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Bahrain Business
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Tulip Inn Olaya HouseThe Tulip Inn Olaya House is ideally located in the heart of the business district in Riyadh, surrounded by the famous shopping malls. The hotel is located in the heart of Riyadh, walking distance from major companies and government offices. The hotel features 88 rooms and banquet capacity for 200 persons with lobby cafe, shtoura restaurant, servin.....
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Crowne Plaza HotelThe Crowne Plaza Hotel Bahrain with its 246 well appointed rooms and suites all with high speed internet access is the perfect location for the business traveller as it is within the diplomatic area where most of the banks and embassies are located and conveniently situated within 10 minutes of the airport. The Crowne Plaza Hotel Bahrain has a larg.....
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Al Khaleej HotelA 3 star hotel, famously known as a Business man's home. Located in the heart of Deira, Dubai's best business district, ideal for shoppers and business minded guests alike. Hotel is situated overlooking the Creek Bazae, Al Nasser Square, Close to the worls's best gold souk. All rooms are with individual balconies and a choice of views ranging from .....
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Millennium Hotel Doha Commercial CenterSituated in the heart of the Commercial and Diplomatic area of Doha, the 5* Millennium Hotel Doha combines a mix of Arabic tradition and warm hospitality with a modern metropolitan feel. With a choice of 4 food and beverage outlets, spa, fitness centre and indoor rooftop swimming pool where our guests can relax whilst being pampered by our friendly.....
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Madinah Marriott Hotelluxurious, Elegant & Comfortable Guest Rooms. Airport - MED (18 km). Check-in/Check-out: 3:00 PM / 12:00 PM.....
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Habtoor Grand ResortThis luxurious hotel exudes an overwhelming sense of Arabian hospitality - an embodiment of the warmth of contemporary Dubai and the peak level of service associated with Habtoor Hotels. The hotel occupies Dubai's most enchanting beachside location and is perfect for business and leisure travelers alike......
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Bahrain is ranked the most economically free country in the Middle East and is the fourth most free economy in the world as ranked by The Heritage Foundation/Wall Street Journal.
Simplified administrative and legal systems
and procedures, along with rapid industrialization, have assured excellent
opportunities for the foreign investor considering Bahrain as a Middle
Eastern base for business activity. Investment incentives include:-
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100 per cent foreign ownership allowed for certain categories of business.
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No personal, corporate or withholding tax.
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No VAT nor any form of sales tax on goods or service.
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Duty-free access to the GCC States (subject to conditions).
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Sustained low inflation.
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No exchange controls.
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Strategic geographical position in a market of 100-million people
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‘Fast-track’ seven-day commercial registration procedure for new companies.
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A liberal and high standard of living.
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King Fahad Causeway between Bahrain and Saudi Arabia offers easy access to the largest single market in the region.
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A well-developed multi-lingual Labour force at one third the cost of those in industrialized countries.
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No customs duties on imports of raw materials, semi-finished commodities brought for further processing, imports required for development projects, machinery for manufacturing, or on goods imported for re-export.
Requirements for Foreign Companies wishing to work in Bahrain:-
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Company should be a joint stock company listed in the country of its incorporation or a closed company established at least three years before application for listing.
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Minimum paid-up capital = BD 3,770,000 (US$10,000,000).
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Net profit realized from principal operations for last three years preceding application for listing.
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Articles of Association and the laws of the country incorporation should contain no restriction on the transfer of the ownership of the company's shares.
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Minimum number of shareholders = 100.
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Must publish annual audited financial statements and un-audited (reviewed) semi-annual financial statements.
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Must assign a representative office in Bahrain to undertake the transfer of share ownership, distribution of dividends, financial reports
Listing Requirements for Domestic Companies
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Compliance with the New Commercial Companies Law.
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Minimum paid-up capital = BD500,000, 50 percent paid.
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Net profit realized in the previous two fiscal years.
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Minimum total annual turnover = BD500,000.
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Company assets should exceed paid-up capital by at least 20 percent.
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Minimum number of shareholders = 100.
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Must publish annual audited financial statements (within 3 months of the close of its financial year) and un-audited (reviewed) semi-annual financial statements.
