- MP Hassan Ebrahim proposes a free zone near Khalifa Port where companies can store and re-export goods without paying VAT upfront.
- VAT would only be charged when goods are sold and released into the Bahraini market, easing cash-flow for small and medium-sized businesses.
- The plan is based on Article 10(a) of the Constitution, aiming to support economic development and fair cooperation between public and private sectors.
- The free zone would leverage Khalifa Port’s infrastructure, positioning Bahrain as a key logistics hub in the Gulf.
- Goods for re-export would be VAT-exempt, making Bahrain more attractive to international companies focused on transit trade.
Source: newsofbahrain.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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