Business friendly Bahrain
Take notice – Bahrain really means business
Entrepreneurship really thrives in pro-business environments. So it’s fitting that Gulf Life should celebrate entrepreneurs in the very same month Bahrain launches its most assertive campaign ever, setting out the positive business credentials of the Kingdom.
April 2008 marks a new chapter in the Kingdom of Bahrain’s relationship with the global business community. Acknowledged as the GCC member with a long trading history and a track record of pro-business reforms, the country, for the first time, will position itself unambiguously as “Business friendly Bahrain”.
The case for Bahrain is compelling. Its location in the Gulf means access to more than 60 per cent of Saudi Arabia’s GDP is within an hour’s drive of Manama. The regional air and sea connections from Bahrain are equally unrivalled. There is simply no better place to access the GCC – the world’s fastest growing collective economy.
The commercial climate in Bahrain is also special. For nearly 40 years, the Kingdom has been creating one of the most pro-business economies in the world. Bahrain is the only Middle East nation ranked in the top 20 for economic freedom worldwide. It is also the only country in the Gulf that makes 100 per cent foreign ownership easy – something that is also true when setting up a business. The acclaimed Bahrain Investment Centre removes obstacles to make registration and licensing as smooth as possible.
In addition, Bahrain has the Gulf’s lowest taxes and operating costs. The Kingdom’s workforce has been hailed as the region’s most skilled, while its track record in educational achievement is exceptional.
The verdict on regulation is just as good. The Government of Bahrain has earned the reputation for being the best in the region when it comes to initiating and enforcing international regulatory best practice. Bahrain remains the undisputed financial centre of the Middle East, with more than 400 banks and licensed financial institutions registered in the Kingdom – more than anywhere else in the region.
When it comes to quality of life and standard of living, Bahrain also leads the pack in the Gulf. It is open and cosmopolitan, and has the Gulf’s lowest costs, so residents and visitors can enjoy more for less. And the people of Bahrain are the most welcoming you’ll find almost anywhere. Bahrainis are friendly and business friendly in equal measure. Welcome to Business friendly Bahrain.
For more information visit www.bahrain.com
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