Bahrain
The ISO code of Bahrain is BH according to the ISO 3166 standard. The local name of the country is Al Bahrayn. Bahrain capital city is Manama. People in Bahrain speak the Arabic language. On 16 December 1971, Bahrain emerged as a sovereign political entity. In the year 12/16/1971, Bahrain emerged as a sovereign political entity. The largest cities in Bahrain are Manama, Al Muharraq, Ar Rifa', Dar Kulayb.
Bahrain is located in the UTC +03:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Bahrain is .bh. The International dialing code for Bahrain is 973. People in Bahrain drive on the right side of the road. Total land area of Bahrain is 765 km² (approx. 295 mi²). Bahrain is not a landlocked country. It means that is is bordered by at least one major body of water.
Bahrain is located in Asia. Bahrain is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Bahrain faces various issues, including desertification resulting from the degradation of limited arable land, periods of drought, and dust storms, coastal degradation (damage to coastlines, coral reefs, and sea vegetation) resulting from oil spills and other discharges from large tankers, oil refineries, and distribution stations, lack of freshwater resources (groundwater and seawater are the only sources for all water needs).
Doing business in Bahrain
We offer various corporate services in Bahrain jurisdiction. These services can serve both, people coming from Bahrain and foreigners. If you plan on doing business in Bahrain you might be interested in contacting us.
To find out about starting your business in Bahrain click on company formation in Bahrain.
To find out how to open a bank account in Bahrain and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Bahrain.
Choose preferred service below or continue reading to find out more about Bahrain.
Demographics of Bahrain
The total population of Bahrain is 1,566,993 people. In Bahrain, the population density is 1626.6 people per square kilometer (4,232 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is rather diverse according to a fractionalization scale which for Bahrain is 0.5021. Bahrain has approximately 729357 foreign immigrants. The median age is approximately 31.6 years. In Bahrain, 88 in every 100 people use internet. Bahrain has a Human Development Index (HDI) of 0.815.
The majority religion of Bahrain is Islam, Bahrain is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Bahrain.
Culture of Bahrain
People in Bahrain speak the Arabic language. According to data on inbound tourists in Bahrain, 9,163,000 tourists arrive in the country each year. The first McDonalds in Bahrain was opened on 15 December 1994, and it was located in Muharraq City. One of the most popular national dishes of Bahrain is machboos. To read more click on culture of Bahrain.
Geography of Bahrain
Bahrain is considered to be a large nation because of its total area. Its total land area is 765 km² (approx. 295 mi²). Bahrain is located in Asia. Its capital city is Manama. Bahrain has no land borders.
The highest point of Bahrain is Jabal ad Dukhan, with its official height being 122 m (400 ft). Including land mass and EEZ, the total area of Bahrain is approximately 10,990 km² (~4,243 mi²). The most notable natural resources found in Bahrain are oil, associated and nonassociated natural gas, fish, pearls.To read more click on geography of Bahrain.
Economy of Bahrain
The currency of the country is Bahraini dinar. The symbol used for this currency is .د.ب, and it is abbreviated as BHD. 1.3% of population in the country are unemployed. The total number of unemployed people in Bahrain is 20,371. Each year, Bahrain exports around $20.69 billion and imports roughly $14.41 billion. The Gini Index of the country is 57. Bahrain has a Human Development Index (HDI) of 0.815.The Global Peace Index (GPI) for Bahrain is 2.142. Bahrain has a government debt of 32.1% of the country's Gross Domestic Product (GDP), as assessed in 2013. Bahrain is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, Islamic and offshore banking, insurance, ship repairing, tourism.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Bahrain is $35 billion. Each year, consumers spend around $6,724 million. The ratio of consumer spending to GDP in Bahrain is 23%, and the ratio of consumer spending to the world consumer market is 0.0194. The corporate tax in Bahrain is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. To read more click on economy of Bahrain.
Infrastructure of Bahrain
Infrastructure quality in Bahrain is rated to be at 3.04. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Bahrain, 97.7% of the population has access to electricity. There are 47,727 internet hosts in Bahrain. Bahrain has 4 airports nationwide.
The logistics performance index of Bahrain is 3.08. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.29. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Bahrain is 3. To read more click on infrastructure of Bahrain.
Politics of Bahrain
Bahrain, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Bahrain is 3. Citizens in Bahrain experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Hamad bin Isa Al Khalifa.
According to the World Bank Group, the government effectiveness index of Bahrain is 0.59. This indicates that the government of Bahrain is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Bahrain, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Bahrain is 2.142. The strength of legal rights index for Bahrain is 1. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. Bahrain is a member of the United Nations (UN). On 21 September 1971, it joined the UN as a full member state. Bahrain is a member of the World Bank. To read more click on politics of Bahrain.
Environment of Bahrain
Bahrain emits 17.9 metric tons per capita of CO2. 5 km² of Bahrain's territory is covered in forests. and forest land comprises 1% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Bahrain is 3. To read more click on environment of Bahrain.
Company formation in Bahrain
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Bahrain.
When establishing a company in Bahrain, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Bahrain that will affect the establishment and growth of one's business. Contact us or click on company formation in Bahrain to read additional information when setting up a business.
Bank account opening in Bahrain
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Bahrain. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Bahrain, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Bahrain or contact us.