COMPANY FORMATION IN BAHRAIN
Company Formation in Bahrain or establishing a company in Bahrain is very easy and a honey pot for foreigners. Setup in Bahrain is a well-known name for the WLL company formation in Bahrain, we can register your company in the Ministry of Industry and Commerce and tourism in Bahrain and assist you to business in Bahrain. The cost of setting up a company in Bahrain is BHD 800 without address and BHD 1300 with address. LLC company formation in Bahrain will make you eligible for an investor visa in Bahrain and sponsor your family.
Company Establishing in Bahrain
We assure you that we will deliver quality services for the best possible cost of setting up a company in Bahrain. The cost of setting up a company in Bahrain can be BHD 800 without office address and BHD 1300 with office address, moreover the cost of company formation in Bahrain also depend on the activities but it can be BHD 800 without office address and BHD 1300 with office address upto 3 business activities.
Setup in Behrain is a well known name in establishing the companies in Behrin. We can register your business name in the Ministry of Industry and Commerce and Tourism in Behrain. There are so many businesses that you can own and manage with 100% ownership. Setup in Behrain professionals can assist you in all stages of company formation in Behrain like VAT Registration , LMRA Services, ESR Services and CR Renewal Services in Bahrain
Company formation in Bahrain is very easy and simple for foreigners and GCC Citizens, Setup in Bahrain offersa wide range of businessesto foreign citizens that they can own with100% ownership, the minimum capital requirement for company formation in Bahrain is only BHD 1.000 (USD 2.65 Approx) that increases the attraction of investors to invest in Bahrain.
Lets Start Company formation in in Bahrain!
Cost of Setting up a company in Bahrain
Company formation in Bahrain has the following steps:
They can assist you in :
Steps for Setting up a company in Bahrain
Company Establishing in Bahrain
The ESR (Economic substance report or regulations) is critical if you’re planning to begin any business in any country. During this article, I will be able to let you understand the ESR in Bahrain. We are here to cover specific points, which are such as ESR background, then what are these factors and activities which are affecting ESR encoding. There are particular criteria for ESR in Bahrain. Suppose companies don’t follow these regulations, then what can be the consequences and penalties. Therefore, the following are the particular points we will discuss intimately. These points will assist you and inform you about the ESR in Bahrain if you’re planning to start your company or business.
Bahraini Shareholding Company (Closed)
With Limited Liability (WWL)
Partnership Commpany
Branch of Foreign Company
Commandite By Share Company
Investment Limited Partnership
Protected Cell Company
Simple Commandite Company
Individual Establishmement
Single Person Company (SPC)
(Now Converted to WLL as per new amendment in Commercial Companies Law of Bahrain on October 01, 2020)
Requirements for Company Formation In Behrain
If You want to start Business on Bahrain , You have to meet the following stages for company formation in Bahrain. Our Company is serving thousands of people to start their business in Bahrian , so feel Free tocontact us:
1- Reservation of Company Name and Registration Number
- Ekey from the Ministry of industry and commerce Bahrain.(It includes the username and password)
- Power of attorney (for establishing a company in Bahrain from a notary public, if ekey is not available)
- Passport Copies of All Shareholders ( Valid for more than 6 months, all relevant pages of passport including the visa pages from other countries)
- CPR copies of All Shareholders ( If Available, should be valid)
- No Objection Certificate from Employer (If working as an employee in Bahrain otherwise no need)
- Cancellation of Resident Permit ( If employment visa of Bahrain is canceled and No objection Certificate is not available)
- Three Name Suggestions ( What will be the name of company that you wanna keep)
- Share Capital of the Company ( How much will be the capital of the company)
- Type of the Company (With Limited Liability WLL, Bahraini Partnership Company, Specialized Partnership, etc)
- Directors of the company (Who will be the directors, Chairman, Board Member, etc of the company)
- Authorized person of the company (who will be the authorized person of the company, either he/she can solely or jointly)
2- Municipality Approval of Office
- Lease Agreement of office or Shop or Workshop ( It should be a commercial address and the agreement should be valid.
