Guide to Doing Business Bahrain Prepared by Lex Mundi member firm, Hassan Radhi & Associates Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Through close collaboration, our member firms are able to offer their clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Lex Mundi – the law firms that know your markets. www.lexmundi.com A GUIDE TO DOING BUSINESS IN THE KINGDOM OF BAHRAIN Prepared by: HASSAN RADHI & ASSOCIATES LAW FIRM P.O. Box 5366 KINGDOM OF BAHRAIN Tel. +973 17535252 Fax +973 17533358 Email:
[email protected] Website: www.hassanradhi.com 1 Prepared by Hassan Ali Radhi, Senior Partner & Raju Alagarsamy, Senior Legal Consultant Hassan Radhi & Associates Law Firm, Kingdom of Bahrain (A member of Lex Mundi—the world’s leading Association of Independent Law Firms) Updated February 2015 Limitation This guide is a brief overview on the of scope subject. The information contained in this guide is only for the purpose of reference and is not intended to serve as legal advice. 2 CONTENTS 1. BAHRAIN AT A GLANCE 1.1 Introduction 7 1.2 Population and Language 7 1.3 Money and currency 7 1.4 Geography 7 1.5 Religion 8 1.6 Business Hours in Bahrain 8 1.7 Infrastructure 8 1.8 Public Services 9 2. GENERAL CONSIDERATIONS A. Investment Policies 2.1 Promotion of Investment 9 2.2 Rate of Inflation 10 2.3 Foreign Investment 10 2.4 Types of Businesses 12 B.