The fast-track setup process is a free service offered through a dedicated concierge, and includes:
- A fast-tracked entry process which will cover residency, visa requirements and business registration.
- Guidance from Bahrain’s incubators and accelerators, as well as access to their networks and programmes that will provide businesses with the connections they need to grow and expand.
- Access to grants and financial support.
The Bahrain Economic Development Board (EDB) – the investment promotion agency for the Kingdom of Bahrain.
International startups can benefit hugely from the entrepreneurial support structure in Bahrain – offering access to capital, talent and new markets. With a hassle-free approach to setting up businesses in Bahrain, there is no better base to scale across the growing $1.5 trillion Gulf market.
Around the time of this instrument's creation, the majority of foreign startups choosing to set up in Bahrain were from the UK, South East Asia, India, Singapore and the Middle East, from Lebanon, Jordan and Egypt. Companies from Saudi Arabia and Kuwait were also participating in the ecosystem because it is estimated to be 30-40 per cent cheaper to set up in Bahrain than in the UAE, for example. As of January 2020, there is a 50:50 ratio split of Bahraini and resident founders of startups and foreign companies.