- Connection of Electricity and Water from the Ministry of Electricity and water Bahrain (EWA Bahrain)
- Pictures of office or Shop or Workshop ( Inside, Outside and municipality number plate)
- Address Card ( from a landlord that shows the address of commercial location and type of property if its a store or shop or office or its a resident property)
3- Notarization of Memorandums of Association and/Articles of Association and/or Other Legal Documentations
- Original Passport
- Original CPR – if Applicable
- Original Power of Attorne
- Original Passport
- Original CPR – if Applicable
- Original Power of Attorney
- Copy of CR
- Copy of Extract of CR
- Original Notarized Memorandums
- 6 Months Bank statement (from any bank in Bahrain or outside Bahrain)
- Original Lease agreement of address
- Electricity Bill
- Feasibility Study or Business Plan
Process Time for Company Formation In Bahrain
The process time for Company formation in Bahrain are 15-20 Business days in fast track and 30-45 Business days in normal process.
This is a very rough estimate, actual time may vary.We are estimating this roughly and time can vary according to orders but your order will be deliver as soon as possible.
Bahrain is a popular kingdom of the Middle East and becoming more popular destinastion for investment. Foreigners from all over the world showing their interest in Company formation in Bahrain. Additionally , company Formation in Bahrain or setting up a company in Bahrain is much uncomplicated and a honey pot for outsiders. The cost of a company formation in Bahrain is quite affordable as compare to other countries, furthermore ther cost of company formation in Bahrain also rely on multiple factors.
Why company formation in Bahrain
Bahrain is a land of modern buildings and highways. It is an international market of oil. Bahrain is such a Gulf state who signedtrade agreementwith the United States. The economic freedom score of Bahrain is 75.5 and his economy is on the 12th number in the world.
As per the Bahrain Economic Vision 2030, the country is fronting a lack of both quality employment and suitable skills. In future years, the size of Bahrain’s labor force is going to double. There are many other benefits like, Bahrain permits 100 percent foreign-ownership of a business or branch office, without the need for a local partner. Bahrain govt imposed no tax on corporate income, personal income, or death/inheritance.
Govt Policies for Company Formation in Bahrain
Government of Bahrain approved a new law that allows foreigners, investor 100 percent ownership in business sectors. The investment into the Kingdom from all over the world has enhanced the business infrastructure in real estate, health & social work, administrative services, arts, entertainment, mining, and investments offering a rewarding environment for your business to grow and flourish. Furthermore, with an ideal economic-development, stable government, and commending policies permitting the businesses through commercial registration in Bahrain is a crucial part of company formation in Bahrain.
Benefits of Company Formation in Bahrain
Here we have enlisted some key benefits of company formation in Bahrain:
- Strategic location
- Easy excess to Africa and middle east
- Complete ownership
- High level economy
- Favorable Taxes
- High level banking system
- Chances for agreements more than 60 countries
- There is also annual return system in
Types of Company Formation in Bahrain
WLL Company Formation in Bahrain
The term ‘WLL Company Formation’ also known as With Limited Liability Company is one of the most ultimate business entities that have brought the highest level of investment from different corners of the world.
The WLL Business Entity is a reliable business entity which comprises minimum two or more investors that are completely responsible for debts/liabilities of the company in proportion to the extent of their shareholding. It is one of the most crucial business entities in order to start a WLL company formation in Bahrain.
WLL (With limited liability Company) is a most common and popular types of business setup in Bahrain. It authorizes the business holders/stakeholders the full foreign ownership to most of the business ideas.
Moreover, WLL company formation in Bahrain is a legal business entity which comprises two or more shareholders, partners, investors who are fully responsible for the company’s debts and liabilities.
Additionally for starting WLL company formation in Bahrain, you have to be sure that the number of shareholders in the company can range from 2 to 50 as per the Bahrain business rule of law.
Advantages of Company Formation in bahrain
Bahrain is one of the high class destinations for multiple business and commercial activities. The WLL type of Business entity has assisted many entrepreneurs and businessman in enhancing their business goals into reality.
