No. Resident directors/shareholders would not be required while registering a company in Bahrain.
Category
Bahrain
To register a business with the company registrar in Bahrain, only 1 shareholder is required. That is the minimum number of shareholders to register a company.
Secretarial services are required to make sure your company is compliant with the regulations of Ministry of Industry and Commerce, Kingdom of Bahrain.
Secretarial services aid in mitigating and minimizing possible operational risk to a company by ensuring that regulatory standards are duly met.
Yes, intellectual property needs to be renewed. A patent or a trademark can be renewed. Depending upon whether the IP is a patent or trademark, the period after which it needs to be renewed is 15 years (subject to certain conditions) and 10 years, respectively.
IP registration in useful in many ways, like protection of market share by not letting others use the same concept/idea, licensing the IP to third parties for commercial returns, selling the IP for a specified sum, using the IP to raise equity for business operations.
The validity of a patent registration is for 15 years only. It can be renewed for 5 years given that the patent is of special significance and the income realized from it during the original term is not considerable relative to the expenses incurred.
There is a 60-day period, after filing, open for filing an opposition to a trademark. An opposition to the registration of a trademark should be prosecuted before the Registrar by an authorized agent or the proprietors themselves within the prescribed period.
A trademark registration is valid for 10 years from the date of filing the application for it. Subsequent to 10 years (after filing the application), a trademark registration is renewable for periods of 10 years each.
Copyright protection lapses, usually, 50 years after the death of the author. If the book, painting, photograph, radio/television programme or softwareisa jointly owned intellectual property, the patent lapses 50 years after the death of the last surviving author.