Overcoming challenges is part of what contributes towards the satisfaction of commercial success, but problems and issues that emerge need not be as obstructive as they often appear, if the right solution can be found. Meeting this challenge, reducing the cost of business and improving the business environment for firms operating in the GCC led to...
Pursuant to Bahrain’s Financial Trusts Law, in 2009 the director of the Financial Institutions Supervision Directorate of the Central Bank of Bahrain (CBB) authorised the first real estate investment trust (REIT). At the time, the existing collective investment unit (CIU) regulations recognised REITs as an asset class. The director had previously...
Revenue is a key performance measure for business, and there are recognised problems with the two main brands – the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) – which are based on different principles and give no guidance in certain key areas, such as arrangements involving multiple elements....
On track with its aim of laying the necessary groundwork for foreign businesses, the emergent tourism industry and progression in living standards, Bahrain is viewed by many as an ever-evolving country. Major infrastructure and industrial projects are being undertaken across the Kingdom. Bahrain Bay, a $2.5bn landmark waterfront community located...
As the provision of health care services in the Kingdom has continued to grow, one challenge facing the sector has been the increasing number of medical professionals required to staff facilities. This demand has been met in part by expatriate workers, but several local educational institutions also offer programmes to train Bahraini doctors, nurses...
Bahrain has the lowest corporate and personal taxes of all the GCC states. There is no personal income tax; no tax on capital gains; no withholding tax; no restriction on repatriation of capital, profits or dividends; and very few indirect taxes. There is also no value-added tax, property tax, inheritance tax or production tax. There were...
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