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Planning on starting a business in Bahrain? If so, you’ve come to the right place. COREO offers comprehensive services for doing business in Bahrain, right from company formation. We have built a solid network of relationships over the years and we are able to put you in contact with the right people and services to make your business hit the ground running.
Feel free to contact us for a free consultation.
If doing business in Bahrain is a new frontier for you and your company then the following business basics may be of some benefit.
Coreo's services in Bahrain offer a wide variety of services to businesses looking to set up. Although foreign businesses do not require local representation, extensive advantages are offered to companies that are looking for such support. In addition to relocation services, Coreo offers extensive administrative support including, but not limited to incorporation within the country, visa assistance, bank accounts, recruitment and visa processing.
The different types of companies that can be setup in Bahrain are as follows:
Bahrain Shareholding Company B.S.C. (Public)
A joint stock company consists of a number of persons not less than seven who subscribe to it by way of negotiable shares. They shall be liable for the company's debts and obligations only to the extent of the value of their share. The issued capital must not be less than (BD1,000,000) One Million Dinars.
Bahrain Shareholding Company B.S.C. (Closed)
A closed joint stock company consists of a number of persons not less than two - who subscribe for negotiable shares that are not offered to the public for subscription. The issued capital must not be less than (BD250,000) Two Hundred Fifty Thousand Bahraini Dinars.
With Limited Liability Company W.L.L.
A Limited Liability Company is a company in which the number of partners does not exceed fifty partners, and each of them shall only be liable to the extent of their respective share in the capital. The capital must not be less than (BD20,000) Twenty Thousand Bahraini Dinars.
Partnership Company
A Partnership Company is a company established by two people or more under a certain name, and in which the partners are jointly liable to the extent of all their property for the company's obligations.
Single Comandite Company
Is a limited partnership company set up by two partners or more, who are jointly liable for the company's obligations to the extent of all their property, and by another or more partners, who have shares therein but are not engaged in its management. The latter partners are called silent partners and shall be liable for the company's obligations only to the extent of their share in the capital.
Commandite By Shares Company
Is a limited partnership by shares that consists of two categories of partner, one of which is that of joint partners who are jointly liable to the extent of all their property for the company's obligations, and the other category is that of silent partners who are not liable for the company's obligations except to the extent of their shares in the capital. The capital must not be less than (BD20,000) Twenty Thousand Bahraini Dinars.
Single Person Company S.P.C.
It is every economic activity that the capital of which is fully owned by one natural or corporate person. The capital must not be less than (BD50,000) Fifty Thousand Bahraini Dinars.
Branch of a Foreign Company
Branch of a foreign company: is every branch of a foreign company, which has been incorporated and registered outside the Kingdom of Bahrain. Such branch is authorized to carry out particular activities in Bahrain."
Contact us today for a free initial consultation so that we can help set you in the right direction in setting up your business in Bahrain.
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