Tax advisory for fund managers, GPs, LPs, and portfolio companies.
Bahrain LP structure — CBB regulated. No capital gains tax on exits. Dividend distributions — no withholding. Carried interest — no income tax in Bahrain. GP management company — standard VAT on fees.
Management fees (2%) — standard-rated at 10%. Performance fees — standard-rated. Advisory fees to portfolio — standard-rated. Cross-border management — place of supply rules. Fund admin services — standard-rated.
Fund vehicles — excluded entities? Investment entities — special rules. Portfolio company ETR — per-jurisdiction analysis. SBIE calculations for portfolio. Minority vs controlling stakes — different treatment.
