Bahrain International Investment Park (BIIP)

The Bahrain International Investment Park was started with the aim of growing the industrial sector and boosting FDI in Bahrain with high-value-added projects. BIIP is a 3 million sq. meters industrial park located in the Salman Industrial City. It’s positioned on the north coast of Bahrain, which is close to the Bahrain Logistics Zone (BLZ) and the Khalifa Bin Salman Port.

It was established in 2005 and was designed to be a fully serviced industrial manufacturing centre with all essential amenities.

Businesses located in this area are considered to operate from Bahrain's mainland. This is within the GCC market, empowering them with seamless cross-border access and regional promotion of their products and services.

Advantages of Setting Up Business in Bahrain International Investment Park

There are various advantages to setting up a business in BIIP. These will increase the profitability, goodwill, success, etc, of your company.

The advantages are as follows –

• 100% foreign ownership.
• 100% Repatriation of capital.
• Free trade access to the USA.
• No minimum capital requirements.
• Simple procedures with multiple benefits.
• No recruitment restrictions for the first 5 years.
• Zero Percent Corporate Tax Guaranteed for 10 years.
• Exemption from import duty on raw materials and equipment.
• Duty-Free Access to GCC Markets under the Greater Arab Free Trade Area (GAFTA).
• Wider-Duty Free Access to Singapore, Norway, Switzerland, Iceland, and Lichtenstein.
• Strategic Location – The BIIP is located adjacent to Bahrain Logistics Zone (BLZ), 3.3 km to Bahrain Investment Wharf, 6.3 km Proximity to Khalifa Bin Salman Port, twenty minutes fromBahrain International Airport (BIA) and 50 km from King Fahd Causeway which connects Bahrain to Saudi Arabia.

Facilities in Bahrain International Investment Park

This industrial park provides many facilities to businesses, which makes it an attractive location for business setup. Business owners get to enjoy the following facilities upon setting up their business:

• Lower operating costs.
• Convenient serviced office spaces.
• High-Quality Serviced Industrial Land.
• Affordable and Purpose-Built Infrastructure.
• Custom Pre-Built units are available for companies.
• Full property ownership with a 25-year renewable Lease.
• Excellent connectivity to Bahrain International Airport (BIA) and Khalifa Bin Salman Port.

Activities for Bahrain International Investment Park

There are certain types of businesses, industries, sectors, etc. which are favourable to business owners. It’s helpful to learn about them for making the right decisions.

The ideal types of businesses are as follows –

Types of Business:

• Large-scale manufacturing 
  (like B.S.C Public, Foreign Company Branch).
• Small and Medium Enterprises 
  (like Limited Liability Company, B.S.C Closed).

And these are the industries you should consider - 

Types of Industries:

• Information Technology.
• Iron and Steel Engineering.
• Food Processing and Packaging.
• Construction Material Manufacturing.
• Aluminium Smelting, Rolling and Export Industries.
• Medical Industries (i.e., Pharmaceuticals, Medical Devices).
• Consumer Goods (i.e., Electronics, Garments, and Textiles).
• Material and Chemical Processing (i.e., Plastics, Fiberglass, Petrochemicals).
• International Services (i.e., Consulting, Marketing, Logistics, Knowledge-Based Services).

Process of Setting Up a Company in Bahrain International Investment Park

Company formation in Bahrain requires certain steps. It helps in ensuring compliance, maintains professionalism and completes the process in a hassle-free way. 

The steps are as follows –

1) Submitting an Application Form:

The investor who wishes to set up a business in the BIIP must prepare the application form. He has to submit it with the business plan to the necessary authority for further project approval.

The special committee established within the Ministry of Industry, Commerce (MOIC) makes recommendations to the Ministry on all the submitted applications. 

2) Organising a Site Survey:

After the BIIP committee approves the project, you will have to do a site survey. A special team is formed to visit the site and initiate the decided projects. 

This team will make an environmental assessment of the project and make payments for the administration fee by the investors.

3) Obtain an Industrial License:

According to the type of business, the industrial license is granted after filling out the application form. It’s granted after fulfilling the requirements and getting the approvals. 

4) Lease Agreement:

After getting the industrial license, the company members must sign the lease agreement for the industrial area. Once the agreement is approved, the company must proceed to obtain a building permit for commencing construction. 

Documents Required for Setting Up a Business in Bahrain Investment Park 

• Copy of the Applicant CPR (if Bahraini resident) or Passport (if non-Bahraini).
• Outline of the Proposed Business Plan.
• A Preliminary Site Development Plan.
• Preliminary Industrial License.
• Application Form.

Foreign Companies Operating in the Bahrain International Investment Park -

Many international businesses are operating in the Bahrain Investment Park. This signifies the scope of businesses in Bahrain Investment Park.

The names of these companies are:

• CPIC Abahsain Fiberglass M.E (Chinese & Saudi Arabian Fibreglass Manufacture)
• MTQ Oilfield Services (Singapore Specialist Engineering Services Company)
• BASF (Internationally recognised German Chemical Manufacturer)
• Kintetsu Group (Japanese Conglomerate in Freight Forwarding)
• Ariston Thermo Group (Italian Thermo Product Manufacturer)
• Siemens (German Industrial Manufacturing Conglomerate)
• Alstom (French Multi-National Rail Transport Company)
• JBF Industries (Indian Polyester Company)
• American Express (US Banking Company)
• Arabian Sugar Company (Saudi Arabia)
• Mondelez Group (US Food Company)

Reasons to Set Up a Business in Bahrain International Investment Park

Let’s understand the reasons for setting up a business in BIIP –

• The Bahrain Investment Park offers a unique opportunity for entrepreneurs looking to start their manufacturing and international business operations in Bahrain.
• The park is positioned in a favourable location. It provides great infrastructure, beneficial legal and financial mechanisms, and a suitable environment with high-quality services, etc.
• It’s an exclusive industrial business park in the Middle East with advanced facilities because it offers a tax-free regime with full duty-free access to Gulf Cooperation Council (GCC) markets.

Hence, setting up a business in BIIP comes with an organised procedure. Your BBIP company will be successful if established with the help of a consultancy firm. One such firm is Commitbiz. 

We are helping entrepreneurs like you by making the process hassle-free.

Contact us today as our Bahrain team experts will offer the right guidance around company incorporation in Bahrain according to the local laws, customs and business environment.