Bahrain is a Muslim island state located in the Persian Gulf. This is a very developed country in many areas in comparison with the states of the Middle East. The high level of GDP growth is provided by the extraction of oil, gas and pearls, as a result of which the rest of the commercial activity in the country is not limited by any obstacles to growth. Specialists of the consulting company Positive Invest will help to register a company in Bahrain.
Opening a company in Bahrain: the basics
A distinctive feature of the legislation of the Arab kingdom is the absolute absence of tax collections on the profits of a legal entity. Due to the fact that part of the income does not have to be given to the state treasury, business development in Bahrain is taking place at a rapid pace.
A foreigner can register a company in Bahrain under the same conditions as for residents. There are no restrictions on activities, except that non-residents are prohibited from engaging in banking activities. It is also worth noting that despite the fact that business in Bahrain is not subject to taxes (including VAT), oil companies are required to pay almost half of their income to the local treasury.
Due to the high standard of living, satisfactory earnings of local citizens and a developed social sphere, opening a company in Bahrain will be beneficial for entrepreneurs, regardless of the scope of business.
The operation of a company in Bahrain is governed by the Commercial Companies Law and its provisions.
Offshore in Bahrain. Opening conditions
The jurisdiction provides for the possibility of opening an offshore foreign company. Offshore in Bahrain is characterized by a good level of development of the banking sector and favorable tariff rates.
Assistance in opening a company in Bahrain
Despite the relatively loyal legislation for non-residents, it is quite difficult to open a company in Bahrain on their own. This is due to the need to have information about local legislation, the conditions for registration and doing business, as well as obtaining various kinds of permits. The specialists of the consulting company Positive Invest are ready to undertake the obligations of opening and supporting the company. Our services include:
- Business registration;
- Payment of fees and charges;Payment of fees and charges;
- Legal service;
- Services of the secretary, agent;
- Conducting audits, providing annual reports;
- Registration of offshore companies;
- Rated service;
- Opening bank accounts.
and others.
To learn more about the ways of registering a business in Bahrain, you need to call the indicated phone numbers or leave a request in a special contact form.