Bahrain calls for boost to bilateral trade

Kochi, Sep 26 (UNI) Calling for a boost to bilateral trade, business delegates from Bahrain invited Indian businessmen to invest in their country which offered 'immense opportunities' for entrepreneurs.

Business Development Officers Hameed Al-Hammed and Mr Adel Hameed and Bahrain Economic Development Board Country Representative Ganesh Raja explained the possibilities of boosting economic co-operation between the two countries at an interactive session organised by the Export-Import Bank of India in association with the Indian Chamber of Commerce&Industry on Monday here.

They said Bahrain had no corporate or personal Income Tax and offered free movement of capital, full foreign ownership of business assets and real estate, more than 65 bilateral agreements on trade investment and avoidance of double taxation and world class telecommunications infrastructure.

Besides, the Kingdom provided attractive business economics, equal treatment of domestic and international companies and lower cost of living when compared to major cities in the Gulf, they claimed.

The delegates also enumerated the advantages of the Bahrain International Investment Park which gave investors high quality serviced land, 50 years renewable lease, office space and industrial units.

UNI