Initially To issue a CR without License, We will Need a copy of Your ID’s, 3 Company Name Suggestions.
The incorporation processes depends on the Business activities, each activity has its own approval process. Setting up a Consultancy firm for example, Takes only 1-2 weeks.
Some activities do not require a physical shop to operate, with today’s technology you can complete run your Company in the comfort of your own home. This can be done by renting a Virtual Address, Virtual Addresses can be used as the companies main address or a temporary address until actual offices open.
Contact us for more information about Renting a Virtual Address.
The last step to setting up a company in Bahrain is to Open a Company Bank account. Once the Memorandum of Association is signed by a notary public, or a Private Notary the bank will need the original signed Memorandum of Association to open a Company account.
Citizens of the GCC and citizens of the United States of America (USA) may practice all commercial, professional, industrial, and service activities through a sole proprietorship or a company with exception to certain banned business activities.
Citizens of other countries, either Arab or foreign, may engage in all economic activities through all forms of commercial companies except for certain activities that require a Bahraini Partner.
According to the Ministerial Order No. (83) of 2020 related to the disclosure of the Ultimate beneficial Owner, it is now mandatory in accordance with the Ministerial order for all CR holders to Register, Except for those licensed by the Central Bank of Bahrain.
The Ultimate Beneficial Owner Basically any Shareholder owning more than 10% of the Company’s Capital. Failing to Register the UBO will imply a Violation on the CR.
Contact us if you require Ultimate Beneficial Owner registration (UBO).