Telephone Numbers
Telephone Numbers
Get Professional Support in Bahrain
For detailed information +90 542 381 3868 'Call.
The cost of company formation in Bahrain may require an average start-up cost of $5,000 - $20,000 USD. However, these costs may increase or decrease depending on your industry, company type and field of activity. However, these costs may increase or decrease depending on your sector, company type and field of activity. If you would like to know the cost of company formation in a specific sector in more detail, you can get a free consultation from the World Company Setup team to get more information also by sector.
Setting up a company in Bahrain, as one of the most dynamic economic centers in the Middle East, offers attractive opportunities for investors and entrepreneurs. The flexibility, strategic location and financial infrastructure provided in the Bahraini business community. Bahrain is also one of the few countries that does not impose income tax. This means no tax is levied on individual incomes, providing an additional advantage for entrepreneurs.
Free zones in Bahrain allow foreign investors 100% ownership. Companies in free zones often enjoy advantages such as lower set-up costs, tax exemptions and fewer bureaucratic hurdles. Businesses operating in these zones are particularly ideal for those looking to trade internationally. Furthermore, Bahrain's location offers a significant advantage in terms of regional trade as it is close to the Middle East, North Africa (MENA) region and Asian markets.
Particularly with its low tax rates, business-friendly regulations and strategic location, Bahrain provides an advantageous environment for setting up and operating companies. There are opportunities for both local and foreign investors to establish companies that can operate in various sectors.
Bahrain is a country known for its low tax rates. There are tax advantages that make it attractive to set up a company and invest.
Bahrain is a countrythat does not impose corporate income tax. This provides a great advantage in the business world. However, special tax regulations may apply to companies operating in the oil and gas sectors. Companies operating in the oil and gas sectors are taxed between 46% and 50%. Bahrain is a VAT-imposing country. The VAT rate exceeds10%.
Bahrain does not impose individual income tax.
Bahrain offers an attractive tax regime for foreign investors. Foreign companies enjoy 100% foreign ownership of free zones in Bahrain and generally benefit from tax exemptions.
Companies established in free zones can benefit from tax exemptions and low operating costs, usually for 10 years.
Toopen a bank account in Bahrain, World Company Setup team provides professional execution service. Bahrain is a developed country in terms of financial sector and many international banks have opened branches here. You can open a bank account in Bahrain by setting up a company or opening a personal account. There are many local and international banks in Bahrain. These include major banks such as National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK), Al Baraka Banking Group, HSBC Bahrain, Standard Chartered and CitiBank. Once your application is approved, your bank account will be activated. Depending on the type of account (personal, commercial, foreign exchange, investment, etc.) a certain minimum deposit or transaction fee may be required.
No Corporate Tax: Bahrain generally does not charge corporate taxes. This is a great advantage, especially for foreign investors. Only some specific sectors are taxed, such as the oil and gas sector.
Low VAT Rate: Bahrain's VAT rate is quite low at 10%.
No Income Tax: Bahrain is one of the few countries that does not impose individual income tax.
Free Zones: Free zones in Bahrain offer foreign investors 100% ownership rights and various tax advantages.
Strategic Location: Access to the Middle East and North Africa (MENA) Region: Bahrain provides easy access to markets in the Middle East and North Africa (MENA) region.
Financial Infrastructure and Banking: Bahrain has international banks and a strong financial infrastructure. Many global banks and financial institutions operate in Bahrain.
Financial Liberalization: Bahrain promotes free trade in financial services and provides a favorable environment for foreign investors to invest easily.
A residence permit is not required toopen a bank account in Bahrain . Foreign nationals can open a bank account with a valid passport and proof of address. However, those wishing to open a business account may need to provide documents such as company documents and, in some cases, a foreign investor identification number . If you have established a company or will be operating in Bahrain for an extended period of time, obtaining a residence permit may facilitate your application, but it is not a primary requirement.
Establishing the Company in Bahrain; Establishing the Company in Bahrain
In order to get a residence permit in Bahrain, you must first obtain a valid work permit. A work permit can be obtained through a company in Bahrain and is required for foreign nationals who want to come to Bahrain as employees. The work permit application is usually made through company sponsorship. Your company applies for the work permit on your behalf.
The following documents are required to obtain a work permit in Bahrain: A valid passport and photograph. A job offer or contract for the employee. A health report (for foreign employees). A police report (in some cases). Your company must apply to the relevant ministry.
The cost of starting a business in Bahrain varies depending on the industry and type of company you choose. A free zone company is generally less expensive to set up and can cost around $5,000 to $20,000 to start up. Limited companies can cost a bit more as they may require a local sponsor and additional costs such as office space.
Getting permanent residency in Bahrain can be an attractive option, but the process will vary depending on your personal circumstances and how well you meet the application requirements. For more information, you can contact an immigration professional or the relevant Bahrain government authorities. Permanent Residency Requirements Long-term Work and Residence: Foreigners who have worked and lived in Bahrain for a long time can gain flexibility in their residency status if they meet certain conditions. Golden Residency Program: Bahrain launched a program called the Golden Residency Visa in 2022 to attract investors and qualified individuals. This program was developed to provide permanent residency and is aimed at the following groups: Large investors and business people. Qualified professionals and experts. Individuals who have stayed in Bahrain for a long time (for example, those who have been legally resident for more than 10 years). Real estate investors (with a certain minimum investment amount).
The largest banks in Bahrain include local and international banks. These include: National Bank of Bahrain (NBB) Bahrain and Kuwait Bank (BBK) HSBC Bahrain Standard Charter Citibank Al Baraka Banking Group
There are several different types of companies that you can set up in Bahrain. The most common ones are: Limited Liability Company (WLL): A popular option for local or foreign investors. Free Zone Company: Offers 100% foreign ownership in free zones, lower operating costs, and tax advantages. Sole Proprietorship: A company established and operated by a single person. Foreign Investor Company: A company operated in partnership with a local partner in Bahrain.
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