With Limited Liability Company (WLL)

Procedure 1: Obtain lease agreement to prove location

Time to complete:

1 day.

Cost to complete:

No charge.

Comment:

The lease agreement is required to obtain preliminary approval from the Municipality. If the entrepreneur decides to use the services of an attorney, it is common practice for the entrepreneur to use the address of the law firm until a lease is obtained within 3 months.

Procedure 2: Draft standard Memorandum of Association and obtain preliminary approval from the Ministry of Commerce at the Bahrain Investment Centre's one-stop shop

Time to complete:

1 day

Cost to complete:

No charge.

Name of Agency:

Comment:

The entrepreneur obtains preliminary approval from the Ministry of Commerce by presenting the required documents to the Bahrain Investment Centre (BIC)'s one-stop-shop. the required documents are:

Draft Memorandum of Association;
Board resolution;
CPR copies of the company representative;
CVs of partners;
Lease agreement.

Procedure 3: Obtain approval from the Municipality

Time to complete:

2-3 days.

Cost to complete:

No charge.

Comment:

The location of the company must be approved by the Municipality, which has a representative at the BIC’s one-stop shop.

Procedure 4: Notarise Memorandum of Association

Time to complete:

1 day.

Cost to complete:

BD35.

Comment:

Once the registration approval has been obtained from the Ministry of Commerce, the Memorandum of Association has to be notarised by the notary public. A notary is available at the Ministry of Justice’s booth at the BIC one-stop shop.

Procedure 5: Open an account at the bank and obtain proof of deposit of capital

Time to complete:

1 day.

Cost to complete:

No charge.

Comment:

The capital has to be deposited in an account at a commercial bank and a proof of deposit has to be obtained. Two commercial bank branches are available at the BIC one-stop-shop.

Procedure 6: Obtain Certificate of Registration from Ministry of Commerce

Time to complete:

1 day.

Cost to complete:

BD20.

Comment:

When the approval from the municipality is obtained, the MoA is notarised and the capital is deposited into the bank, the entrepreneur returns to the Ministry of Commerce to obtain the Certificate of Registration (CR).

Procedure 7: Register the company and employees with the General Organisation for Social Insurance (GOSI)

Time to complete:

1 day.

Cost to complete:

No charge.

Comment:

The documents required for registration are:

copy of employer’s CPR;
copy of the CR;
copy of company contract.