Reservation of a company name
Set of constituent documents
Legal address for 1 year
Seal of the company
Opening of a bank account
Virtual office and secretarial functions
|Total cost||25300 EUR||27300 EUR||30300 EUR||31200 EUR|
|Cost of annual service||4500 EUR||4500 EUR||7500 EUR||8400 EUR|
|Accounting services||600 EUR||600 EUR||600 EUR||600 EUR|
|Choose your service |
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Bahrain is offshore, attractive for foreign investors since it has no direct taxation. If a corporation is established in this state, neither its profit nor turnover will be taxed. To carry out business activities, it is most convenient to select the organizational and legal form of the company in the form of a limited liability company - WLL Company (With Limited Liability).
The main legislative act regulating corporate legal relations is the Law on Commercial Companies of 2001. Foreign legislation is quite loyal to foreign entrepreneurs. However, a normative requirement has been established, providing that a foreigner must necessarily have a resident co-founder. The latter usually deals with the actual management of the company, while its foreign partner ensures the financing of the case.
The opening of the company in Bahrain is a detailed procedure, consisting of consecutive stages.
There are several main stages:
In general, the whole process corresponds to the generally accepted world practice, therefore foreign investors usually do not face serious difficulties. However, it is necessary to take into account a presence of certain local features of the corporate legislation.
The second feature - only one person may be the founder of the company, but it will require an involvement of a manager from local residents. The formal appointment of a "silent partner" is also practiced to ensure compliance with the requirements of the Law.
The registration of a company in Bahrain requires a mandatory determination of the authorized capital amount, a clear indication of the terms and procedure for its payment. For WLL corporations, this amount is relatively small - the legislative minimum is 20,000 dinars, which is equivalent to just over 5,000 US dollars.
The timing of registration activities depends on the characteristics of each individual organization. On the average, the full procedure for LLC creation takes about 12 weeks, taking into account the need for bureaucratic procedures.
"Prifinance" company will help to open a company in Bahrain in a qualified and reasonable time. We offer our customers: