31st July 2016
The new laws expected to have a positive implication for business, improve investor confidence and boost FDI
The government of Bahrain approved on 18 July a new law giving foreign investors the opportunity to own 100 per cent of businesses in various sectors. The landmark ruling was approved at a cabinet session led by Prime Minister Prince Al Khalifa
The new ownership law will apply to different sectors, including residency, real estate, administrative services, health and social work, information and communications, manufacturing and other technical activities.
The decision to allow full ownership of businesses by foreign entities and individuals is intended to “spur growth, generate rewarding jobs for citizens, and attract businessmen to invest in various economic sectors”
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