Individual Establishment
We will help you with Company’s Individual Establishment in Bahrain
An Individual Establishment is a commercial entity owned by a single citizen of Bahrain and the citizens of Gulf Cooperation Council (GCC) countries (must have a residence in Bahrain) can start up a business Individual Establishment business in Bahrain. It is a non-incorporated entity and is owned by only an individual.
The Individual Establishment also known as Individual commercial registration (ICR) because the registration of the commercial establishment does not offer any accountability defense. Putting it differently, the owner is responsible for all the debts and liabilities of the business.
Looking for a First-Class Business Plan Consultant?
Why Choose SPC WLL?
We offer productive help and vital direction at each phase of your business with our ability in Bahraini neighborhood laws, guidelines, and customs. In the event that you need to know the business openings in the Kingdom of Bahrain, feel free to contact us. Our experts have experience in Setting up Business Operations in Bahrain.
We also deal with all other types of business consultation services, financial advising services, and other accounting services in Bahrain. Moreover, you can find our services separated through hourly, monthly, and yearly charges. The company assures to promote a long-term relationship and can handle all the business matters, legally so you keep on focus on goals and grow with a pace you always desire. Get in touch with us and find our services competent and cost-effective too! Our advisors are always there to help you out in business growth and other services in Bahrain!
General Documents Required For Individual Establishment in Bahrain
- Singular company enrollment application.
- Commercial name enlistment application.
- Copy of CPR Bahraini ID card for Bahraini citizens.
- Copy of identification (just for GCC citizens).
- Proof of residency in Bahrain for GCC citizens.
- Evidence that the candidate isn’t occupied with some other employment.
- If the applicant is employed, he/she ought to acquire a no-objection certificate signed and stamped by the applicant’s managing director.
- Copy of the candidate’s instructive capabilities and experience letter (as indicated by the kind of business activity).
- A proposed business address in which the enrolled business movement will work (a duplicate of a consented to office rent arrangement in the event that one exists).
Documentation requirement for starting up a business in Bahrain
- The individual age has to be at least 18 years.
- He/she must belong to Bahrain.
- He/she must be a member of Gulf Cooperation residing in Bahrain.
- He/she must own a valid passport.
- Must be free from any criminal record.
- The non-corporate body must have only one legitimate owner.
- Required an external Auditor.
- The submission of annual audited financial statements to MOICT is obligatory.
Benefits of starting up Individual Establishment in Bahrain
- Must have an outside auditor.
- Local office existence required.
- Boundless accountability company structure.
- Annual accommodation of the audited financial statements to MOICT is mandatory
Business Environment in the Kingdom of Bahrain
- English is superlatively utilized making business activities easier.
- Strong budgetary and banking sector.
- No charges on salary, capital increases, and wealth.
- Strategic area in the Middle East with Low working costs.
- Liberal and business-accommodating policies.
- Access to Bahrain’s twofold tax collection arrangements.
Looking for a First-Class Business Plan Consultant?
