The Ultimate Roadmap for Company Formation in Bahrain from Idea to Reality:
Are you considering company formation in Bahrain, El Azzab Group is your One stop shop for all your company formation requirements. With our extensive experience and specialized expertise in company formation in Bahrain, we can help you through all steps of company formation in Bahrain, including cost and timeline.
We understand that starting a company in Bahrain can be overwhelming, particularly for those unfamiliar with the process. That’s why we are dedicated to streamlining the process and offering cost-effective solutions that cater to your individual needs.
Our services include company registration with the Ministry of Industry and Commerce and tourism in Bahrain, securing and obtaining necessary permits, and fulfilling all legal obligations.
Why Company formation in Bahrain?
If you are looking for a strategic place to set up your business, then Bahrain is the ideal place to do so. Bahrain is a small country in the Middle East located between Qatar and Saudi Arabia and it offers great business opportunities due to its strategic geographical position, stable economic environment, liberal business laws and convenient access to the larger Middle Eastern market.
- Low Corporate Tax
- Low Cost for company formation
- Simplified Company Setup Process
- Comprehensive business plan. (optional)
Steps to register company in Bahrain.
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Company Formation in Bahrain
Types of Company Formation in Bahrain
1. Bahrain Shareholding Company (B.S.C.) – Public
- Limited liability
- Commercial, banking, insurance and investment activities allowed.
- Local office presence required.
- Minimum share capital required is BD 1,000,000.
- Minimum number of directors required is 5.
- GCC nationals and foreign investors are permitted to own company shares.
2. Bahrain Shareholding Company (B.S.C.) – Closed
- Limited liability
- Banking and insurance activities allowed.
- Local office presence required.
- Local operation allowed.
- Minimum share capital required is BD 250,000
- Minimum number of partners required is 5.
- Local sponsor not required.
- Foreign (non-GCC) investors may acquire up to 100% of the company.
3. With Limited Liability Company (W.L.L.)
- Limited liability – Limited Partners, Shareholders, Partners with Unlimited liability.
- Banking, insurance and investment activities not allowed.
- Local office presence required.
- Local operation allowed.
- Minimum number of directors required is 1
- Minimum number of partners required is 1.
- Local sponsor not required.
- 100% foreign ownership allowed.
- Ideal for Foreign entrepreneurs looking to do business in Bahrain.
4. Partnership Company
- Unlimited liability
- Banking, insurance and investment activities not allowed.
- Local office presence required.
- Local operation allowed.
- Minimum share capital not applicable
- Minimum number of directors required is Two.
- Minimum number of partners required is Two.
- Local sponsor not required.
- 100% foreign ownership allowed.
5. Individual Establishment
- Unlimited liability
- The owner must be a Bahraini or GCC national
- An individual establishment in Bahrain may be registered only by Bahraini citizens and citizens of the Gulf Cooperation Council (GCC) countries (must be resident in Bahrain). Individual establishment is a non-incorporated entity and is owned by one person. The owner is responsible for all financial obligations of the business and may be held accountable for these debts with their personal assets.
6. Foreign Company Branch
- Limits of liability the same as that of the parent company
- Local operations allowed only for operational Offices.
- Banking, insurance and investment activities allowed..
- Local office presence required
- Minimum share capital not applicable
- Branch manager required.
Take your business to the next level with our professional company formation services in Bahrain. Contact Us Now
Company Formation in Bahrain
STEPS FOR COMPANY FORMATION IN BAHRAIN
Step#1 Security Clearance
The security clearance procedures for company registration (CR) in Bahrain is managed by the Nationality, Passports, and Residence Affairs (NPRA) authority.
In order to guarantee adherence to national security regulations, the NPRA conducts an extensive assessment that involves verifying personal information and conducting background checks.
Required Documents
- Clear copy of the passport (mandatory)
- Visa copies (optional)
- Educational documents (optional)
- Comprehensive business plan. (optional)
Step#2 Business Name Registration
At El Azzab, our team will guide you in the preparation and submission of your necessary documents for business name reservation. We recognize the significance of selecting an appropriate business name and its impact on your success. Therefore, we are here to help you select a name that aligns with your business activities and differentiates you in the market.
Requirements
- Three Proposed Business Names
- Proposed Business Names should be unique.
- proposed business names should not be trademarks.
- proposed business names should not be taken before..
Step#3 Registered Office Address and Municipality Approval
For those looking to establish a company in Bahrain, an office address is required by the ministry for company registration.
Additionally, businesses must obtain approval from the municipality to comply with local laws, By meeting these requirements, businesses demonstrate their adherence to regulations, helping them to establish a lawful presence in Bahrain.
EL Azzab Group offers office spaces that cater to individual business needs, ranging from private offices to co-working spaces, with a diverse range of options available to fit any budget.
Our flexible office spaces and commercial address are designed not only to meet the necessary regulations but also to provide businesses with the support and amenities they need to flourish in today’s dynamic business environment.
Step #4 Memorandum of Association and its Notarization
When establishing a company formation in Bahrain, a crucial step is the drafting and signing of a memorandum or deed of association. The following are the prerequisites for completing this phase..
Required Documents
- Your original and Valid passport.
- Your original CPR (If Available)
- Your original power of attorney or self-Presence in front of notary.
Our team will help you with the complex process of drafting and signing a memorandum or deed of association for your business in Bahrain. We ensure all necessary steps are taken and we are committed to providing transparent and reliable services to help you establish and grow your business.
Step #5 Opening a Business Bank Account
To activate your company in Bahrain, it is mandatory to open a business bank account. This process need to be done by the client by presenting yourself in front of the bank Officer. This is the final step for the company formation in Bahrain.
Required Documents
- Original passport
- A copy of your CR (Commercial Registration) certificate
- A copy of the extract of your CR.
- Original notarized memorandums.
- six-month bank statement from any bank in Bahrain or outside Bahrain (Personal or Business)
- The original lease agreement
- Electricity bill for your commercial address.
- Business Plan.
Once the Bank account is opened, need to deposit the capital amount and obtain a Capital deposit Certificate, this certificate will enable us to complete the company formation in Bahrain process with all steps.
What you receive after completing company formation in Bharain.
- Commercial Registration (CR) – Company in Bahrain with 100 % Ownership
- Eligible for Investor Visa and dependent visas for the family (for all partners).
- Eligible for Two Work Visas for your Employees.
Company Formation in Bahrain
Cost of Company formation in Bahrain
When considering the cost of company formation in Bahrain, it is necessary to understand various factors that can influence the overall expenses involved in the process, such as the cost of licensing, registration fees, rental expenses, and other operational overheads, all of which play a significant role in determining the overall investment required for establishing a successful business in the country.
At El Azzab Group, we provide cost-effective company formation packages, commencing from BHD 499 (includes all government fees and our service charges except the Monthly office rent).
- Costs can vary depending on the number of partners, type of company, and nature of business.
- Costs may vary if there are any additional approvals required for certain activities.
Company Formation in Bahrain
Company Formation Processing Time
Total Period: 30 Working Days
El Azzab Group recognizes the importance of timely establishment for any business and offers expedited services to meet your needs. Our comprehensive packages can assist you with the process and we would love to discuss further details with you. Please reach out to us today to learn more about what we have to offer.
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You may contact us by filling in this form any time you need professional support or have any questions.
Our Address
Gulf Executive Offices, Office 1002, 10th Floor, Adilya, Kingdom of Bahrain
Contact Details
Land Phone: +973 – 13112276
Email: [email protected]
Whatsapp Contacts
+973 35080659 +973 34665810
+973 33726034 +973 33148049
+973 33615288 +973 33540296
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