The Kingdom of Bahrain (Bahrain) is a small Arab monarchy in the Persian Gulf. It is the third smallest nation in Asia. The Country has high development index and recognized by world Bank as a high-Income economy. The Country is the most liberal and tolerant of all the faiths.
The below content will explain you in detail about the requirements for company formation in Bahrain, know about the trademark registration in Bahrain and understand the Bahrain Legal and Compliance requirements..
Company Incorporation in Bahrain
Doing Business Introduction
For company formation in Bahrain the investor must possess good knowledge of the region along with viable business plan. Synergy can assist you with the entire process of company formation in Bahrain.
The location Of Bahrain in the center of the Gulf allow an easy access to all the middle east market and is a global hub for trade and finance. As per Doing business report of The World Bank – Kingdom of Bahrain ranks 190 for 2017 survey.
Incorporation – Business Entities
The various types of entity that can be incorporated in Bahrain by the foreign investor are as mentioned below:
- With limited liability company (W.L.L.)
- Bahrain public shareholding company (B.S.C.)
- Bahrain closed shareholding company (B.S.C.)
- Single person company (SPC)
- Branch of a foreign company
- Partnership company
- Holding company
Time Frame for company formation in Bahrain varies from depending on the type of entity selected. Estimate time required for company formation in Bahrain, process can be completed in 10-15 working days.
Benefits of Company Registration
Bahrain has many advantages for doing business and incorporating the Company mentioned as below:
- No personal tax
- No corporate tax
- No value-added tax
- No other sales tax
- No exchange control
- No restriction on capital and profit repatriation
- Comparatively low business set up cost as compared to other GCC Countries
Products manufactured in Bahrain have duty-free access to Gulf Cooperation Council (GCC) states. Foreign investment in all the sectors are permitted except alcohol, tobacco, waste products and firearms and reserved area for the local national (Bahrainis) like publishing, car rental, supply of oil and gas products.
|Business Hours||9.00am to 5.30 or 6.00pm.|
|Working week||Sunday to Thursday [between 40 and 48 hours]|
|Prime Minister||Khalifa bin Salman Al Khalifa|
|Crown Prince||Salman bin Hamad bin Isa Al Khalifa|
|King||Hamad bin Isa Al Khalifa|
|Government||Unitary parliamentary constitutional monarchy|
|Area Total||765 km2|
|Bahrain law, foreigners||can own 100%|
|Minimum Share Capital||US $ 2,660|
|MOA and AOA||Required|
|Expatriate Staff||Can Be Hired|
|Timeframe for Bank Account||2 weeks|
|Timeframe for Incorporation||6 weeks|
|Access to Bahrain Double Tax Treaties||Yes|