Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Bahrain
Company incorporation, bank accounts, accounting services in Bahrain
Registration packages
Services
Essential
Standard
Premium
Company registration (WLL)
Notary services and company seal
Investor visa
Corporate bank account
Accounting services
Start your company in Bahrain
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How you can register a company in Bahrain with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Bahrain
The Kingdom of Bahrain is an island country that is located in Western Asia and has a territory of 768.5 square kilometers. Its territory comprises a small archipelago made up of 50 natural islands and an additional 33 artificial islands which are centered on Bahrain Island. Bahrain borders Qatar and Saudi Arabia to which it is connected by the King Fahd Causeway. Bahrain has access to the Persian Gulf. The capital city of Bahrain is Manama, the largest city and the location of key government institutions.
Bahrain has a population of 1,47 million people.
Bahrain has a population of 1,47 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 0%, unless the business of the company is related to the oil and gas industry - for these businesses the tax rate is 46%. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - 0%
- Interest withholding tax - 0%
- Royalties withholding tax - 0%
- Capital gains tax - 0%
- VAT - Standard tax rate 10% or the reduced rate 0% or tax exempt. Tax returns are filed on a monthly or a quarterly basis
- Personal income tax - 0%.
The following are the most common types of companies to incorporate a company in Bahrain as:
- Company with a Limited Liability (WLL)
- Joint Stock Company (JSC)
- General Partnership
- Limited Partnership
- Single person company
- Branch office.
- Individuals or legal entities that are intending to register a company in Bahrain can be resident or non-resident in Bahrain. Based on the business scope of the company a resident shareholder must own a prescribed number of shares.
- A resident or a non-resident individual can be a company director in Bahrain. It is not required to set up a company in Bahrain with a resident individual as one of its shareholders or directors.
- At least 2 shareholders are required in order to register a company in Bahrain if such company is incorporated as a WLL (a company with a limited liability). An individual shareholder can simultaneously become a director of this company.
- It is required to create substance and rent an office space in Bahrain in order to establish a company in Bahrain and to conduct business in the country.
- No minimum share capital is established to start a company in Bahrain as a WLL (a limited liability company). But it is recommended to contribute at least BHD 5,000 to the share capital of a WLL company.
- WLL registration takes 20 business days with the bank account taking up to 10 business days.
- Details of company founders, shareholders and directors after company registration in Bahrain is complete is publicly available in the state corporate register.
- It is required for all shareholders and directors of a new company to travel to Manama twice in order to register it and to open a corporate bank account.
Official currency of Bahrain is Bahraini dinar (BHD).
Bahrain has an open high income economy that is heavily dependent on the oil and gas industry. The country is home to large financial structures and a large financial center in the Middle East. Petroleum is Bahrain's most exported product with aluminium being the second most exported product, followed by finance and construction materials. Over the years Bahrain's economy has expanded into banking, heavy industries, retail and tourism.
The GDP of Bahrain grew by 2.7% in 2021 and amounted to USD 39.3 billion. Tertiary sector makes up almost 39% of the GDP of the country, followed by industry sector at 60%, agriculture at 0.5%.
In terms of foreign trade the largest exports of the country are petroleum, unwrought aliminium and aluminium wire, iron ores, transport vehicles, building structures, ferrous products, gold, mineral and chemical fertilisers.
Imports of Bahrain consist of oil, artificial corundum, electrical machinery, laboratory equipment, medicaments, cars and vehicles, consumer goods.
Primary trading partners of Bahrain are Saudi Arabia, United Arab Emirates, Qatar, Oman, Egypt, Kuwait, Malaysia, India, USA, Netherlands, Switzerland, Germany, China, Australia, Japan and Brazil.
Bahrain has an open high income economy that is heavily dependent on the oil and gas industry. The country is home to large financial structures and a large financial center in the Middle East. Petroleum is Bahrain's most exported product with aluminium being the second most exported product, followed by finance and construction materials. Over the years Bahrain's economy has expanded into banking, heavy industries, retail and tourism.
The GDP of Bahrain grew by 2.7% in 2021 and amounted to USD 39.3 billion. Tertiary sector makes up almost 39% of the GDP of the country, followed by industry sector at 60%, agriculture at 0.5%.
In terms of foreign trade the largest exports of the country are petroleum, unwrought aliminium and aluminium wire, iron ores, transport vehicles, building structures, ferrous products, gold, mineral and chemical fertilisers.
Imports of Bahrain consist of oil, artificial corundum, electrical machinery, laboratory equipment, medicaments, cars and vehicles, consumer goods.
Primary trading partners of Bahrain are Saudi Arabia, United Arab Emirates, Qatar, Oman, Egypt, Kuwait, Malaysia, India, USA, Netherlands, Switzerland, Germany, China, Australia, Japan and Brazil.
Foreign entrepreneurs expand to Bahrain and seek to incorporate a company in Bahrain in order to conduct business in the following sectors:
- financial services
- manufacturing
- wholesale and retail trade
- ICT
- logistics
- toursim.
Benefits of registering a company in Bahrain
Business climate
- Access to major markets of Gulf Cooperation Council states
- Access to the Persian Gulf allows to establish maritime trade
- Highly qualified workforce
- A well-developed infrastructure with excellent transport and communication facilities
- Low inflation rate
- Political stability
- Economic and finanical stability
- Secure and flexible legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax incentives
- No corporate income tax is levied on corporate income or capital gains unless the business of the company is related to the oil and gas industry
- No withholding taxation
- No personal income tax
- Double tax treaties with several jurisdictions
Ease of doing business
- No foreign exchange controls
Register your company in Bahrain
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