How to Start
Business in Bahrain
Why to Register Company in Bahrain
Bahrain is a gateway to the gulf region and the company setup here is your first step towards the goals of expansion and living a life that you were ever dreaming of. To run any commercial activity in Bahrain you need to register a company in Bahrain first of all. In Bahrain there is 0% corporate tax therefore, it is convenient for all to start the business here. The business laws in Bahrain make it convenient to make an offshore company.
The local or international investors can choose any form of company establishment and it may be sole proprietorship, partnership or even a company. In Bahrain the best option to register the company is a WLL company or With Limited Liability company. The Kingdom of Bahrain is the best option to invest because of its investor friendly laws. The kingdom has a great potential for investment and is best known for ease of doing business through its one window operation system called as SIJILAT.
The Advantages of Register Company in Bahrain
- 100% foreign ownership without any local partner
- 0% Corporate Tax
- 0% Income Tax
- Zero involvement of 3rd Party
- Get access to developed markets of the world
- Businessman Visa
- Entire country is free zone
- 2nd strongest currency of the world
Free Trade Agreements of Bahrain
Bahrain has five free trade agreements with 22 different countries which makes it a lucrative option to invest. These agreements have boosted the imports of the country 32.60% which is remarkable.
- Greater Arab Free Trade (GAFTA)
- GCC Free Trade Agreement
- GCC-Singapore FTA (GSFTA)
- GCC-EFTA Agreement
- US-Bahrain FTA
Company Formation Types in Bahrain
In the Kingdom of Bahrain there is a huge variety in company structure. One can choose the option that answers their concerns in the best way.
- Individual Establishment
- Single Person Company
- Bahrani Partnership Company
- With Limited Liability Company
- Limited Partnership
- Bahraini Shareholding Company
- Branch of a Foreign Company
Government Types That Are Involved in Company Formation
- National Passport and Residency Affairs
- Ministry of Industry Commerce and Tourism
- Ministry of Works, Municipalities Affairs and Urban Planning
- Labor Market Regulatory Authority
There may be other agencies and departments that can be made or added by the government in the future.
The Requirement of Company Bank Account
Company formation in Bahrain requires a corporate bank account and the deposit of capital in it. The bank account can be opened easily with the help of specific documents.
- Personal presence of all shareholders of company
- Last 6 months bank statements of all shareholders
- Copy of Commercial Registration (CR)
- Original identification of documents
- Company account opening letter
- Capital amount in cash