The Startup Ecosystem of Bahrain

Bahrain boasts a diverse and multicultural society, with over half of its population being expats, making English widely spoken and foreign influences prevalent. This unique cultural blend has made the country an attractive hub for entrepreneurship. While the oil and gas industry still plays a significant role in Bahrain’s economy, the country has successfully established new ecosystems to nurture startups and provide early-stage business support. Embracing the wave of technological innovation in the Gulf region, Bahrain offers a conducive legal framework and a range of support systems for startups and entrepreneurs. With lower taxes and operational costs compared to other countries in the region, Bahrain has positioned itself as an ideal location for startups. Initiatives like StartUp Bahrain and Bahrain FinTech Bay, supported by the active involvement of the public sector, showcase Bahrain’s commitment to fostering a thriving startup scene. The Bahrain Economic Development Board, with its offering of 100% foreign ownership, zero corporate tax, and cost competitiveness, is particularly commendable for attracting global startups looking to relocate. Additionally, Tamkeen, a government agency, deserves recognition for its various programs and initiatives, such as the Start your Business Program, aimed at supporting the startup ecosystem.