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Bahrain

Bahrain Flag

Country: Bahrain
Region: Middle East
Currency: Bahraini dinar (BHD) (BD)
Languages: Arabic
Time Zone: UTC +3

Phone Code: +973

Communications: Good

Formation Cost: 7600 - 9200 USD$
Formation Time: 8 - 14 days
Maintenance cost: 4300 - 5300 USD$

Executive Summary: Bahrain is a 760 sq km archipelago in the Persian Gulf, off the east coast of Saudi Arabia. The population stands at just under 1.3m, although indigenous Bahrainis make up just 46% of it, with expats and foreign nationals making up the remainder. Arabic remains the official language, but English, Farsi and Urdu are widely spoken by Bahrain’s cosmopolitan population. Heavily dependent on oil, Bahrain has taken steps to diversify the economy in recent years, and its highly developed communication and transport facilities have attracted numerous multinational firms with business in the Gulf. Bahrain implemented a free trade agreement with the US in August 2006. Finance is a major component of the economy, and Bahrain is a centre for Islamic banking. Bahrain has experienced economic setbacks as a result of domestic unrest, however, several factors indicate that the economy is beginning to recover, such as the return of the annual Formula One motor race and tourist cruise ships. The business climate also remains extremely favourable, with no corporate tax payable except by oil companies and additional fiscal and legal privileges granted in the free zones.

Suitable for: Shipping, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited liability companies, joint stock corporations, branches, sole proprietors, general partnerships and limited partnerships

Capital primary business districts: Manama

Good Relationships: Canada, China, India, Japan, Jordan, Philippines, Singapore

Bad Relationships: Egypt, Iran, Kuwait, Turkey

Tax Burden - Business: Very Light

Tax Burden - Individual: Very Light

Headline tax rates: CIT 0%, PIT 0%, VAT 0%

Treaty Jurisdictions: Algeria, Austria, Barbados, Belarus, Bermuda, Brunei, Bulgaria, China, Czech Republic, Egypt, Estonia, France, Georgia, Iran, Ireland, Isle of Man, Jordan, Korea, Republic of, Lebanon, Luxembourg, Malaysia, Malta, Mexico, Morocco, Netherlands, Pakistan, Philippines, Seychelles, Singapore, Sudan, Syria, Thailand, Turkey, Turkmenistan, United Kingdom, Uzbekistan, Yemen

TIEA Jurisdictions: Australia, Canada, Denmark, Faroe Islands, Finland, Greenland, Iceland, India, Norway, Sweden

Information Links:

 

 

 

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Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

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