Register your company in Kingdom of Bahrain

Michalaki Pitsillidou Rozen Law Firm > Register your company in Kingdom of Bahrain

Kingdom of Bahrain

 

Kingdom of Bahrain

Kingdom of Bahrain excellent geographical position helped to form a major commercial center that provides access to both European and Asian markets therefore various entrepreneurs can reach a wider customer base.

 

Company Registration in Bahrain 

Various legal options are provide in Bahrain based by the size and nature of business as well as the requirements of investors. Shareholders and Directors of Bahrain companies are given an Investor’s residence visa. The available types of company registration include:

 

A Limited Liability Company (W.L.L.) 

A Limited Liability Company is a company consist of more than one shareholder who are responsible for the company debts and  liabilities only to the extent of their capital. If only one shareholder is left, the company will have a warning period of 30 days in order to introduce new shareholders otherwise the LLC company will be either dissolved or converted to a single person company. Some restriction are the an LLC company cannot issue public shares, debentures and negotiable warrants, banking and insurance activities are not allowed. A Limited Liability Company cannot issue public shares,  negotiable warrants, or debentures. Main features of this company type are:

  •  Limited liability.
  •  Local operations are allowed.
  • A local office is requires.
  • Minimum share capital that is required is BD 20,000.
  • The minimum number of shareholders required is 2 and the maximum is 50.
  • At least 2 directors are required.
  • Local shareholders not required.
  • 100% foreign ownership is allowed.
  • Annual submission of audited financial statement is required.

 

Single Person Company (S.P.C) 

A single person company is actually a Limited Liability Company sharing most of the characteristics of LLC but with some diffrences.

  • Minimum share capital is BD 50,000
  • Only 1 shareholder
  • Minimum number of directors is 1

 

Foreign Company Branch 

A branch of a foreign company is an entity that is incorporated and registered outside Bahrain but can establish an operation office in Bahrain. Main features of this type of entity are:

•  Limits of liability same as the parent company.

•  Local operations are allowed only for an operational office.

•  Representative and regional Office are only permitted to undertake marketing and promotion.  •  Banking and insurance activities are allowed (operational offices only).

•  Local office presence is required.

•  Minimum share capital is not applicable.  •  Branch manager is required.

•  A local shareholder is required only for an operational office.

 

Schedule of Fees 

Costs of incorporation of company  depends on the type of entity required, and the activity which  it undertakes. Each business activity of the entity will need specific approval from the relevant government department.  Whilst our associated office will handle all procedures the timescales vary and the prices are in the range of BD.  1,500 to BD. 5,000.

 

 

 

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