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Businessman's Paradise: Bahrain has a very congenial atmosphere for business in many. respects. Excellent banking, port and other facilities together with tax holidays and free mobilization of profits have made this Gulf state a most convenient place for trade and commerce.
Ancient Pearl Land: In olden times, Bahrain was a well-known producer of quality oriental pearls. Faced with the onslaught of the Japanese cultured pearls industry in modern times, Bahrain's pearl industry dwindled gradually. The Bahrain Government has been endeavouring to salvage the industry and rehabilitate it.
Good Consumer Market: Bahrain is a thriving market for fancy goods, including gems and jewellery. Its annual Fair Jewellery Arabia has become globally popular over the years.
There is a vast potential for the intake of precious goods, because people
want these for investment too. There had been a regular inflow of gems and
jewellery from India, Japan, China, Pakistan, Hong Kong, USA and the European
countries. Italian machine-made gold jewellery also enjoys good sales.
Precious goods imported are subjected to an ad-valorem duty of 10%. There is no other import tax. Imports from India include diamonds, colored gemstones and gold jewellery.
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