Like many countries in the Persian Gulf Cooperation Council, investment in Bahrain is tax-free for most private companies, with the exception of companies in the oil and gas exploration, refining and production sectors. However, Bahrain allows 100% ownership of commercial assets in certain sectors, which is considered a privilege. Self-sufficient residence is granted to foreign property owners, individuals who qualify for a Bahrain investment visa, as well as foreign retirees.
The average price of housing in the center of Bahrain is relatively high, so that these houses are priced at 2,790 dollars per square meter, and outside the city, the average housing price in this country is 1,800 dollars per square meter. The demand of foreigners to buy property in Bahrain in 2022 reached its highest level since 2014. Official statistics show that this increase in interest in buying property in Bahrain is the result of the golden stay in this country and has reached its highest rate since 2014. The turnover of foreigners to buy property in Bahrain, excluding citizens of the Persian Gulf countries, has reached 60.69 million dinars (161 million dollars), which is the highest rate in the last eight years.
Bahrain is a country consisting of 33 islands in the Persian Gulf and its area is 760 square kilometers. Most of these islands consist of desert plains. The country's sources of income are through its natural resources, which include natural gas, oil, fish and pearls. In recent years, with the reduction of oil reserves, Bahrain has turned to oil processing and refining industries and is becoming one of the international banking centers.