An individual establishment is a private enterprise operated by a single legal owner. Only Bahraini residents and nationals of the Gulf Cooperation Council ( GCC) nations (must reside in Bahrain) can enroll in an individual establishment in the Kingdom of Bahrain. The independent establishment is a non-incorporated company that is controlled by a single independent only.
The individual establishment is also known as the Individual Company Registration (ICR) as the commercial establishment’s approval does not allow for any defense of liability. In other terms, the company is responsible for all obligations and losses accrued by the corporation to the value of its properties.
(Note: The Gulf Cooperation Council (GCC) nations only apply to and include the Kingdom of Bahrain, the Sultanate of Saudi Arabia, the UAE, the State of Kuwait, the Sultanate of Oman, and the State of Qatar.)
Back to topRequirements for Establishing an Individual Establishment in Bahrain
- The annual submission of the audited financial statements to MOICT is mandatory.
- Must be a resident of GCC member nation residing in Bahrain
- The non-corporate firm must have only one legal holder.
- Must be a resident of the Kingdom of Bahrain.
- Must have an independent auditor.
- Have no criminal history.
- Age of at least 18 years.
- Possess a valid visa.
Benefits of Establishing an Individual Establishment in Bahrain
- Local branch existence is required.
- Must have an independent auditor.
- Unlimited liability corporate framework.
- The annual submission of the audited financial statements to MOICT is mandatory.
Business Environment in the Kingdom of Bahrain
- Strategic position in the Middle East and low maintenance costs.
- English is primarily used to make company processes smoother.
- Excellent access to Saudi Arabia and other CCG countries.
- No payroll taxes, capital gains, and inheritance taxes.
- Liberal and entrepreneurship-friendly strategies.
- Access to the dual taxation treaties of Bahrain.
- Stable financial and banking industries.
Documents required to Establish an Individual Establishment in Bahrain
General Documents -
- Copy of passport (only for GCC residents).
- Individual business registration application.
- Commercial name authorization application.
- Proof of residency in Bahrain for GCC residents.
- Copy of CPR Bahrain ID card for Bahrain residents.
- Evidence that the applicant is not involved in any other employment.
- Copy of the client’s educational qualifications and experience letter (depending on the level of company activity).
- If the applicant is employed, he/she should issue a no-objection certificate signed and dated by the client’s employer/ managing director.
- Proposed commercial address at which the licensed trading operation will operate (copy of the signed office lease agreement if one exists)
Who Are We?
We at Commitbiz can also offer constructive assistance and strategic advice at every stage of your company with our experience in Bahraini local rules, legislations, and customs. If you want to know the business growth potential in the Kingdom of Bahrain, please contact us. We are a group of experts experienced in company formation in Bahrain.
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