Company Registration in Bahrain
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Company formation in Bahrain
The Kingdom of Bahrain is located in the Middle East, an archipelago in the Persian Gulf, east of Saudi Arabia. Bahrain has the most favorable company formation environment in Gulf for foreign investors.
Whether you have a revolutionary idea that can change the world or a vision you want to bring to Bahrain, we got you covered. Company formation in Bahrain can be the easiest process for you. With our support, you can set up a prospective company under your name and run your services without any inconvenience. In conclusion, Bahrain is the best option for company formation in the Middle East.
Key feature of Company Formation in Bahrain
| Company Formation Cost in Bahrain | BHD 850.00 |
| Minimum Capital | BHD 500.00 |
| VAT | 5% |
| Corporate Tax | 0% |
| Investor Visa Fee | BHD 172.00 |
| Employee Visa Fee | BHD 172.00 |
| Annual Audit | From 2nd year |
| Office cost | BHD 100 – 300 per month (varies) |
Types of Companies in Bahrain
Following are the available company registration types in Bahrain:
With Limited Liability Company in Bahrain
- Shareholders Liability is limited to the extent of investment.
- Minimum number of partners: 1
- Maximum number of partners: Unlimited
- No minimum investment restriction
- 100% foreign ownership allowed (by business activity)
- A commercial address (Head office) is required.
- External Auditor is required (from 2nd financial year)
- Not allowed to practice Insurance and Banking activities.
Single Person Company in Bahrain
- Shareholders Liability is limited to the extent of investment.
- Minimum number of partners: 1
- Maximum number of partners: 1
- No minimum investment restriction
- 100% foreign ownership allowed (by business activity)
- A commercial address (Head office) is required.
- External Auditor is required (from 2nd financial year)
- Not allowed to practice Insurance and Banking activities.
Bahraini Partnership Company
Bahraini Partnership Company has the following key features :
- Shareholders Liability is Unlimited.
- Minimum number of partners: 2
- Maximum number of partners: 20
- No minimum investment restriction
- 100% foreign ownership allowed (by business activity)
- A commercial address (Head office) is required.
- An external Auditor is not required.
- Not allowed to practice Insurance and Banking activities.
How to Register Company in Bahrain - Company Formation Process
7 Steps of Company Formation in Bahrain
Company formation in Bahrain seems like a difficult task, but you will be able to start your business without any inconvenience by working with us. We have helped numerous clients who are successfully running their businesses today in different industries. This procedure requires approval from the following authorities in Bahrain:
- Nationality, Passports and Residence Affairs
- Ministry of Industry, Commerce & Tourism Bahrain
- Ministry of Works, Municipalities Affairs & Urban Planning
- Ministry of Justice and Islamic Affairs
- Other licensing authorities depending on the nature of business.
Following are the 7 steps of company formation in Bahrain:
- Power of Attorney. At the first step of company formation in Bahrain, the client will give us power of attorney for company formation in Bahrain. You can prepare a Power of Attorney from the Ministry of Justice or the Ministry of Foreign affairs.
- Name Reservation. For company formation, three proposed commercial names are required. After approval of MOICT Bahrain commercial name of the company is reserved.
- Commercial Address Approval At this step, we will require an office/shop/workshop Incubator commercial address where the company’s head office shall be situated. We will take approval from the Ministry of Works, Municipalities Affairs, and Urban Planning for the commercial address of the company.
- Memorandum of the Company. Our company formation agents will draft a Memorandum of Association of the company and submit it to the Ministry of Justice for approval.
- Notarization of Company Memorandum. After approval from the Ministry of Justice, the draft memorandum shall be notarized from a private notary (Urgent) or public notary (Upon appointment).
- Company Bank Account. Admittedly opening a company bank account is not an easy task. But, our specialized compliance team will ensure swift account opening for your company. At this step, the client will be required to deposit the company’s capital to obtain Capital Deposit Certificate.
- Final Approval by MOICT Bahrain. This is the last step of company formation in Bahrain. Now we will submit all requirements to the Ministry of Industry Commerce and Tourism for final approval. Once final approval is granted, your company is registered!
7 Requirements for Company Formation in Bahrain
To register a company in With Limited Liability company in Bahrain following are the requirements:
- Passport Copies of Shareholders
- Passport Copies of Directors
- Passport Copies of Authorized Signatories
- Power of Attorney
- Office Address Documents (After Approval)
- Memorandum of Association
- Capital Deposit
Why Register company in Bahrain?
Benefits of Company Formation in Bahrain
- No Corporate Tax
- 100 % Foreign Ownership Allowed
- Strong Currency
- No Geographical Restrictions
- Investor Visa
- Access to $2 trillion worth Gulf market
- Strategic Location
- Advanced Banking System
- Talented human capital
- Conducive business environment
- Business Support Programs
We Are Company Formation Specialists in Bahrain
Why Register company in Bahrain?
Company Name Reservation
Commercial Licensing
Visa Processing
Compliance
Q: How long does it take to register a company in Bahrain?
A: Company formation in Bahrain can take 18-25 working days. However, it mostly depends on business activity
Q: Is foreign ownership allowed in Bahrain?
A: Yes!. The Kingdom of Bahrain allows foreign ownership according to business activity
Q: What is the minimum capital requirement for WLL company formation in Bahrain?
A: By law, there is no minimum capital requirement, but, to the contrary, banks prefer clients with high capital amounts