BUSINESS SET UP IN BAHRAIN (1)

1
How to start a company in Bahrain ?

• Visit www.helplinegroup.ca

2
Introduction

• Since the government passed a new rule enabling
  foreign investors to possess 100 of a number of
  economic sectors, Bahrain has gained
  attractiveness as a location for investments. The
  Kingdom's business infrastructure has been
  improved by investment from across the world in
  real estate, manufacturing, health and social
  services, administrative services, the arts,
  entertainment, mining, and investments, creating
  a profitable environment for your company to
  expand and thrive.
• Business set up in Bahrain, which has a robust
  infrastructure, a stable government, and
  advantageous regulations, requires legalising
  firms through commercial registration.

3
Process of Registering your Business in Bahrain

• It is simple to operate and set up in Bahrain as
  long as you obtain clearance from various
  governmental and regulatory agencies and follow
  their regulations.
• A business owner should decide on the legal form
  of the organisation initially. It is a
  significant choice since Bahrain's legal system
  has an impact on commercial operations there.
• The company name of the business organisation
  must be adopted in accordance with the MOIC's
  (Ministry of Industry and Commerce)
  recommendations for business owners.
• Four names for the corporation may be suggested
  by business owners or investors those that don't
  fit the criteria will be discarded. Investors
  will need to come up with a fresh set of four
  names from the start if all four are rejected.
• The third step in a business setup in Bahrain is
  registering your company, which has different
  requirements for corporations and individual
  investors.
• The Bahrain Investors Center has access to
  individual business commercial registration
  documentation (BIC)
• Companies and organisations can access commercial
  registration paperwork at the Ministry of
  Industry and Commerce Registration Directorate
  (MOIC)
• Despite the fact that commercial company
  registrations can start operating right away
  after acquiring a commercial registration from
  MOIC, certain businesses are required to apply
  for approvals and authorization from several
  governmental agencies and regulatory bodies.

4
Advantages of Company Registration in Bahrain

• Bahrain is well-known across the world for its
  welcoming business climate, a wealth of options
  for both personal and company investment, and
  first-rate infrastructure. Due to its affordable
  operating expenses, vibrant market, and extensive
  worldwide connections, Bahrain has a
  well-deserved reputation as an easy location to
  conduct business.
• Bahrain serves as a jumping off point for
  starting a business elsewhere in the Gulf
  Cooperation Council. Bahrain's open laws and
  norms help to strengthen its stability.
  Growth-friendly tax policies, such as the 0
  corporation tax rate, encourage business. The
  majority of industries permit 100 foreign
  ownership. Compared to other GCC sites,
  operational expenses are cheaper.
• Businesses and investors may access contemporary
  financial services. Bahrain's benevolent
  government policies do not hinder foreign
  investment. On the other side, government
  representatives work closely with companies and
  regulators to find and enhance opportunities in a
  range of industries. Export and import duties are
  waived for Bahrain-based businesses.

5
Conclusion 

• The Helpline Group can assist you in starting
  your own business and business setup in Bahrain
  at every stage. Our professionals can provide
  one-on-one counselling and direction on how to
  utilise the legal system and expand your
  business.
• In addition to providing the finest access to the
  thriving economies of the Gulf and beyond,
  Bahrain provides enterprises tremendous
  prospects. You can count on Helpline Group to be
  there for you while you start again.
• At every stage of your business setup, from
  deciding the size of your operation to getting it
  created, registered, and obtaining post-setting
  support services, our great team at Helpline
  Group can provide practical assistance and
  strategic counsel. Do not hesitate to contact us
  if you want help with business registration.