How much does it cost to live in Bahrain compared to London or Dubai

Hustle Kitchen

27 May 202305:45

Summary

TLDRThe video script provides an enticing comparison between the cost of living in the UK and Bahrain. The speaker, who grew up in London, highlights the high rents and utility bills in the UK and contrasts them with the more affordable lifestyle in Bahrain. They detail the cost of renting a two-bedroom apartment or a five-bedroom villa in Bahrain, including all bills, and mention the premium electricity rates for their nationality. The video also touches on the benefits of doing business in Bahrain, such as no taxes, quick company setup, and government support for hiring locals and investing in machinery. The speaker encourages viewers to consider moving to Bahrain for a relaxed environment and a better quality of life, showcasing the beautiful landscaping and the iconic Financial Harbor as part of the appeal.

Takeaways

🇬🇧 The video is targeted at UK residents who are facing high rents and utility bills.
🏙️ Bahrain offers a relaxed and beautiful environment with green landscaping and waterfront living.
🏠 Renting a two-bedroom apartment in Bahrain's city center, inclusive of all bills, costs around 1400 pounds.
🏡 For those interested in a villa lifestyle, a standalone five-bedroom villa with a pool can be rented for approximately 1600 pounds.
💡 Electricity bills for a large villa during summer peak usage can range from 400 to 440 pounds, with lower costs in winter.
💼 Bahrain has no taxes on businesses, making it an attractive place for entrepreneurs.
📈 Setting up a company in Bahrain takes 1 to 4 weeks and costs around 800 pounds if done independently.
🏢 Office space in Bahrain can be rented starting from as low as 400 pounds per month, with higher-end options available.
🤝 The Bahraini government encourages hiring locals and offers salary subsidies for businesses that do so.
🏗️ The government provides support for businesses, including paying up to 50% of machinery costs, depending on the business plan.
🌳 The video emphasizes the high quality of life and the opportunity to escape the 'rat race' by moving to Bahrain.

Q & A

What is the main topic of the video?
-The main topic of the video is comparing the cost of living in the UK to living in Bahrain, focusing on rent, utility bills, and the benefits of setting up a business in Bahrain.
What does the speaker suggest about the rent prices in the UK?
-The speaker suggests that rent prices in the UK are very high and that people are paying 'crazy rents'.
What is the approximate monthly rent for a two-bedroom apartment in Bahrain, including all bills?
-The approximate monthly rent for a two-bedroom apartment in Bahrain, including all bills, is 700 Dinars, which is around 1400 British Pounds.
What type of property does the speaker live in, and what does it cost?
-The speaker lives in a five-bedroom standalone villa with a swimming pool and a front yard, which costs 800 Dinars per month, equivalent to about 1600 British Pounds.
What are the speaker's electricity bills like during the summer months?
-During the summer months, with all the air conditioning on, the speaker's electricity bills range from 200 to 220 Dinars, which is approximately 400 to 440 British Pounds.
What benefits does Bahrain offer for setting up a business?
-Bahrain offers benefits such as no taxes on business, a quick setup process of one to four weeks, and support systems where the government may subsidize employee salaries and contribute to machinery costs.
How much does it cost to set up a company in Bahrain if done by oneself?
-If done by oneself, setting up a company in Bahrain costs about a thousand dollars, which is roughly 800 British Pounds.
What is the average cost of renting an office space in Bahrain?
-The average cost of renting an office space in Bahrain is about a thousand British Pounds per month, but it can be as low as 400 British Pounds per month.
What incentives does the Bahraini government provide for hiring locals?
-The Bahraini government encourages hiring locals by subsidizing a portion of their salary, paying 70% in the first year, 50% in the second year, and 30% in the third year.
What is the speaker's final suggestion for people considering a move?
-The speaker suggests that people should consider escaping the 'rat race' and moving to Bahrain for a better lifestyle and lower living costs.
How does the speaker describe the environment in Bahrain where they are filming?
-The speaker describes the environment in Bahrain as 'super relaxed and super chilling' with green landscaping, located on an island side by side by the waters.

Outlines

00:00

🏠 Affordable Living in Bahrain

The speaker, who grew up in London, highlights the cost of living in the UK and contrasts it with the more affordable lifestyle in Bahrain. They mention the beautiful community and green landscaping of Bahrain, which is located on an island. The video script provides a comparison of rental costs, with a two-bedroom apartment in Bahrain's city center costing around 700 Dinars (equivalent to 1400 Pounds) inclusive of all bills. For those interested in a villa lifestyle, a standalone five-bedroom villa with a swimming pool and yard can be rented for approximately 800 Dinars (1600 Pounds). The speaker also discusses their own electricity bills, which are on the higher end due to their nationality, costing between 200 to 220 Dinars (400 to 440 Pounds) during the summer. The video also touches on the benefits of doing business in Bahrain, such as no taxes on businesses, quick company setup, and support systems for hiring locals and purchasing machinery. The speaker invites viewers to consider Bahrain as an alternative to the 'rat race' of the UK.