The WLL Company Formation in Bahrain has offered an assisting hand for multiple shareholders and entrepreneurs in improvising new strategies and methods for various business activities. Besides, the WLL Company Formation in Bahrain has been victorious in articulating latest approaches as well as techniques for improving their business and assures absolute transparency as well as capability in its services.
Here we have enlisted some key benefits of WLL company formation in Bahrain
- 100% ownership for foreign stakeholders.
You don’t need local sponsorship in Bahrain. - Minimal Share Capital for stakeholders in Bahrain
No taxes on custom duties. - Low cost of operation
Easy Connectivity to important cities across the world. - Many clients are giving power of attorney to others while a lot of people don’t mind signing a power of attorney for the service provider. If you are doubtful then instead of POA you can give E-key and password to the service provider who will register the WLL company formation in Bahrain using your details. Moreover, it is to be noted that for E-key and password you will need CPR. If you are giving a Power of Attorney then make sure its limited to the work/services.
Steps to form a WLL Company Formation in Bahrain
Here we have enlisted some steps to form a WLL company formation in Bahrain
What are steps for a WLL Company Formation In Bahrain
Once the above steps to opening a WLL company formation in Bahrain are done then the following things are required to be done:
2.CHOOSE A BUSINESS NAME FOR WLL COMPANY FORMATION IN BAHRAIN
This is also a very important step for WLL company formation in Bahrain. In our opinion, the name should be such which can be easily remembered by everyone and suggest what your business is all about. If you are going to start a consultancy it should not sound like a garage or shop etc.
1. Application– An application with the above data will be provided to the Ministry of Industry. In the application, all the details like capital, passport copies (if expats), shareholding pattern, type of company etc are chosen.
2. CR without a license– If the application is approved then the Commercial Registration (the“CR”) without the license is issued. If the application is not approved due to guarantee reasons then the application will be rejected. When the application is accepted then a payment is given to acquire the CR without a license.
- 3. Get License –Once the above stage is satisfied then the final stage is to get the license as per the demands of the activity. They will time to time ask you to correct the mistakes if any and ask you to provide them with the documents also if required.
4. Memorandum –The Memorandum of a WLL company formation in Bahrain is the crucial document and controls all the terms and conditions of the partnership. It is the constitution of the company so in our opinion, we would never suggest anyone trusts a novice or inexperienced person with such an important document.
Cost of setting up a company in Bahrain
Normally a cost of setting up a company in Bahrain is BHD 800.000 without an office address and with the virtual office it can be BHD 1300.000 but it also depends on the nature and type of company. Plus it can be decided by the partners to set up a company in Bahrain ESR (Economic substance report or regulations) will be critical so you should full fill all their legal requirements such as, total cost of company company formation in bahrain includes the preparation of legal documents, payment of all taxes and fee at the time of registration and the consultancy charges.
With businessman friendly policies and an expanding pool of skilled talent and easy access to the $1.5 trillion Gulf market, Bahrain is the perfect location for establishing a company and as far as World Bank’s latest business report is concerned, it takes just weeks to form a company in Bahrain. For your guidance, we’ve gathered some important data of cost of setting up a company in Bahrain that are valuable while determining a cost of setting up a company in Bahrain.
What is the actual cost of setting up a company in Bahrain
The Bahrain not only give great assistance for startups in the shape of pro-entrepreneur policies, state-of-the-art infrastructure and a prosperous ecosystem, but also a cost of doing business that is 30% lower than any other countries. Rental rates for commercial property are significantly more inexpensive than other nearby countries, while ICT and utility gives good value to businessmen.
Moreover, Bahrain provides 100% foreign ownership in most industries, with no limitations on repatriation of capital, profits and dividend income. Furthermore, different licenses and agreements are essential for cost of setting up a company in Bahrain, but the process is easy and simple with minimum costs, normally less than USD$500 (BHD190 eliminating initial capital requirements and physical office address costs).
