Eternity Law International — News — Company registration in Bahrain

Company registration in Bahrain

Published:
December 20, 2020

Bahrain is a classic offshore and attracts investors from abroad, since there is no direct taxation in this state. A corporation established on the territory of the kingdom does not pay income tax and tax on its turnover. Foreign entrepreneurs, most often, choose the WLL Company form for their enterprises, which corresponds to a society with a limited type of liability.

The corporate environment is regulated by the Law on Business Enterprises, passed in 2001. Local legislation is quite loyal to foreign businessmen, however, it provides for the presence of a resident co-founder in a foreign company. Usually, this person actually runs the firm, while the non-resident partner finances the structure.

The main stages of the procedure

The establishment of a company in Bahrain consists of the following several stages.

  1. The direction of the firm’s activity is determined. It should be noted that foreigners are not allowed to do business in all industries.
  2. A name is chosen for the future organization. The name must be unique.
  3. The circle of shareholders is limited.
  4. The directors of the company are appointed.
  5. Capital is being formed.
  6. A Memorandum of Association and a Statute are being drafted. You must first obtain approval for these documents from the ministry that regulates trade.
  7. A local account is created.
  8. Documents are submitted for company registration.

The whole procedure is not that complicated, so there are no serious difficulties for foreign entrepreneurs.

Features of the procedure and jurisdiction in general

First of all, a foreign investor should find out whether non-residents in Bahrain are allowed to engage in the activities that he has chosen for himself. For example, foreign businessmen cannot work in the field of insurance and banking services. In addition, a number of industries require a special license permit.

1 person can act as the founder of the enterprise, however, it will be necessary to hire a manager who must be a resident. When registering, the amount of the authorized capital is clearly determined, the time frame during which it will be paid is indicated, and in what order. For an LLC in Bahrain, the minimum capital requirement is RSD 20,000.

The amount of time it takes to register a company depends on the organizational form of the company. On average, the process takes about 12 weeks.

If you need to register a company in Bahrain, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Bahrain. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

Business in the Czech Republic for Foreigners

What is “business in the Czech Republic”? In compliance with Czech legislation, a business is any ongoing activity that an entrepreneur engages in on their initiative, in their name, and under their authority to make a profit. In the Czech Republic, running a business often has the form of: a business of individuals or OSVČ...

Top 5 Best Jurisdictions for Forex License

The main concept and idea of Forex activity is currency exchange. Traders profit from transactions for the purchase and sale of currencies with a difference in exchange rates. In addition to trading directly, there are also Forex traders who make money by betting on the increase or decrease in rates. Below we will consider the...

Merchant account opening in 2022

If you intend to launch a commercial project, it’ll be needed to pass such procedure as merchant account opening. Cooperating with a reliable provider is quite difficult, which is why you should mindfully study the information about this direction, not neglecting the smallest details. Thus, how do entrepreneurs get merchant accounts in 2022? We try...

Taxation for IT

EFFICIENCY IMPROVEMENT Taxation for IT is one of the factors affecting the effectiveness of a given business. Not to pay taxes is prohibited at the legislative level. Taxes are an integral part of the business, and it is impossible not to pay them. However, these payments can be optimized. Any person with their own business...

Storage of gold and currency stocks

Storage of gold and currency stocks is an urgent issue. WHAT IS THE SECRET OF GOLD? A feature of each currency is the loss of value. It doesn’t matter if it’s the US dollar or the euro. This trend is observed in all economic spheres. For example, a hotel room 30 years ago cost $...

Corporate services in Ireland

The pace of economic development in Ireland surprises everyone. That is why this country is considered attractive for business registration. Foreign investors who turn to Ireland Corporate Services are also aware of the good conditions regarding taxation in this country. Consulting companies are already ready to provide professional assistance in the registration of a legal...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360