Published
Sep 4, 2023
Updates:
Dec 3, 2024
Bahrain
Price:
Delivery:
Legal forms:
Payment methods:
3 days
LLC, WLL, GmbH
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Bahrain
$
2500
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Registrar
Abbreviation
Phone
Ministry of Industry, Commerce and Tourism
MOICT
+973 1757 4777
Location
Capital
Official languages
Population
Currency
ISO 4217
Manama
Bahrain
Arabic, English
1,485,509
BHD
Bahraini Dinar
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Bahrain
Q: What are the types of companies that can be formed in Bahrain?
A: The most common types of companies in Bahrain are Limited Liability Companies (LLCs), Single Person Companies (SPCs), and Branch Offices.
Q: What are the requirements to form a company in Bahrain?
A: The requirements for forming a company in Bahrain include at least one director and one shareholder, a minimum share capital of BHD 20,000 (approximately USD 53,000) for an LLC, and a registered office address in Bahrain.
Q: How long does it take to register a company in Bahrain?
A: The registration process for a company in Bahrain can take approximately two to four weeks.
Q: What are the documents required to register a company in Bahrain?
A: The documents required include the company's Memorandum and Articles of Association, details of the company's directors and shareholders, a registered office address, and payment of the relevant registration fees.
Q: Can foreigners own a company in Bahrain?
A: Yes, foreigners can own and operate a company in Bahrain. In fact, Bahrain encourages foreign investment and offers various incentives to attract foreign companies.
Q: What are the tax implications of forming a company in Bahrain?
A: Companies in Bahrain are subject to corporate income tax, which is currently set at a rate of 0% for most industries. However, there may be other taxes and fees depending on the industry in which the company operates.
Q: What are the ongoing compliance requirements for a company in Bahrain?
A: Companies in Bahrain are required to file annual tax returns, maintain accurate financial records, and comply with various reporting and disclosure requirements. There may also be industry-specific regulations and compliance requirements.
Q: Can I use my Bahraini company to do business outside of Bahrain?
A: Yes, you can use your Bahraini company to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions. However, you may need to obtain additional licenses and permits to operate in certain countries.
Bahrain has a strong and diversified economy, with a GDP of $37.2 billion in 2019. The country has a high level of economic freedom, ranking 11th out of 180 countries in the 2020 Index of Economic Freedom. Bahrain has a strong banking sector, with the Central Bank of Bahrain regulating the banking system. The country also has a thriving tourism industry, with over 8 million visitors in 2019. Bahrain has a strong oil and gas sector, with the Bahrain Petroleum Company (BAPCO) being the largest oil producer in the country. The country also has a strong manufacturing sector, with the aluminum industry being the largest contributor to the economy. Bahrain also has a strong financial services sector, with the Bahrain Financial Harbour being the largest financial center in the region. Overall, Bahrain has a strong and diversified economy, with a high level of economic freedom and a thriving tourism industry.
Bahrain has a tax system that is favorable to foreign investors and businesses. There is no corporate tax, personal income tax, wealth tax, or value-added tax (VAT) in Bahrain. However, certain industries such as oil, gas, and petrochemicals are subject to specific taxes and fees.
Here is some information on the tax process and calendar for payments in Bahrain:
Corporate Tax:
As mentioned, there is no corporate tax in Bahrain.
Value Added Tax (VAT):
Currently, there is no VAT in Bahrain. However, the government has announced plans to introduce VAT in the future.
Personal Income Tax:
There is no personal income tax in Bahrain.
Social Security Contributions:
Employees in Bahrain are required to make contributions to the General Organization for Social Insurance (GOSI). The employer is responsible for deducting the contribution from the employee's salary and paying it to GOSI.
Tax Calendar:
Since there is no corporate or personal income tax in Bahrain, there are no tax deadlines to meet. However, businesses are required to submit their financial statements annually to the Ministry of Industry, Commerce and Tourism.
It is important to note that tax laws and regulations in Bahrain can change, and it is recommended to seek professional advice before making any decisions related to taxation.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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