BAHRAIN BAHRAIN SERVICES

Business Set Up in Bahrain

Are you planning to do business in Bahrain? Not sure how? Enterslice is a one-stop solution that provides business setup services. We will assist you in business set-up, tax, accounting and audit, legal and regulatory compliances.

Benefits of Doing Business in Bahrain

 

Free Trade Agreement

Member of Different Treaties

Exempt from Tax

Highly Developed Financial Sector

Double Taxation Agreements

No Personal or Corporate Income Tax

No Capital Gains Tax

No Stamp Duty

No exchange control

Duty-free access to Gulf Cooperation Council (GCC) member states

Different Types of Business in Bahrain

 

Limited Liability Companies

In this type of entity, the liability of the shareholders is limited to a particular extent. Up to 50 members are allowed to have a shareholding in this form of company. Foreigners are allowed to have ownership in this form of entity.

Partnership Companies

A partnership is an agreement between two or more individuals to share profits of the company. The liability of the partners is usually unlimited. To form this type of entity minimum of two partners are required.

Company Limited by Shares

In this type of entity, there are two types of partners which will include the joint partner and the silent partner. The minimum capital required for this form of entity is 20,000 BD. Minimum number of members are four for forming this type of entity.

Single-Person Company

A single-person company is an entity that is owned by a single person. The liability of the single person company is limited to the number of shares. There is no minimum capital for forming this type of entity. This form of entity would require an external auditor to carry out the compliance with audits. Foreign ownership in this type of entity is usually allowed.

Foreign Company Branches

A foreign branch office is a mere extension of the parent company. The liability of the branch office would be the liability of the foreign parent company. A manager is required for carrying out all the activities related to the branch office.

Holding Companies

Usually, this form of company is formed as a separate entity for foreign joint stock companies or Bahraini public limited companies. They would provide assurance to third parties related to guarantees of the company. The structure utilized by a holding company can be of any form.

Bahrani Joint Stock Companies

This form of entity is allowed to offer shares to the public. There are two types of entities under Bahraini Joint Stock companies which include open joint stock companies and closed joint stock companies. The liability of the members is limited. Such companies are allowed to carry out work related to finance, insurance and public procurement policies. The minimum capital required for forming this type of entity is 250,000 BD. Out of the above capital, 50% of the share capital must be deposited. There have to be minimum of two founders for this type of company. Apart from this, the board of directors must comprise of three members. Foreigners are allowed to have shares in this form of entity.

Different Types of Taxes in Bahrain

 

Corporate Income Tax

Value-Added Tax

Excise Duty

Registration and License Tax

Stamp Duty

Custom Duty

Municipality Tax

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our Bahrain Entry Strategy services involve the following services:

About the Bahrain Entry Strategy

Our Bahrain Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in Malta are Bahraini Joint Stock Companies, Limited Liability Companies, Partnership companies, Company Limited by shares, single person company, foreign company branches, and Holding companies. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Bahrain. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. Our clients obtain thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning by using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

The cost of setting up a company in Bahrain ranges from BHD 1,000 to BHD 5,000.

Yes, a foreigner is allowed to be directly involved in the setting up of a company in Bahrain.

Yes, you can own a company in Bahrain but investors are required to issue a Commercial Registration known as CR locally.

The Biofuel sector is one of the most lucrative and profitable businesses to start in Bahrain.

Yes, Bahrain is a good place to start a business as it has an open economy and low taxes.

Step 1: Choose a unique name and obtain approval from the Ministry of Industry, Commerce and Tourism.

Step 2: Prepare the Articles of Association (AoA) which includes details about the firm activities. The AoA must be notarized by a notary public and legalized by the Bahrain Chamber of Commerce and Industry.

Step 3: A minimum of 50% of the proposed share capital must be deposited in a local bank account.

Step 4: Obtain a Business License from the MOICT to lawfully function in Bahrain.

Step 5: Register with the General Directorate of Nationality, Passports, and Residence.

Step 6: Register for Taxation with the National Bureau for Revenue for taxation purposes.

Step 7: Open a corporate bank account with the local bank.

Step 1: Make Power of Attorney

Step 2: Reserve Company name

Step 3: Register Head Office

Step 4: Prepare Memorandum of the Company

Step 5: Notarize the Memorandum

Step 6: Open a Corporate Bank Account

Step 7: Get Final Approval from Ministry of Industry and Commerce.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CA’s, CPA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CA/CPA/CFA.

Strong team of In-house Lawyers/Attorney’s/CA/CPA/CFA

 

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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