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Must publish annual financial statements in at least one local newspaper.
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Must have transfer and representative offices in Bahrain.
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Post-listing value per share must not be less than paid-up value per share.
Commercial and
industrial land rates
Industrial Land US $2.70 per meter square per year
Industrial building cost (hangar type structure) US $333 per meter square
Average Office rents
High-end office blocks in downtown Manama and the Diplomatic Area US$550
to US$1000 per month
Medium range unit space (80 to 120 square meters) US$10 to $25 per meter
square per month plus services
Long-term land leases
Long term land leases for the purpose of establishing approved industrial projects are administered by the Industrial Areas Directorate of the Ministry of Commerce and Industry. Land is available on a long-term basis for a maximum lease of 50 years. These arrangements are governed by Legislative Decree Number 28 of 1999, with respect to the Establishment and Organizing of Industrial Areas, which sets out the rights and obligations of contracting parties.
Financing
In addition to the various credit and commercial loan arrangements available
to the international investor through the various banks and financial
institutions in Bahrain, two other financing options are available:
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The Bahrain Stock Exchange, which offers equity financing.
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The Bahrain Development Bank (BDB). BDB is Bahrain's primary financial development institution and was established in 1992 to promote and foster investment in the industrial, commercial and business service sectors.
The BDB provides a range of financing arrangements to promoters of small and medium size projects, including:
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Short and long-term composite loans for financing capital assets and a core portion of working capital.
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Venture capital in the form of equity participation in start-ups as well as existing projects.
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Arrangement of equipment leases.
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Financing of working capital needs for the purchase of raw materials.
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Arranging of export financing for goods manufactured in Bahrain.
The Bank maintains a maximum loan exposure of BD 500,000 per project. Given the Bank's objective of facilitating investment in Bahrain, it is able to offer:
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Excellent interest rates
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Flexible grace periods (of up to 3 years)
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Flexible repayment terms
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Highly competitive fee arrangements.
Financing for small
and medium size projects.
Eligible projects must be registered and licensed in accordance with
the laws of Bahrain. They should be economically viable and be supported
by an independent feasibility study produced by one of the recognized
consulting houses. The BDB provides services to investors of any nationality,
but demands that they have a good credit standing to provide further
contribution to the project.
In addition, an appropriate management structure must be in place, proper
accounting records should be maintained and the assets of the project
should be adequately insured, with the Bank named as beneficiary.
Project promoters will be required to execute security documentation
in accordance with the laws of Bahrain, and to maintain timely monthly
or quarterly management accounts, as well as to submit audited annual
accounts on time.
Commercial activities that are not eligible for BDB financing in accordance
with its statutes are the purchase of real estate, the repayment or
refinancing of debt obligations, the purchase of consumer goods and
the financing of wholesale and/or retail operations.
100% ownership is permitted for international companies
in the following areas of business:
Technology
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Highly specialized technical services, such as centralized services for computer companies and the preparation and marketing of their programs.
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Information technology and telecommunications.
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Cable and telecommunications services
Tourism
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Specialized international management services in areas such as:
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Hotels
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Restaurants
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Shopping Centres
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Real estate
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Tourism projects
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Healthcare
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Medical services
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Education and Training
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Education and vocational training services
Services
Manufacturing-related
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Re-assembly
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packaging and shipping of products produced by the company
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Using Bonded Areas for storage of products for re-distribution and catering to the needs of the local and regional agents of these products
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Providing support services for products produced by the company
Business-related
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Commercial project development consultants
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Liaison and monitoring of the distribution activities in the region of the parent company's goods or services
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Consultancy services
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International courier services for goods such as currencies, precious metals, documents, parcels, etc
Marketing, publication, promotion and advertisement of goods and services -
Specialized international exhibition organizers and specialized scientific seminars and shows
Industry
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Industrial projects.
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Industrial support service centres, such as large workshops providing specialized maintenance.
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reconditioning and repairing, as well as the fabrication and galvanization of steel.
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Maintenance of sophisticated industrial instruments.
Other
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Highly specialized scientific laboratories
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