There are many important things every investor should know in their quest to starting a small business in Bahrain. While it is easy to ignore some of them, this decision could prove costly in the long run. And that’s something every esteemed business owner doesn’t want to make do with.
For this reason, it always pays off to acquaint you with what it takes to run a successful business in Bahrain before deciding on anything. In this blog post, we examine some of the essential things you need to be an informed decision maker when choosing a new jurisdiction for business.
Business Environment
By now you should be aware of the fact that Bahrain is a small island country located in the Arabian Gulf with Qatar to the South East and Saudi Arabia to the West. It doesn’t end with that since this country boasts great business opportunities considering it is a major financial center and business hub in the Middle East.
Not to mention the sheer fact that Bahrain is a very globally-oriented country, making it the most welcoming nation in the region to do business for foreign investors and workers alike. That’s why it continues gaining immense popularity among business owners and investors alike.
Company Registration in Bahrain
It is also essential that you have a better understand of the company registration details before starting a small business in Bahrain. As a quick reminder, the most common type of business entity is a limited liability company (LLC) also known as WLL. An LLC requires at least two directors and two shareholders.
While there is no set requirement on the nationality of the directors and shareholders, it is a must that you appoint at least one manager, who ordinarily resides in Bahrain. Skimp on this, and you might have a difficult time in your quest of starting a small business in Bahrain.
There is a lot more you should know before starting a small business in Bahrain. If you have an exciting business venture and wish to establish its presence in Bahrain, never hesitate to enlist help from consultants.
