Bahrain's Business Environment by Philip Dew

By Philip Dew

This convinced advisor to the commercial projects now attracting overseas traders to Bahrain emphasizes the Kingdom's function as a neighborhood monetary hub. It offers overviews of key sectors: common assets, production, telecommunications and estate, and a transparent clarification of the felony and regulatory framework, banking, finance, accounting, taxation and advertisement practices crucial for overseas traders and company companions

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The characteristics of the annual report ought to cover: remuneration, nomination, audit and internal control and communications.

This is not to say that it is seen as anything but a courtesy to do so, and certainly not obligatory. Government The administration is also often felt as unnecessarily bureaucratic. For many, including most of the local large trading houses, the solution is to employ an independent public relations officer. These people have the knowledge and the patience to flounder through the government bureaucracy on your behalf, and generally their fees are not exorbitant (after trying to do it oneself, the fees will be positively cheap).

However, it is to be expected that a motivated, educated, indigenous work force will continue to reap benefits for the country long into the future. Within the local economy, short-term stresses are to be expected as inflationary pressure increases, historically cheap expatriate labour is made more expensive and the protected local market is opened up to greater competition. The labour market should see great transition. Increased freedom of movement of labour and higher labour costs (direct and indirect) will definitely have their impact on business.

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