Officially known as the Kingdom of Bahrain, it is an island nation in West Asia. Nestled between Qatar and the northeastern coast of Saudi Arabia, Bahrain is the third smallest nation in Asia after Maldives and Singapore. It has been ranked 42nd on Human Development Index and the World Bank considers it an economy of high income. Similar to the UAE and Saudi Arabia, Bahrain also has a significant number of expat population, close to 45 percent of the total population. In fact, Indians comprise a substantial part of the expatriate community in the country. If you wish to live and work in some foreign countries, then Bahrain can be an ideal option. Why? Let us find out below.
Find Residence With Ease
The shelter is one of the basic needs of human beings, irrespective of whether they live in a native place or a foreign country. One just cannot do without suitable accommodation. In terms of residential options, Bahrain has a wide range of choices to fit into the budget of any segment of the society. Also, renting an apartment or villa in this part of the world is quite cheap in comparison to other Gulf countries. This apart, the Bahrain government also permits foreigners to own properties in freehold areas. So, in case you are very particular about finding an economical apartment or a high-end property, then Bahrain fits the bill perfectly.
Cost Of Living Is Very Less
Prices of various commodities become significant, especially when you are living in a foreign country. Be it food, fuel, clothes, electricity, water etc. In Bahrain, all of these are within the realm of affordability as the government has subsidized all essential commodities for the benefit of its citizens. Even if you want to dine out at a premium restaurant or watch a movie with your family you can easily indulge in these leisure activities without flattening your wallet. Hence, Bahrain ticks on all boxes when it comes to the low cost of living.
Modern Approach & Work-Life Balance
For the foreign population, Bahrain could be one of the most enchanting places to shift to. This is not merely due to the high salary structure prevailing in the kingdom. There are other reasons for it as well and one among them happens to be its modern outlook. Unlike other conservative kingdoms in the region, it does not place too many restrictions on its people and their activities as citizens and expats have every right to enjoy their lives to the optimum. Apart from providing adequate job opportunities, Bahrain also has a perfect work-life balance. Lastly, taxes hardly impact the salary of the people working in Bahrain as there is merely a Social Security Tax that is levied, which is merely 1 percent of the total salary for a year’s service.
Great Investment Potentials
Bahrain is also an important destination in terms of investment choices. If you are planning to invest your money then the kingdom has enough options for the same as well. Apart from real estate, residents, foreigners or natives, in the island nation are permitted to invest in sectors such as food, administrative services, arts, entertainment and health among others. So, if you want to put in your money for a robust RoI then Bahrain has a lot to offer on this count.