Bahrain also known as Bahrayn (the two seas).
The first gulf country to discover Oil and Oil refineries. The first Gulf state to develop Finance sector and is now a leading country for Finance in comparison to Oil and Gas sector. This place provides Tax free Economy, No Vat and Variety of incentives. With highly developed transportation and communications facilities, Bahrain is a fast-growing market at the heart of the Gulf.
The cost of doing business in Bahrain is relatively low, approx. 40% lower than Dubai and Qatar*.
The basic costs such as rents for offices and industrial land are lower than elsewhere in the region. The highly developed telecommunications also account for Bahrain's success in the industry and financial sector.
The real estate market in Bahrain is also becoming more established due to a strong investor demand which is helping the Kingdom's rapidly growing economy. In the Gulf region, Bahrain is regarded as one of the most developing countries in the real-estate sector. Bahrain has been named the top expat destination in the Middle East, according to the Inter Nations Expat Insider 2015 survey. Bahrain was ranked the 17th most popular destination for expats in the world, ahead of the UAE in 19th and Oman in 24th out of a total of 64 countries analyzed.
So, why must you make Bahrain your first choice for your MENA business operations?
There are several ways of starting business in Bahrain, the most common being through the formation of a limited liability company (locally known as a WLL). Alternatively a client may choose to set up another type of business entity in Bahrain, such as a free zone company (FZC) as well as a branch or a representation of office of their existing overseas company.
Let’s have a close look on the Business entities in Bahrain in detail as bellow.
The Bahrain limited liability company (WLL)
The Bahrain free zone company (FZC)
It is possible to obtain a permit to operate in a free zone for the companies incorporated both locally and abroad. Such free zone companies are recommended for the clients intending to use Bahrain as a regional manufacturing or distribution base, with the bulk of their business conducted outside the Bahrain Kingdom. Free zones can also be used by import/export companies who only require an office in Bahrain. In Bahrain free zones, these corporate entities also enjoy zero customs duties and government rebates.
The Bahrain branch.
The Bahrain shareholding company (BSC)
The Bahrain representative office
The representative office of a foreign company is not permitted to make sales within Bahrain. Such an office will only be allowed to engage in activities such as i) promoting the business of parent company ii) market research. A local Bahrain agent or distributor must be appointed to represent the overseas company locally.
So why wait! Let’s do business and find office space in Bahrain with ABCN.