Bahrain offer businesses operating in the region five important advantages:
- its position at the heart of the Gulf makesaccess to every market in the Middle East quick and efficient – by road, air and sea. By car, Saudi Arabia, the Gulf’s largest economy, is less than an hour’s drive away and Riyadh, its business hub, is a four-hour drive. By plane, the United Arab Emirates is an hour flight and Qatar just 25 minutes; further,
- the region’smost liberal business environment, with zero taxation for private companies, few indirect taxes for private enterprises and individuals, and free repatriation of capital. the only country in the region offering 100% foreign ownership of business assets and real estate in most sectors. Bahrain is ranked the 18th most open economy worldwide by the Heritage Foundation and Wall Street Journal’s 2015 Index of Economic Freedom.
- Bahrain has atrack record as a modern international business economy stretching back several decades. the financial services sector has been thriving for 40 years and was recently judged the Gulf’s most sophisticated financial market.
- low costsare another important advantage. Basic costs such as rents for offices and industrial land are lower than elsewhere in the region. The combination of subsidies and privatisation in the utilities sectors, mean that electricity, gas and water costs are highly competitive. And with low living costs, wages are also highly competitive.
- the most educated and skilled workforce in the Gulf.