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Company Formation Services in Bahrain

Company formation in Bahrain is the process of registering a business at Bahrain Investors' Center (BIC). As a result, the business becomes a distinct legal entity.

The Kingdom of Bahrain is located in the Southwestern corner of the Persian Gulf, that stands as an archipelago of 30+ islands. The region has been ranked as 43 among the 190 nations. Over the years, the location has turned out to be a pleasant spot for international investments and is widely accepted by international investors. Along with the growth of foreign investments, the Bahraini Government has mandated strict rules regarding company set up standards that need to be followed strictly. This guide outlines the company formation services that are recommended to proceed ahead with the help of business experts.

What is Company Formation Service?

The company formation service deals with the company registration rules that need to be completed at Bahrain’s Investors’ Centre. The outcome reflects the legal authorization of the business entity.

Why to Avail Company Formation Services?

The core reasons to proceed ahead with company formation services are outlined below:

  • The benefit of financial protection
  • Company formation forges a professional corporate image
  • Enables the business owners to manage their remuneration in a tax-effective way
  • Builds the image of established and reliable business
  • Increases the trustworthiness of company stakeholders

How to Register a Company in Bahrain?

The company registration in Bahrain, the following steps may be followed.

1. Be Clear Regarding the Business Activity

First and foremost, the business investor needs to have clarity regarding the business activity that will be performed. Being clear about business activity helps you to draft an appropriate business plan.

2.Figure out a Strategic Location

The second steps involve the selection of the business ground. The investors have the option to choose among the Mainland, Free Zone and Offshore business location based on the business requirement.

3. Get the Required Documents

Upon selection of the respective location, the third option is to be handy with the company documents. The set of essential documents involves the following list.

  • Duly filled company registration form
  • Elaborated business plan
  • Passport and visa copies of the company shareholder(s)
  • Central Population Registration Card (CPR)
  • Resume including the educational certificates
  • Certificates collaborating training and experience
  • Statement of assets

On a general note, it takes around 1 to 5 business days for the company to get registered.

4.Obtain the Respective Approvals

This step includes obtaining approvals for the following:

  • Name of the company
  • The owners, shareholders and directors
  • The selected business structure

5.Proceed with Bank Account

Once the permissions have been received, a corporate bank account needs to be opened to carry out the business transactions. Here’s a guide on how to open a bank account in Bahrain.

6.Obtain a Business License

At this step, the Government Authority analyses the business plan and documents. Once verified, you will obtain approvals from the following authorities.

  • Municipality
  • Regulators and Licensing Authorities

After obtaining the relevant approvals, the business activity license will be issued, which is a legal permit to carry out the business operations.

7.Implement the Post-incorporation Services

Carrying out business activities also requires continuous tracking and maintenance. Once the business activities are carried out, infuse accounting, bookkeeping, taxation, company secretarial services to complete the foundation of your business. We can aid you with the required information you might need. Here’s more on things you should know after setting up a business in Bahrain.

Advantages of Registering a Company in Bahrain

By setting up a company in Bahrain, the company investors can grab the following benefits:

1.Liberalized Government

The Bahraini Government establishes an improved economy to boost the nation to the next level. The core aim is to widen the market opportunities for foreign nationals to come forward and establish their business ideas. As of now, the Government Plan (2019-2022) is in progress holding the following priorities:

  • Upholding the values of the State and Society
  • Financial sustainability and Economic Development
  • Supporting and Enabling /Sustainable Environment

2.Access to Double Taxation Agreements (DTAs)

Double Taxation Agreements or treaties are legal permits that allow the nations to carry out the business operations by eliminating the import and export process on the go. The Kingdom of Bahrain has got access to Double Taxation Treaties with the following countries:

Algeria

Cyprus

Ireland

Mexico

Sri Lanka

Austria

Czech Republic

Isle of Man

Morocco

Sudan

Bangladesh

Egypt

Jordan

Netherlands

Syria

Barbados

Estonia

Republic of Korea

Pakistan

Tajikistan

Belarus

France

Lebanon

Philippines

Thailand

Belgium

Georgia

Luxembourg

Portugal

Turkey

Bermuda

Hungary

Malaysia

Seychelles

Turkmenistan

China

Iran

Malta

Singapore

UK

 

 

 

Uzbekistan

Yemen

The business investors can carry out free business operations with the mentioned countries and don’t have to bother about paying any kind of taxes.

3.Access to the International Market

The region of Bahrain is centrally and strategically located, and so, then it becomes a significant spot for the business professionals to expand their business to the neighbouring countries covering Saudi Arabia, United Arab Emirates, Qatar etc. This feature of being placed also helps the Government to grab international attention and drive-in more FDI in the region.

4.Easy Business Incorporation Process

Over the years, the growth of business incorporation in Bahrain has been continuously spiking up. Focusing on the growth rate, the Government has eased the process of the company set up in Bahrain for foreign nationals. However, most of the business investors opt to proceed ahead with experienced business professionals as the process turns out to be more comfortable and hassle-free.

5.Hassle-Free Visa Policies

Dealing with international business required the business owners and the respective employees with the necessary documents. The business owners need to hold an investor visa, whereas the employees can be onboarded backed by employment visa. The General Directorate for Immigration and Passports have designed a user-friendly portal to systemize the process. Here’s a guide on how to apply different types of visa in Bahrain.

6.The flexibility of Company Setup Location

The investors have the complete flexibility to choose the best suitable location according to the business needs as the region provides the privilege of Mainland and Free Zone. It is to be taken care that the company set up destination must be chosen based on the parameters of nature of business and the availability of shareholders and the registered capital.

Thus, we can state that the region of Bahrain provides multiple benefits to international business investors to proceed ahead with business investment options. So, before investing, it becomes essential to understand the advantages of setting up a business in Bahrain.

Why to Avail Professional Services?

Getting in touch with professional experts help the business owners to lower their burden to a great extent. Apart from that, one can avail the benefits stated below.

  • Legal documentation processes are handled effectively
  • Experts can facilitate right from incorporation to finding office space
  • The business plan gets drafted by implementing different business designs and techniques
  • Experts are well-versed with the market scenario
  • Professionals can help you to establish a competitive-edge

How Can We Help?

Business Setup Worldwide is one of the best business consultants in the UAE and has been helping multiple business owners to establish their business across various locations. Our business advisors are well-versed with the company incorporation proceedings and can guide you at every step. The expert's team take the initiative of understanding the client’s business requirements and cater to the needs accordingly. Contact us today to have a word with our experts-we’d be glad to assist.

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