02-Aug-2022 NEW COMPANY REGISTRATION IN BAHRAIN –company-registration company-incorporation bahrain bahrain law incorporation of entities in bahrain
Currently, the Bahraini government has eased restrictions related to foreign investment in the country. Hence different investors can get benefits related to incentives from the government.
Currently, the Bahraini government has eased restrictions related to foreign investment in the country. Hence different investors can get benefits related to incentives from the government. Company registration in Bahrain is quite straightforward. However, it is important to comply with the requirements of Sharia law and the rules under the respective authority.
The Bahraini government has also developed different forms of governance strategies for handling compliance. The main regulatory authority for company formation in Bahrain is the Ministry of Industry, Commerce and Tourism (MOICT). An applicant has to utilize the ‘SIJILAT portal’ when registering the entity in Bahrain. Apart from this, it is important that the applicant carries out due diligence and research before incorporating a company in Bahrain.
PROCESS STEPS FOR COMPANY REGISTRATION IN BAHRAIN:
The following procedure has to be adopted for company registration in Bahrain:
- 1. Obtain Electronic Key
An applicant has to first obtain the electronic key by registering at the office of the e-Government Authority in Bahrain (www.ekey.bh). Once the above process is carried out, the applicant can go ahead with the process of registering under the commercial registers.
- 2. Application
After this step is carried out; the applicant can apply through the e-gateway system for company registration in Bahrain.
- 3. Licenses
The applicant would have to determine the type of license required for carrying out the commercial activity. This system can be carried out through the Unified Directory of Business Activities. Once this process is carried out, the applicant would have to determine the type of legal structure utilized for company registration in Bahrain.
- 5. Documents
Once the above step is fulfilled, all the documents would be electronically sent through the system and this will be reviewed by the Ministry of Industry, Commerce and Tourism (MOICT). The applicant would also have to pay the respective municipal fee of 10 dinars for the application. This would be after securing the relevant approval from the ministry.
- 6. Notification
The applicant would be notified of the progress of the application. Approval related to this would be provided electronically. An electronic commercial registration certificate would be provided to the applicant. If the applicant wants a hard copy of the certificate of registration, then a fee of 2 BD has to be paid.
- 7. Publication
Once an application is successful it would be published in the official gazette.
DOCUMENTS FOR COMPANY REGISTRATION IN BAHRAIN
The main documents required for company registration in Bahrain are:
- 1. Duly filled company registration application form
- 2. Capital Deposit Certificate
- 3. Copies of Passport and Visa for company shareholders
- 4. Power of Attorney for Outsourced Consultant
- 5. Company Business Plan
- 6. Commercial office address details
- 7. Copies of Certificates of education and training of the applicant
- 8. Memorandum and Articles of Association