How To Open A Company In Bahrain
Company formation in Bahrain guarantees a huge earning potential benefits of various tax exemptions convenient facilities state-of-the-art infrastructure and liberalized public policies along with free trade. When opening a branch a registration form will need to be filled in and accompanied by the parent companys registration documents.
Incorporation process can be a very time consuming and expensive endeavor because.
How to open a company in bahrain. It takes 3 months to set up a company and open a corporate bank account in Bahrain. It can be safely assumed that a company composed of a sizable workforce requiring individuals of various skills would certainly depend on foreign employees and would likely suffer additional costs in the endeavor to recruit for critical positions when limited to Bahrains 13 million citizens. The name of the branch needs to be a unique one in Bahrain.
The next step is to register your company name that will stick with your business forever. 2Register a Company Name. Be prepared to undertake extensive research into the business sector you aim to operate within.
The owners shareholders and directors. Foreigners who are either a single natural person or a single corporate body can form a SPC in Bahrain. 973 1750 2757 or contact form This could be your address View in Google Maps.
Set up a Business in Bahrain with Commitbiz. The capital deposit certificate as well as the sponsorship agreement signed by the Bahraini individual or company will also be required. Understanding a regions history provides indications for the selection of a market sector to conduct commercial activities to the greatest effect.
One of the most important decisions while starting a business is choosing a legal structure. Once the above have been approved you will receive a Commercial Registration Certificate. With this initial approval you can move forward with the first steps of setting up like.
You must have a viable business plan which includes a study of the market conditions the competition and your forecast results. Opening a bank account. The name of your company.
There are three major considerations to be made by those thinking of starting a business in Bahrain. SPCs must select a company name not similar to another legal entitys name in Bahrain. An endeavor to start a business anywhere in the world should be based on extensive regional knowledge grounded in research of a particular industry and backed by adequate capital.
When registering a company outside of one of Bahrains Free Zones the employment of foreign workers is limited by a quota. How to start a business in Bahrain. The company name must either end using the words Single Person Company or its abbreviation of SPC.
Steps to Start a Small Business in Bahrain 1Select a Legal Structure. It can be difficult if one is an ex-pat to go through the procedure of starting a business in Bahrain. The Servcorp business registration offices in the Diplomatic Commercial Offices Tower enable you to register your company whatever its size for BHD 250.
That is where business setup consultants in Dubai like Commitbiz can help with the registration. You must have a good knowledge of the region. Unfortunately The Bahraini Government and Authorities are slow to provide the necessary.
After registering your company successfully the next steps is to open a company bank account then lease an apt office space and then hire Bahraini employees etc.
