Quick Links
Jurisdiction list
- Bermuda
- British Virgin Islands
- Dublin
- Gibraltar
- Guernsey
- Hong Kong
- Isle of Man
- Jersey
- Malta
- view more jurisdictions
Featured Provider
Search
LATEST NEWS
14-07-2009
Tax Havens Buck European Property Slump 20-04-2009
Cyprus is Europe’s most attractive tax regime, survey finds 20-04-2009
Bank secrecy jurisdictions pledge to cooperate on tax data exchange
Government DepartmentsTax Havens Buck European Property Slump 20-04-2009
Cyprus is Europe’s most attractive tax regime, survey finds 20-04-2009
Bank secrecy jurisdictions pledge to cooperate on tax data exchange
Financial Regulators
LATEST ARTICLES
Selected Vacancies
Bahrain
Physical Facts |
|
| Population: | 718,306 (July 2008) includes 235,108 non-nationals |
| Location: | Middle East. Archipelago of 36 islands located east of Saudi Arabia in the Persian Gulf. |
| Area: | 665 square kilometres. Four main islands make up the majority of the land area and are linked by causeways. |
| Climate: | Arid climate, mild, pleasant winters with average temperatures between 20 – 30 C,. Very hot, humid summers ranging from 30 – 40 C |
| Transport | Airports, heliports, roads, Port |
| International Direct Dialling prefix: | 973 |
| Internet Country Code | .bh |
| Time difference on GMT: | + 3 |
Administrative Facts: |
|
| Status: | Constitutional hereditary monarchy. King Hamad bin Isa al-Khalifa; Heir Apparent Crown Prince SALMAN bin Hamad (son of the monarch) |
| Government: | The Prime Minister and cabinet are appointed by the King |
| Legal System: | Bicameral legislature. Consultative Council of 40 members by the King and the Council of Representatives elected for a period of 4 years. |
| Language: | Official language is Arabic. English, Farsi, and Urdu are also widely spoken |
| Education system: | Education is not compulsory and is free to Bahrainis and non nationals. |
| UK Embassy: | 30 Belgrave Square, London SW1X 8QB Tel: 020 7201 9170 Fax: 020 7201 9183 |
| Residency/Working Requirements: | Potential entrants to the country require a sponsor - this is generally your employer. Your sponsor will usually arrange all visa's and required documents. A full medical must also be undertaken. |
Fiscal Facts |
|
| Legal tender & currency: | Bahraini dinar (BHD) |
| VAT: | None |
| Sales Tax: | None |
| Banking: | Bahrain is focused on Islamic banking and is competing on an international scale with Malaysia as a worldwide banking centre |
| Annual Government Revenue: | $5.418 billion |
| Annual Government Expenditure: | $4.968 billion (2007 est.) |
| GDP: | US $16041 million (world bank 2007) |
| Minimum wage: | |
| Financial Services Regulation: | Single regulator the Central Bank of Bahrain (since 1973) |
| Financial Services Regulation Contact Details: | Central Bank of Bahrain Tel (973) 17 547777 Fax 973) 17 530399 |
Tax Facts |
|
| General: | All profits, dividends, or any other income is tax-free. There is no withholding tax, capital gains tax, gift tax, or estate duty. Similarly, there is no tax on sales such as the Value Added Tax (VAT). |
| Corporate Tax: | No corporation tax |
| Individual – resident: | No personal income tax. Since June 2007 employees charged 1% of their salary for unemployment insurance scheme |
| Individual – non-resident: | No personal income tax |
Featured Provider Title of Bahrain
Featured Provider Content of Jurisdiction 12
Featured Provider Content of Jurisdiction 12
Featured Provider Content of Jurisdiction 12
Featured Provider Content of Jurisdiction 12
