For many years, Switzerland has become famous for its bank accounts, which made it a safe haven for the wealthy and celebrities who sought to deposit their money away from the eyes of censorship, and this secrecy was an integral part of the Swiss banking system, which made it a favorite destination for many international customers. However, this golden age began to gradually fade due to the increasing international pressure on Switzerland to reveal information The bank accounts of their customers, due to the occurrence of many money laundering crimes, and in 2018, Swiss banks signed the automatic exchange of financial information with the European Union. One of the most prominent reasons for resorting to Swiss banks was at the beginning was the tax evasion of the huge funds who wanted no one to know what they have, as well as evading the payment of taxes on the huge funds stored without actual investment, and with a decline in the role Switzerland, other regions and countries began to advance “safe tax havens”. For example, the Kayman Islands topped the list to become the fifth largest banking centers in the world as a safe tax haven, as well as the situation in the emirate of Monaco, the Bahaama Islands, the island of Bermuda, Ireland, Mauritius and the island of Man, all of which represent attractive tax havens, where it hosts a large number of companies International due to the lack of taxes on capital profits. These countries attract investors looking for safe tax havens, and a question may emerge among some people: Can Bahrain become an attractive tax haven that can serve capital and investors such The crime organized with such funds, whose colleges are looking for a place to recycle them and grant them legitimacy, therefore this is not an advantage that the rest of the countries are looking for, or competing with them. Tax, and double taxation, as this will have a negative impact on the international indicators and classifications of the Kingdom. Today, the Kingdom of Bahrain is working strongly to enhance the environment that stimulates the capital of capital, and the government is thankful for developing legislation in a way that puts the Kingdom at the forefront of safe and economically stable countries and conservatives on its reputation that was built through decades. The Kingdom of Bahrain has initiated through the central bank to keep pace with financial development The promotion of its legislation on the trading of encrypted currencies in accordance with legal controls that protect investors, whether from home or abroad, and allowed trading platforms to work through the Kingdom, and all of these matters confirm that the Kingdom of Bahrain provides financial advantages with credibility, transparency, legitimacy and risk -free for any investor. But we need today to further promote Bahrain worldwide with a deliberate plan that knows investors with the facilities provided by the Kingdom of Bahrain to them and the extent of credibility And reliability in doing business and attracting investments to enhance its position as a leading financial center in the region.
