News: Registration of company in Bahrain

Bahrain, the kingdom of Bahrain is an island country bordered by the Qatar peninsula and the northeastern coast of Saudi Arabia. It is one of the world’s tops producing oil states. The capital of Bahrain is Manama (Al-Manamah). The official language of Bahrain is Arabic, English is a mandatory second language, there are other languages including Farsi, Hindi, Tagalog and Urdu spoken. Bahrain is home to over a million people. The official currency is Bahraini dinar (BD).

Bahrain is a constitutional monarchy state with a parliament comprising two bodies and the representative council. Bahrain is a member of the United Nations, Arab League, Gulf Cooperation Council (GCC) and Organization of Islamic Cooperation (OSIC).

The legislative framework guiding company activities in Bahrain is The Commercial Companies Law 2001 while The Companies Registry is the authority responsible for the regulation of company incorporation and formation activities in Bahrain.

Benefits of Company Formation in Bahrain

• Strategic location amongst the Gulf states and easy access to Africa and the Middle East;
• Foreign complete ownership;
• Favourable tax regime;
• High-level economy (Diversified economy);
• High standard of banking (loan interest for banking system);
• Signed bilateral trade agreements and economic treaties with more than 60 countries;
• No foreign currency control.

Business in Bahrain: Taxes

1. Corporate tax rate - 0%
2. No capital gains, estate and inheritance tax;
3. Double taxation treaties signed with over 20 countries.

Bookkeeping in Bahrain

1. Annual accounting return - Yes.
2. Annual tax return - Yes.
3. Annual financial return - Yes.
4. Audit requirements - Yes.

Business in Bahrain: Types of Companies

• Limited Liability Company(WLL)
• Single Person Company (SPC)
• Bahrain Shareholding Company (BSC)/Public Joint Stock Company
• Bahrain Free Zone Company (FZC)
• Branch of a Foreign Company
• Bahrain Representative Office
• Partnership
• Sole Proprietorship

Company formation Requirements in Bahrain

• Certificate of incorporation;
• Memorandum and Articles of Association;
• Minimum of two shareholders;
• Minimum of two directors;
• Shareholders’ agreement;
• Notarized copy of passports;
• Legal registered address;
• Bearer shares;
• Shareholders and Directors’ register.

How to Register a Company in Bahrain: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Bahrain Commercial Registry;

Step 2. Law and Trust with the client to secure the Memorandum of Association (MOA);

Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;

Step 4. Law and Trust works with the client to open a corporate bank account in Bahrain;

Step 5. Law and Trust deliver the certificate of incorporation personally to the client or via courier service.

Bahrain Company Formation FAQs

How much does it cost to register a company in Bahrain?

The cost of registering a company in Bahrain is $7875. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

How long does it take to register a company in Bahrain?

It takes twelve weeks to complete the company registration process in Bahrain.

Are the details of shareholders and directors of a company publicly available?

Yes, the details of the shareholders and directors of a company are available to the public.

What are the most common company types in Bahrain?

The Limited Liability Company and the Free Zone company are the most common registered company types in Bahrain.

How can I register a company name in Bahrain?

The registration of a company name begins with the filing of the appropriate documents, Law&Trust helps with preparation and compilation of the necessary documents ensuring it meets the requirements set out by the Bahrain Commercial registry with regards to the approval of a company name.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of company registration, formation, and incorporation services with Law&Trust International in Bahrain include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Bahrain. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of these services are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide clients with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region, area or state in Bahrain. Be rest assured that no matter where the new company intends to incorporate in Bahrain, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Bahrain.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in Bahrain, contact Law & Trust International by simply sending an email or call now to take your business to the next level!