05:03

🌳 Bahrain's Lifestyle and Business Opportunities

This paragraph continues the discussion on the benefits of living and doing business in Bahrain. The speaker emphasizes the pleasant environment, with a focus on the beautiful landscaping and the potential to escape the 'rat race' of the UK. They invite viewers to consider the overall cost of living, including taxes that are not present in Bahrain, and to engage in a conversation about it. The speaker encourages viewers to reach out via comments or Instagram for more information, suggesting that there are more advantages to living in Bahrain beyond just the topics covered in the video script.

Mindmap

Keywords

💡UK

The United Kingdom, often abbreviated as UK, is a country located in Europe. In the video, the speaker is addressing the audience living in the UK, highlighting the cost of living there, particularly focusing on rent and utility bills, which are a significant part of the discussion.

💡Rent

Rent refers to the payment made by a tenant to a landlord for occupying a property. The video discusses the cost of renting properties in both the UK and Bahrain, comparing the two to illustrate the potential savings one could make by relocating.

💡Utility Bills

Utility bills are the charges for essential services such as electricity, water, and gas. The video emphasizes the high cost of these bills in the UK and contrasts them with the costs in Bahrain, suggesting a more affordable lifestyle in the latter.

💡Bahrain

Bahrain is an island country in the Persian Gulf. The video serves as an introduction to Bahrain for those who may be considering moving there, highlighting its relaxed environment, lower cost of living, and business incentives.

💡Dinars

Dinars is the currency of Bahrain. The video provides a conversion from Bahraini Dinars to British Pounds to give the audience an idea of the cost of living in Bahrain, including rent and electricity bills.

💡Villa Lifestyle

A villa lifestyle refers to living in a large, often luxurious, single-family home, typically with additional amenities such as a garden or swimming pool. The video describes the experience of living in a villa in Bahrain, emphasizing the affordability and quality of life.

💡Business Taxes

Business taxes are the mandatory financial charges imposed on businesses by governments. The video mentions that there are no taxes on businesses in Bahrain, which is a significant incentive for those considering moving there for entrepreneurial opportunities.

💡Company Setup

Company setup refers to the process of establishing a new business entity. The video outlines the relatively short time frame and low cost associated with setting up a company in Bahrain, which is presented as an attractive feature for potential business owners.

💡Office Rent

Office rent is the cost of leasing a space for business operations. The video discusses the affordability of renting office spaces in Bahrain, suggesting that it can be as low as 400 pounds per month, depending on the desired level of sophistication.

💡Visas

Visas are official documents or endorsements that grant a person permission to enter, leave, or stay for a specified period in a country. The video touches on the process of obtaining visas for local hires in Bahrain, indicating that the government encourages hiring Bahraini citizens.

💡Subsidized Salary

Subsidized salary refers to a situation where a portion of an employee's salary is paid by a government or other entity, reducing the financial burden on the employer. The video explains that the Bahraini government offers subsidies for hiring Bahraini citizens, which can cover up to 70% of their salary in the first year.

💡Escape the Rat Race

To 'escape the rat race' is a colloquial expression that means to leave behind the stressful, competitive routine of work and life, often associated with urban environments. The video uses this phrase to encourage viewers to consider a move to Bahrain for a more relaxed and potentially more affordable lifestyle.

Highlights

Living in the UK, you may be paying high rents and utility bills. Consider Bahrain as an alternative with lower costs of living.

In Bahrain, you can rent a 2-bedroom apartment in the city center for around 700 Dinars (1400 pounds) inclusive of all bills.

For a more spacious living, a 5-bedroom villa with a pool and yard in a community can be rented for 800 Dinars (1600 pounds).

Electricity bills for a 5-bedroom house in summer are around 200-220 Dinars (400-440 pounds), cheaper in winter.

The total cost of living an amazing lifestyle in Bahrain is around 2000 pounds.

Bahrain has no taxes on businesses, making it attractive for entrepreneurs and startups.

Setting up a company in Bahrain takes 1-4 weeks and costs around $1000 if you do it yourself.

Hiring a service to set up your business in Bahrain can cost around 2000-2500 pounds.

Office space in Bahrain can be rented as cheap as 400 pounds per month, with fancier options available.

The Bahraini government encourages hiring locals, offering salary subsidies for new hires.

The government provides support by paying up to 50% of machinery costs based on your approved business plan.

Becoming a resident in Bahrain is straightforward, offering an escape from the rat race.

Bahrain offers a relaxed, beautiful environment with green landscaping and a great climate.

The Financial Harbor in Bahrain is an iconic landmark showcasing the country's prosperity.

The overall message is to consider Bahrain as a cost-effective, business-friendly alternative to the high living expenses in the UK.

The speaker shares his personal experience living in Bahrain, emphasizing the quality of life and support systems in place.

Bahrain provides a range of affordable housing options, from apartments to large villas, with inclusive bills.

The cost of utilities in Bahrain is significantly lower compared to the UK, especially for larger homes.