Once the commercial registration documentation is approved by MOIC to start the business operation, then, the companies must obtain approvals and licenses from regulatory agencies and government bodies in Bahrain.
Why is it Beneficial to Register a Company in Bahrain?
There are various opportunities for investors when they think of company formation in Bahrain in terms of outstanding infrastructure and business environment.
It has been highly recommended for doing business in Bahrain because of factors like a competitive market, low operating cost, and worldwide easy access to trade activities.
Company formation in Bahrain also allows the business to expand its business in other GCC region.
Increased stability is offered to companies as they follow flexible rules and regulations.
In most of the sectors, individuals are allowed for 100& foreign ownership.
If compared to other GCC regions the operating cost in Bahrain is comparatively low for the business owners/investors.
Access to modern financial services has been made easy for businesses and investors.
Government agencies provide flexibility for foreign investors and do not interfere in their operations. However, to enhance business opportunities in various sectors, the government authorities provide full support to the companies.
For the companies operating from Bahrain, the import and export tariffs are very low.
What Attracts Investors for Doing Business in Bahrain?
Investors / Business Owners feels more satisfied as compared to other GCC region when it comes to company formation in Bahrain. Through Bahrain, the visa policies and access to other Middle East countries are very easy.
It is quite clear that the cost of company formation in Bahrain is relatively low as compared to other GCC countries which also include the rent of industrial land and office rent. It is a very fast-paced process to set up a company in Bahrain or to establish a branch office. Approximately 50% of expatriates are consisting of multicultural nationalities.
Company formation in Bahrain is profitable for business owners especially those who belong to the trade sector as it enhances their business through the Persian Gulf. Other sectors like construction, aluminum production, oil, and finance are the major source of economic stability in Bahrain.
There are no special taxes associated in Bahrain like that of property tax, corporation tax, withholding tax, gift tax, etc. Only major sectors like oil production, refineries, and oil industry, and distribution companies are liable to pay the taxes.