Bahrain LLC

Bahrain has zero corporate tax, except for companies engaged in the oil industry. There are virtually no other taxes on companies. Forming a company in Bahrain is expensive and can take upwards of two to three weeks, but is nonetheless the best alternative to the United Arab Emirates (UAE) in the region. Bahrain LLC is a widely used type of company in Bahrain. If a company participates in manufacturing or services market segment, it may be fully owned by foreign persons. However, the government permission must be obtained, as otherwise foreign ownership may constitute only 49% of a company’s shares.

Features

Bahrain LLC

Corporate Details

General

  • Type of Entity

Limited Life Company (LLC)

  • Type of Law

English Common Law

  • Registered Office in Bahrain

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

6 Weeks

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US Dollar

  • Permitted currencies

Any

  • Minimum paid-up

USD 2,660

  • Bearer shares allowed

Yes

Directors

  • Minimum number

1

  • Local required

Yes

  • Publicly accessible records

Yes

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

Yes

  • Corporate members allowed

Yes

Company Secretary

  • Required

Yes

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages

  1. 100% foreign ownership permitted
  2. 0% corporate tax
  3. 0% income tax for individuals
  4. 100% repatriation of capital and profits permitted
  5. Modern efficient communications and infrastructure
  6. Abundant and inexpensive energy
  7. Excellent support services from local authorities
  8. Foreigners are permitted to hold freehold property
  9. Geographical location is ideal for cross-border business

 

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.