FAST SHIPPING FROM CHINA TO BAHRAIN
Bahrain – Customs and Import duty tax calculation method
A tax which must be paid on imported, and sometimes exported… is 5% of the value in cost, insurance, and freight (CIF) except for alcoholic beverages
(125%) and cigarettes (100%).
There are no taxes in Bahrain on income, sales, transfer, capital. The net worth of a business, including assets, cash, properties… gains or estates, unless a company is involved in operations within the oil and gas sector. Moreover, there is currently no VAT system in Bahrain. The valuation method is CIF.
China and Bahrain ‘s relations date back to 30 years ago when diplomatic relations established. In 2017, the delegation conducted a visit to China and Hong Kong during which MoUs were signed with Chinese businesses and trade organizations.
These consisted of MOUs on Shenzhen-Bahrain Cross-Border E-commerce Cooperation, Shenzhen-Bahrain Innovation, and Entrepreneurship Express, and Huawei-Bahrain Telecom Talents Training Agreement.
Manama and Shenzhen became sister cities in 2016 and Bahrain EDB inaugurated in June 2018 its representative office for Southern China in the city, to facilitate more investments by Chinese companies in Bahrain.
Foreign investments in Bahrain have increased from $142 million to $810 million in 2018.
In addition, Bahrain has attracted some Chinese companies to invest in the country such as the ICT giant company Huawei and China International Marine Containers Company (CIMC).
The total goods traded between Bahrain and China increased from $872 million in 2009 to over $1.7 billion in 2017.