BAHRAIN
Bahrain has one of the first post-oil economies in the Persian Gulf having invested heavily in the banking and tourism sectors. With no ‘free zone’ restrictions to speak of, they offer 100% foreign ownership of business assets and real estate. Currently ranked No 1 for Most Favourable Tax Regime in the world; no Corporate income tax, personal income tax, wealth tax of capital gains, no withholding tax and few indirect taxes.