A delegation from Bahrain is visiting India to extol the virtues of the Kingdom of Bahrain as an attractive site for investments to serve the markets of the Gulf Cooperation Council (GCC) and the rest of the Middle East.
Members of the delegation are reported to have announced that India and the GCC have agreed to accelerate their negotiations for a free trade agreement (FTA), so that it can be finalised as soon as possible.
It has been estimated that, with an FTA, trade between the countries could reach over USD40bn in the following year.
The delegation has also reminded prospective investors that Bahrain offers the possibility of 100% ownership to foreign investors who establish a base there, imposes no corporate or personal income taxes, withholding tax or capital gains tax, and grants complete freedom to repatriate capital, profits or dividends, whenever required.
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