04-Aug-2022 NEW COMPANY REGISTRATION IN BAHRAIN –

company-incorporation bahrain bahrain law incorporation of entities in bahrain

POST FORMATION MODALITIES These are implemented post formation modalities:-

POST FORMATION MODALITIES:-

 

These are implemented post-formation modalities:-

 

  1. 1. Labour Market Regulatory Authority (LMRA)visa for owner/employee : 

 

The employers can request work permits in case of changing ownership of the CR(Commercial Registration). We can apply for Work Permits Ceiling Increase Request through the Expatriate Management System and if you have more evidence you can submit the same physically at the LMRA along with Workload alert form.

 

  1. 2. LMRA visit and requirement :-

 

In the said process for new establishment registration at LMRA the employers are required to submit their request for issuing work permits in two modes:
a. Online Mode

b. Offline Mode- Connect us at [email protected]

 

  1. 3. Equivalency for qualification:-
  2.  

Accurate knowledge and legal framework of the region. You should consult a local business consultant right from the very beginning. An experienced consultant will direct you through company incorporation formalities and help you achieve your corporate goals, whether you decide to create a start-up or a relatively larger business. – Consult us

     

  1. 4. Change of address:-
  2.  

Requisite documents must be submitted online with the department for the said process of change of commercial address from one place to another, it is indeed a hassle-free experience.

 

  1. 5.Transfer of office address from business center to a proper office address:-
  2.  

The said process can be completed online virtually by applying for an amendment of the CR. The said application shall be submitted on the online portal with requisite documents for the shifting of office address from the business center to a proper office address

 

  1. 6.VAT registration:-
  2.  

Any individual or entity involved in generating income and having annual supplies exceeding BHD 37,500 are required to register under Value Added Tax (VAT).

The National Bureau for Revenue (NBR) , is the government entity responsible for implementing and collecting VAT in Bahrain. 

 

A standard rate of 10% Value Added Tax (VAT) has been applied in the Kingdom of Bahrain with effect from 1st January 2022. Click here to know more about the amendment in Bahrain's VAT rate.

 

Our experts take care of all the rules and procedures of banking, visa, legal, and licensing and allow you to go through the process of establishing your business without thinking about legal formalities. If you're looking to start a business in Bahrain, even if it's just for a piece of friendly advice, you can write to us at [email protected] and [email protected] and take your business to the next level.

 

#Ready to dive in? connect us now.