Bahrain LLC

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.