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Bahrain accelerates setup process for Singapore startups

Bahrain accelerates setup process for Singapore startups

Startups can get guidance from Bahrain’s accelerators as well as financial grants.

The Bahrain Economic Development Board launched a fast-track setup process for Singaporean businesses and startups that will help them access the broader Middle East and North Africa (MENA) region markets through Bahrain.

The fast-track setup process is a free service offered to Singaporean companies through a dedicated concierge. It includes a fast-tracked entry process which will cover residency, visa requirements and business registration, guidance from Bahrain’s incubators and accelerators as well as access to their networks and programmes, and access to grants and financial support.

According to the EDB, Bahrain’s business ecosystem has operating costs up to 40% lower than its neighbours, a highly-skilled local workforce, and advanced soft infrastructure in MENA.

The announcement was made during a two-day visit to Singapore by the Bahrain Economic Development Board and members of Bahrain’s start-up ecosystem for the Milken Institute Asia Summit.