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Conclusion , Obtain Required Visas and Work Permits: Register for VAT: Set Up a Bank Account: Licenses and Approvals:
Reduced Risk: Increased Efficiency: Enhanced Transparency: Improved Market Stability:
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Successguide is the perfect solution to organize your business in all its aspects, starting from registering employees and data, through managing invoices and suppliers, and reaching complete control over your inventory.
Questions And Answers
Can I set up a company in Bahrain?
Yes, foreigners can set up companies in Bahrain.
New legislation allows 100% foreign ownership for services and manufacturing businesses. However, there are minimum Bahraini shareholding requirements for other sectors:
-> Trade Sector: 1 Bahraini share (0.01%) minimum ownership-> Construction Businesses: 51% Bahraini ownership required
How much does it cost to set up a company?
BHD 800 – BHD 1,340+ This is a starting range, and the total cost can vary depending on several factors, including:
Chosen Company Structure.
Government Registration Fees
Agent Fees (Optional)
Business Licenses:Obtaining required licenses may have associated costs.
How to start a business in Bahrain?
Steps to Start a Business in Bahrain (Simplified):
Choose a Business Structure & Name: Select the right company type and check name availability.
Prepare Documents: Gather necessary documents like passports, business plan, and proof of address.
Deposit Capital: Deposit the minimum required capital for your chosen structure.
Submit Application: Apply for registration with the Ministry of Industry, Commerce and Tourism (MOICT).
Obtain Licenses: Acquire any necessary business licenses based on your industry.
Register for Taxes: Register your business for tax purposes.
Open a Bank Account: Open a corporate bank account for your business transactions.
Additional Considerations:
Consulting a business formation specialist can simplify the process and ensure compliance.
The specific steps and requirements may vary depending on your chosen business structure.
How many Resident Permits (Visas) I will get after company formation in Bahrain?
Resident Permits After Company Formation in Bahrain:
Typically, each shareholder gets a “Businessman/Investor” visa.
Dependent visas (spouse and children) may be available for shareholders.
Companies can initially get 2 work permits for employees, with the potential to increase later.
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