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Bahrain
Bahrain Politics, Geography, and Culture
Bahrain means ‘two seas’ and is situated between the Qatar peninsula and the north eastern coast of Saudi Arabia. It is an Islamic constitutional monarchy and is ruled by a Sunni king. It was one of the first states in the Gulf to discover oil and to build a refinery but developed the first post-oil economy in the Persian Gulf, the result of decades of investing in the banking and tourism sectors.
Summers in Bahrain are very hot with temperatures known to reach up to 50 °C (122 °F). Bahrain’s national bird is the bulbul while its national animal is the Arabian oryx. According to the UN, Bahrain has one of the fastest-growing economies in the Arab world with petroleum production and processing as Bahrain’s most exported product, and aluminum production as the second-most exported product, followed by finance and construction materials.
The major language spoken is Arabic, and the main religion is Islam. Bird watching (primarily in the Hawar Islands), scuba diving, and horse riding are the most popular tourist activities in Bahrain.
| 2021 | |
| May 1 | May Day |
| May 13 | Eid al-Fitr |
| May 14 | Eid al-Fitr Holiday |
| May 15 | Eid al-Fitr Holiday |
| July 19 | Arafat Day |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha Holiday |
| July 22 | Eid al-Adha Holiday |
| August 10 | Muharram |
| August 19 | Ashoora |
| August 20 | Ashoora (second day) |
| October 19 | The Prophet’s Birthday |
| December 16 | National Day |
| December 17 | National Day (second day) |
- Limited Liability
- Corporation
- Partnership
- Corporate Tax: 0%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 0%
- VAT/GST/Sales Tax: 5%
- Addax Bank B.S.C (Local Bank)
- Allied Bank Limited (Local Bank)
- National Bank of Bahrain B.S.C. – NBB (Commercial Bank)
- Bank of Bahrain and Kuwait B.S.C. – BBK (Commercial Bank)
- Ahli United Bank B.S.C. AUB (Commercial Bank)
- Arab Bank plc (Commercial Bank)
- Bahrain Development Bank B.S.C. – BDB (Commercial Bank)
- BMI Bank B.S.C – Subsidiary of Al Salam Bank (Commercial Bank)
- BNP Paribas (Commercial Bank)
- Citibank N.A. (Commercial Bank)
- Credit Libanais SAL (Commercial Bank)
- Eskan Bank B.S.C. (Commercial Bank)
- Future Bank B.S.C. (Commercial Bank)
- Arab Bank plc (State Bank)
- Habib Bank Limited – HBL (Foreign Bank)
- HSBC Bank Middle East Limited (Foreign Bank)
- ICICI Bank Limited (Foreign Bank)
- Mashreq Bank PSC (Foreign Bank)
- National Bank of Abu Dhabi (Bahrain Branch) (Foreign Bank)
- National Bank of Kuwait S.A.K. – NBK (Foreign Bank)
- Standard Chartered Bank – SCB (Foreign Bank)
- State Bank of India (Foreign Bank)
- The Housing Bank for Trade and Finance – Jordan United Bank Limited (Foreign Bank)
- United Bank Limited – UBL (Foreign Bank)
- Alubaf Arab International Bank (Bahrain) B.S.C. (c (Foreign Bank)
- Askari Bank Limited (Foreign Bank)
Aadmi can support you with your expansion to Bahrain. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
