The aim of the Sovereign Business Hub is to inspire, motivate and nourish small businesses and start-ups with innovative products and services in Bahrain by providing a platform for entrepreneurship and a centre of excellence for business collaboration.
This will lead to job creation, economic diversification, innovation and technological commercialisation in Bahrain, while encouraging business retention in the Bahraini community and enabling Bahrain-based firms to have a regional and global impact.
Bahrain is one of the most open economies in the Middle East and North Africa (MENA) region and is well positioned to provide investors and start-ups with investment opportunities and access to regional and international markets.
The Bahrain government is focused on encouraging foreign direct investment (FDI) in the manufacturing, logistics, information and communications technology (ICT), financial services, tourism, health and education sectors.
Bahrain works to promote startup culture and aims to foster a greater role for the private sector to promote economic growth. In most sectors, Bahrain permits 100% foreign ownership of a business or branch office and has no tax on corporate income, personal income, wealth, capital gains, withholding or inheritance. Bahrain has no restrictions on repatriation of capital, profits or dividends.