Limited Liability
With Limited Liability
A with limited liability company is a most common and popular types of business setup in Bahrain. It allows the business holders, owners, stakeholders the full foreign ownership to most of the business setup. It is a legal business entity which comprises of two or more shareholders, partners, investors who are fully responsible for the company’s debts and liabilities.
While starting your business in Bahrain you must know that the number of shareholders in the company can range from 2 to 50 as per the Bahrain business rule of law while registering the business with the Ministry of Industry, trade and tourism.
Requirements to setup a W.L.L business
⦁ Structure of the Company
⦁ Presence required for Local office
⦁ The minimum share capital of BHD 100,00
⦁ In the process of registration 2 shareholders are required with the option to add up 50 shareholders in future
⦁ At least two directors are obligatory
⦁ The external Auditor is required
⦁ Have no criminal record
⦁ Committed to the business (candidates working in the private sector are required to provide a “No Objection” certificate issued by their current employer
⦁ Submission of Annual audited financial statement to MOICT is mandatory
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