Bahrain has been one of the popular destinations for entrepreneurs in establishing their new businesses in the field of hospitality, engineering, medical services etc. It has managed to create enough opportunities for various entrepreneurs across the globe because of the thriving economy as well as due to the support from local authorities. Bahrain has nearly 90 % expat population that has helped them to boost their economy with various enterprises.
HOW TO REGISTER A COMPANY IN BAHRAIN?
This is an important question that arises in the minds of entrepreneurs before migrating to Bahrain. The registration process in Bahrain is quite complex and requires certain procedures, In case of foreign entity, the company will be only permitted to get itself registered as per the designated business entities. Some of the popular business entities are
- Limited Liability Company
- Joint Stock Company
- Branch Office
LIMITED LIABILITY COMPANY (LLC)
It is one of the most popular forms of business entities in Bahrain .This type of business entity usually requires a local Bahraini partner. The local partner is entitled to minimum of 51% shares of the company. Some of the benefits that LLC offers in Bahrain are
- Limited Liability
- Low Minimum Share capital
JOINT STOCK COMPANY
It is also known as Shareholding Company where the shareholders have minimum liability. The company must have a board of directors (minimum 2) nominated for three years. It must be noted that majority shareholders must be Bahraini citizens or nationals of GCC nations.
It refers to the branch of the foreign company and helps to connect with the local market. The Branch office generally acts as a representative of the original parent company. Some of the advantages are
- Complete foreign ownership
- Easy setup
- Locational advantages
- Better connectivity to local market
WHY CONSULT HELPLINE GROUP?
Helpline Group has been at the forefront of providing essential services for clients and has an experience of over 25 years in Bahrain. It has proven to be a successful agency for both locals and expats by proving budget-friendly services within a short span of time. Due to consistent hardwork and excellent services, Helpline Group remains one of the most preferred agencies in Bahrain.