WHAT DO YOU UNDERSTAND BY THE TERM ‘WLL COMPANY FORMATION’?
The terminology ‘WLL Company Formation’ also known as With Limited Liability Company is one of the most popular business entities that has attracted maximum level of investment from various different corners of the world.
The WLL Business Entity is a trusted business entity which consists of minimum two or more shareholders/investors that are solely responsible for debts/liabilities of the company in proportion to the extent of their shareholding. It is one of the most flexible business entities in order to start a business in Bahrain.
INFLUENCE OF WLL COMPANY REGISTRATION IN BAHRAIN
Over the years, Bahrain has developed into one of the top class destination for various business and commercial activities. The WLL type of Business entity has immensely helped various entrepreneurs and businessman in developing their business goals into reality.
Some of the common steps initiated for starting a With Limited Liability Company (WLL) in Bahrain are as follows
Choosing a suitable Business Activity
The first step that one needs to initiate as an investor or entrepreneur is to figure the most suitable activity for conducting business and conduct a detailed study regarding the requirements, scope within the country.
Choosing a Company Name for Business
A suitable Company Name has to be chosen for business which helps in maintaining the brand value of the organization and ensures promotion of various business activities taking place within the organization.
Choosing Company’s Shared Capital
A minimum capital amount has to be deposited as per the requirements for starting a Limited Liability Company in Bahrain and covers the cost of operation involved for running a firm.
ADVANTAGES OF WLL COMPANY FORMATION IN BAHRAIN
Some of the key advantages and benefits for setting up WLL Registration in Bahrain are as follows
• 100% ownership for foreign investors
• No need of local sponsorship in Bahrain
• Minimum Share Capital for Shareholders & Investors
• Free from all kinds of taxation and custom duties
• Low cost of operation
• Strategic location in Middle East
• Easy Connectivity to Major Cities across the world