Bahrain is by far one of the high-income economies and among the most economically liberal countries in the world. It is regarded as the gateway to Arab state thanks to its strategic location in the center of Middle East. The Kingdom boasts easy access to shipping traffic through the Persian Gulf and land route to the Arabian Peninsula.
In this regard, you should consider setting up a business in Bahrain if you want to safeguard your financial future. Still undecided on whether or not to do business in Bahrain? Below are some of the benefits that might make you change your mind.
Strong Currency
If you’ve done your homework, then you probably already know than Bahrain’s currency (Bahraini Dinar) is highly ranked worldwide. Just in case you might not know, the Bahraini Dinar equals to 2.65 USD, making it the second strongest currency in the world. What this simply means is that investing in Bahrain is a surefire guarantee that your money won’t depreciate in value.
100% Foreign Ownership
Compared to other countries in the Gulf, Bahrain allows for 100% business ownership to foreign investors. There are 375 different types of businesses that foreigners can own 100% in the Kingdom without any local sponsor. This remarkable policy offers you freedom of choice and investment security.
Conducive Business Environment
This is by far one of the main reasons why you should do business in Bahrain. Bahrain’s government works closely with businesses and regulators to unravel opportunities that aim at bolstering the Kingdom’s business environment and allow for optimum commercial conditions.
By working together with aspiring business owners, the country has made solid steps geared towards introducing initiatives that create an enabling and innovative ecosystem. That helps ensure businesses thrive.
When you choose to do business in Bahrain, you can benefit from business support programs, an advanced banking system, exceptional lifestyle, strategic location, and talented human capital. If the thought of starting a business in this part of the world has not crossed your mind yet, then there is no other better time to do so than now.
