Tamkeen Application Assistance in Bahrain
The Kingdom of Bahrain, over the past years, has become an attraction for investment opportunities from inside and outside. The country provides a rewarding investment environment and business landscape to businesses all over the world. The government of Bahrain has launched many initiatives for the betterment of investors and entrepreneurs who are looking to strengthen their business both financially and economically.
Once such initiative, that has achieved big from the initial years of its launch is Tamkeen. Since its inception, Tamkeen in Bahrain has been working towards strengthening the national economy by supporting the development of the private sector so as to make it the engine of economic growth in the kingdom. Founded in the year 2006, Tamkeen is a semi-government agency in the country which provides assistance and training to private sector businesses and individuals, thereby promoting business setup in Bahrain. Their vision is to empower Bahrainis to prosper and contribute to the national economy.
Also known as the Bahrain Labour Fund, Tamkeen’s mandate revolves mainly around developing the people of Bahrain to make them capable of facing the competition in the market. Additionally, drive increased productivity and efficiency among businesses, and simultaneously help generate value-added job opportunities in the Kingdom.
Tamkeen plays an impactful, distinct and critical role in the national economic development’s landscape, having served over 140,000 Bahrainis and businesses. It serves the businesses under few key areas. They are as follows:
- Business Development
- Training and Wage Support
- Business Incubator
- International Placement
How Does Tamkeen Help Businesses?
Tamkeen is underpinned by 3 pillars:
- Customer centricity
- Quality improvement
- Delivering results
At a business level, every stage of business comes with a unique challenge where a solution that has worked for one stage may not work for others. It gradually becomes hard for an entrepreneur or even an established business to find solutions to. Here, Tamkeen comes to the rescue. At Tamkeen, businesses have been defined by the growth needs at the stage of their lifecycle they are at, whether in the planning, start-up or the growth stage. Also, to encourage entrepreneurship, establish companies in Bahrain, and support existing businesses to grow to the next level, Tamkeen’s support is also customized to meet the exact growth needs of the business thus ensuring maximum impact.
Till date, Tamkeen has launched around 200 programs which are focused on areas such as funding and financing, skill and career progression, customized employment schemes, and entrepreneurship exposure, amongst many others. The other achievements of Tamkeen since its launch are:
- The Tamkeen portal has helped 55% of business owners increase the number of Bahraini employees in their organization
- They have launched more than 60 initiatives to help around 38,000 private sector employees
- Six enterprises have so far benefited from Tamkeen’s program on investment support, creating more than 200 jobs
- As part of Tamkeen’s Enterprise Finance Scheme solutions, businesses obtained BHD 15 for every BHD 1 spent by Tamkeen
- The portfolio of Tamkeen’s Enterprise Support Finance Scheme has exceeded BHD 400 million
Since entrepreneurs require a lot of support when they set up their business, Tamkeen can be of great help as they understand these needs and have developed a variety of programs through which Entrepreneurs can obtain funding and incubation. We at Business Setup Worldwide help in assisting the companies through the Tamkeen application process. Our services can be of benefit to new start-ups as well as established companies. We understand the hardship of running a business and hence we provide complete assistance till you get the final approval from the Tamkeen business centre.
We at Business Setup Worldwide have developed strategic relationships and liaisons which are pivotal to the success of your business in Bahrain. Our consultants provide strategic solutions to all the problems relating to your business. In other words, we remove the hurdles that come across your venture in any part of the world in a cost-effective manner. Contact us today for more information.