The process of company formation in Bahrain involves several structured steps to establish a legal entity for conducting business efficiently. Here’s a streamlined overview:
- Choose a Business Activity: Determine the specific business activities your company will engage in and ensure they align with Bahraini regulations.
- Choose a Legal Structure: Select an appropriate legal structure, such as a W.L.L (With Limited Liability), S.P.C (Single Person Company), or branch of a foreign company, based on your business needs.
- Obtain Initial Approvals: Obtain initial approvals from relevant authorities for specific activities or sectors, if required.
- Register the Company: Draft the Memorandum and Articles of Association, compile required documents (including passport copies of shareholders and directors), and submit the application for company registration to the Ministry of Industry, Commerce, and Tourism (MOICT).
- Obtain Residence & Work Permits: Arrange for residence permits and work permits for foreign employees and directors through the Labour Market Regulatory Authority (LMRA).
- Obtain Commercial Registration: Upon approval, obtain a Commercial Registration Certificate (CR) from the MOICT, establishing your company’s legal status.
- Open a Corporate Bank Account: Open a corporate bank account in Bahrain, deposit the required minimum share capital, and obtain necessary bank references.
- Start Business Operations: Secure suitable office space, obtain any required municipal licenses, and commence business operations in accordance with Bahraini laws and regulations.
Throughout the process, consulting with a professional advisory firm experienced in Bahraini company formation is advisable to navigate legal complexities, ensure compliance, and expedite the establishment of your business entity smoothly and efficiently.
Company setup in Bahrain.
Business setup in Bahrain.