COMPANY REGISTRATION IN BAHRAIN
Company registration in Bahrain is a simple structure if you know have a correct understanding regarding the rules and regulations followed here. It might be a tiring task for you if you are not accustomed to these rules. For starting a perfect business, it is wise to hire a service provider with years of experience in this field of work. They will help you understand the rules and regulations followed here in Bahrain. Our executives will ensure one-to-one support in making you learn about this and company registration as well.
Company registration in Bahrain can be a smooth and hassle-free process if you have the right knowledge and guidance. New company registration can feel like an exciting venture, but it can also be a daunting task for first-time entrepreneurs. If you are thinking of company formation in Bahrain, then we at Helpline Group are ready to serve you. We can help you with company registration in Bahrain, attestation for the required documents, help you choose the right business entity, and so on.
Procedure for company registration in Bahrain
The following is the step-by-step process for company registration in Bahrain:
- Get a Commercial Registration (CR) from the Ministry of Industry, Commerce, and Tourism (MOICT).
- Make sure to choose a unique company name with the Ministry of Industry, Commerce, and Tourism.
- Draft the Articles of Association and Memorandum of Association of the company.
- Notarize the Articles of Association and Memorandum of Association with a licensed notary public in Bahrain.
- Register with the Ministry of Industry, Commerce, and Tourism.
- Get a Taxpayer Registration Number (TRN) from the National Bureau for Revenue (NBR).
What are the documents you need for company registration in Bahrain?
To register a company in Bahrain, you need to submit various documents to the Ministry of Industry, Commerce and Tourism (MOICT). The following are the necessary documents for company registration in Bahrain:
- Memorandum and Articles of Association: This document defines the company’s structure and rules, including the purpose of the company, the rights and responsibilities of shareholders, the company’s share capital, and the measures to distribute profits and losses.
- Commercial Registration Application Form: This form is used to register the company with the MOICT. It includes information about the company’s name, legal structure, and objectives.
- Company Establishment Contract: This document is a legal agreement between the partners, outlining the conditions of the company’s formation, objectives, and capital structure.
- A copy of the partners’ national IDs or passports: This document is used to verify the identity of the company’s partners.
- A copy of the location lease agreement: This document is needed to verify the company’s physical address.
- Proof of paid-up capital: You must provide proof of payment of the minimum required capital, which is BD 20,000 for an LLC and BD 250,000 for a BSC.
- Certificate of Good Standing: This document is required if the company has a foreign shareholder.
- Power of Attorney: This document authorizes a third party to act on behalf of the partners during the company registration process.
- Trade Name Reservation Certificate: This document is issued by the MOICT after the company’s proposed name is approved.
- Application for a Tax Registration Number (TRN): This is required for all companies operating in Bahrain.
Note that the documents may differ as per the business type and requirements. The Helpline Group can help you sort all of these procedures easily and efficiently.
Types of Business Entities in Bahrain
Bahrain offers several business entities for company registration in bahrain. Here are some of the most common types of business entities:
- Limited Liability Company – An LLC, also known as WLL, is a popular corporate type for international entrepreneurs that allows for 100% foreign ownership. It requires a minimum of 2 directors, a maximum of 50 members, and a minimum capital of BDH 20,000.
- Bahrain Shareholding Company (BSC) – Also called a public joint stock company, it is suitable for companies that want to make significant investments in large-scale projects and register on Bahrain Bourse. It requires a share capital of BHD 250,000.
- Companies limited by shares – have two types of partners: joint partners and silent partners. At least 4 individuals are needed, and the minimum required share capital is BD 20,000.
- Partnership firm – involves two or more people working collaboratively and sharing business revenues, with unlimited liability. A minimum of two partners is required.
- Branch office – is an overseas extension of the parent corporation, with the parent corporation responsible for all debts and obligations. A manager is required to oversee its operations.
- Single-person company – is owned by one individual, with limited liability for business debts, depending on the amount of share capital invested.
Benefits of registering a company in Bahrain
There are several benefits to registering a company in Bahrain, including:
- A strategic location that offers easy access to markets in the Gulf region.
- A liberal and investor-friendly economic environment that encourages entrepreneurship and business growth.
- A stable political and social environment that ensures a safe and secure business environment.
- No personal income tax, capital gains tax, or withholding tax.
- A highly skilled and multilingual workforce.
WHAT MAKES BAHRAIN A FAVORITE DESTINATION FOR INVESTORS?
Bahrain has business friendly environment that makes it a go to go destination for clients and provides a suitable business environment. Bahrain have been extremely considerate and co-operative and has played an important role in shaping business culture of the nation. Some of the peculiarities Company registration in Bahrain are as follows
- 100 % foreign ownership
- Lower operating costs
- Business friendly tax laws
- Modern financial services
How can the Helpline Group assist you?
Helpline Group is a top company formation service provider in Bahrain that can assist you with company registration in bahrain, business consulting, and document attestation. We have years of experience in providing quality services to clients from different parts of the world. Our team of experts offers customized solutions that are tailored to meet the specific needs of each client. We have a dedicated customer support team that is available 24/7 to assist clients with their queries and concerns. Our prices are competitive, and we ensure timely delivery of services.
We can assist you with the company formation services process and ensure that you have a hassle-free experience. Contact us today to know more about our services! We are available 24/7 at phone –
+973 17 413 777 or through a message at +973 39 413 777.