Bahrain has made impressive progress in the startup space in recent years. Local startups played an important role in ensuring economic continuity through technological innovation during the COVID-19 pandemic by enabling existing businesses to embrace technology.
With its diversified economy, young educated workforce, and ease of doing business, Bahrain was well positioned to play a regionally significant role in developing start-up entrepreneurship. Bahrain is an attractive location for founders from elsewhere, permitting 100% foreign ownership of business assets across the economy and levying no corporate or income taxes. A number of regional and local accelerators have established a presence in the Kingdom in recent years. Bahrain has particularly strong credentials in the area of FinTech, building on the country’s long history as a regional financial hub. Bahrain FinTech Bay (BFB) is a dedicated FinTech-focused hub that has further benefited from proactive regulatory and institutional support from the Central Bank of Bahrain. The Build for Bahrain Acceleration Program, held by BFB in partnership with the U.S. State Department’s Middle-East Partnership Initiative, offers its own 6-week acceleration program. BFB is also collaborating with Standard Chartered and the Supreme Council for Women to run SC Women in Tech Bahrain, an accelerator program targeted at helping female-led startups to scale. BFB has also entered into other partnerships in order to support particular sub-sectors within the Kingdom. Together with R3, a leading enterprise blockchain software provider, BFB will provide key resources for blockchain-based startups within the ecosystem. BFB has also joined forces with the Real Estate Regulatory Authority (RERA) to develop joint projects to bolster Proptech within the Kingdom.
Ecosystem by the numbers
Reasons to move your startup to Bahrain
Attractive Business Environment
Highly Skilled Workforce
Low Cost of Living
Featured Articles from
Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.