, please do not hesitate to contact us.