Bahrain, a dynamic business hub nestled in the heart of the Middle East, presents a compelling opportunity for Hong Kong businesses seeking to expand their global footprint. With a diversified economy, strategic location, and pro-business policies, Bahrain offers a gateway to the lucrative GCC market. The recent Double Taxation Agreement (DTA) between Hong Kong and Bahrain further strengthens these ties, making now the ideal time to explore this burgeoning market.
This comprehensive guide will equip Hong Kong exporters with the essential knowledge and insights to successfully navigate the Bahraini landscape.
Why Bahrain? Understanding the market's unique advantages
While Bahrain may be best known for its oil and gas sector, its economy has undergone significant diversification in recent years. Key sectors such as finance, tourism, logistics, and ICT have experienced substantial growth, creating a stable and resilient economic environment. To date, Bahrain has the most diversified economy in the Gulf Cooperation Council (GCC), with 83 percent of the nation’s GDP stemming from non-oil sources. This diversification translates into numerous opportunities for Hong Kong exporters across various industries.
Bahrain boasts a welcoming business environment characterized by pro-business policies, low taxes, streamlined regulations, and 100% foreign ownership allowance. According to website The Banker, Foreign Direct Investment (FDI) inflows into Bahrain are at the highest it has been since 2013, reaching $1.95bn in 2022. These factors, coupled with the Hong Kong-Bahrain (CDTA), which eliminates double taxation and reduces tax burdens between the two nations, make Bahrain an attractive destination for Hong Kong’s businesses.
Strategically located in the Gulf region, Bahrain provides easy access to neighboring markets like Saudi Arabia, the UAE, and Kuwait. Bahrain boasts a world-class port and airport, with ongoing investments in logistics infrastructure to further enhance efficiency and connectivity. The nation’s proximity as well as excellent infrastructure and connectivity, makes it an ideal hub for businesses looking to not only serve the Bahraini market but also re-export goods to other GCC countries.
DHL Express: Your Partner for Shipping to Bahrain
With its numerous advantages and burgeoning e-commerce sector, Bahrain presents a lucrative opportunity for Hong Kong businesses. To capitalize on this potential, efficient and reliable shipping to Bahrain is crucial.
As a global leader in logistics, DHL Express offers seamless international shipping to Bahrain, ensuring your goods reach their destination quickly and securely. Our services are designed to meet the unique needs of Hong Kong exporters, providing:
- Seamless integration with major e-commerce platforms: Streamline your international shipping to Bahrain and other origins with our integrated solutions, facilitating efficient order fulfillment and delivery.
- Reliable and fast delivery: Ensure customer satisfaction with our fast and reliable delivery services, enhancing your brand reputation and fostering customer loyalty.
- In-depth knowledge of Bahrain’s import regulations: Navigate the complexities of Bahrain’s custom duty, import tax and regulations with our expert guidance, ensuring smooth clearance and minimizing delays.
- Competitive rates for shipping to Bahrain: Optimize your shipping costs with our transparent and competitive pricing structure.
Ready to tap into Bahrain's thriving market? Open a DHL Express business account today and unlock a world of opportunities.