What Are The Steps For A Company Registration In Behrain
Step 1.Trust work with the client to get approval with the company name and activity from the Bahrain commercial registry
Step 2.law and trust with the client to secure the memorandum of association (MOA))
Step 3.prepere a file of necessary documents on the behalf of client to get approval from relevant authorities’ documents like passport copies of all shareholders, no objection certificate and type of company
Step4. Open a corporate bank account in Bahrain for bank account you required and you will need these vital things to open a corporate bank account:
Original passport ,Original CPR if applicable, Original power of attorney, Copy of CR, Copy of extract of CR, Bank statement at least six months, Feasibility and study plan of business, Electricity bill
Start a business in Bahrain
If you want to start a business in Bahrain then no worries the Bahrain govt welcomes foreign investment with open arms to improve Bahrain economy. Therefore, the economic laws of the country have been greatly liberalized. In the recent years, Bahrain has passed laws liberalizing foreign property control and restricting its anti-money laundering laws. Furthermore, the visa and immigration policies have been business friendly to satisfy business development in the nation. However, Bahrain is a developed advanced country for giving a business-friendly environment that is 100% safe, reliable and matchless in the Arabian Gulf.
Major considerations to start a business in Bahrain
Start a business in Bahrain promises a vast earning potential, tax exemptions, up-to-date infrastructure, suitable facilities, liberalized public policies and free trade barriers.
When you registered a company in Bahrain then there are some major considerations to start business.
- You must have very good knowledge about Bahrain
- You must have a strong and healthy business plan according to market condition.
- You should have a local powerful sponsor or partner who can overcome the difficulties which you can face; he must know the law of Bahrain so you can have full time assistance.
- When you registered your business you must show to the ministry of commerce.
- Take advantage of Bahrain’s tax rates
Why start a business in Bahrain
Bahrain is a well-developed country in the Middle East, poised to grow and emerging exponentially. Here we have enlisted few benefits to start a business in Bahrain:
- The customs duty in Bahrain is feasible, thus support export
- The management policies in the Bahrain is business-friendly
- The legal system is clear cut and easy to understand
- The banks in Bahrain are emerging at a rapid pace, leading to up to date banking facilities.
- In Bahrain, there is a huge opportunity for business growth
- The people of Bahrain are open minded and the culture is encouraging of industrial growth
- Bahrain has state of the art infrastructure, well-resourced with facilities to make it easy for companies to be set up
- Bahrain is the crucial port hub in the Middle East, giving suitable access to all the Middle Eastern markets
- The industries in Bahrain are growing each passing year and generating revenue for the country
- The welfare and variety of food in Bahrain is appetizing
CR Renewal
CR is a short form of commercial registration, It is compulsory to have a Commercial registrations in Bahrain to run a business officially .We can help you in establishing business.
LMRA Services
Our professionals are capable of handeling all of your LMRA operations. They can assist you in Visa processing, adress updating Ceiling Offence Removal on time.
Accounting Services
Are you looking for assistance in Audit Finalization?Our experienced professionals can help you in managing your accounting data.Are you looking for assistance in Audit Finalization?Our experienced professionals can help you in managing your accounting data.
VAT Registration
The Governmet of Bahrain has imposed 5% value added tax on all products and services. Later or sooner all businesses are required to be VAT registered.
Amendments
The Governmet of Bahrain has imposed 5% value added tax on all products and services. Later or sooner all businesses are required to be VAT registered.
FAQs
Yes, You can own services-related businesses in Bahrain without a local sponsor. As per new legislation, only 1% Bahraini ownership is required for the trade sector.
A typical company can be formed in 18-25 working days.
Around 90% of the company formation procedure can be done virtually. Howerver,Personal presence is required to open company bank account.
Following are the requirements for company formation in Bahrain:
- Passport Copy.
- NOC (For employees in Bahrain only).
- Power of Attorney or E-key.
- Office Address (Electricity Account).
- Memorandum of Association.
- Capital Deposit Certificate.
By setting up a company in Bahrain each shareholders will get a “Businessman/Investor” resident permit and resident permits for their dependents (Spouse and Children). Initially you can avail 2 work-permits for your employees. Later you can increase the work-permits by providing the workload document to LMRA.
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whatsapp : +97333733381
Buidling 4314 B&G, Road 1456, Block 1014, Hamala, Kingdom of Bahrain
