A single Bahrain citizen or citizens of the Gulf Cooperation Council ( GCC) countries can register Individual Establishment in the Kingdom of Bahrain. The individual/ owner is liable for all the debts and liabilities incurred by the business to the extent of his/her assets. Setting up an Individual Establishment in Bahrain comes with many advantages like Unlimited liability company structure, No taxes on income, capital gains, and wealth, Liberal and business-friendly policies, Excellent connectivity to Saudi Arabia and other GCC countries, etc.
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Qualifications for Setting up an Individual Establishment in Bahrain
Must be a citizen of Bahrain
18 years or above age
Must be a citizen of GCC member country residing in Bahrain
Possess a valid passport
Annual submission of the audited financial statements to MOICT is compulsory
The non-corporate entity must be must have only one legal owner
Must have an external auditor
Have no criminal record
Requirements for setting up an Individual Establishment in Bahrain
Singular company enrollment application
Commercial name enlistment application
Copy of CPR Bahrain ID card for Bahraini citizens
Copy of identification and proof of residency in Bahrain for GCC citizens
Evidence that the candidate isn’t settled in other employment.
If the applicant is employed, he/she ought to acquire a no-objection certificate signed and stamped by the applicant’s employer
Copy of the candidate’s instructive capabilities and experience letter
