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

Summary

The 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.