PARTNERSHIP

Partnership Company

Partnership

A partnership company is a company without limited liability. A general partnership is an association of two or more parties trading together under a specific collective trade name for commercial purposes. The partners assume joint liability to the extent of their entire property for the partnership’s debts.
There are no provisions in the law concerning the minimum or maximum capital required of a partnership or the maximum number of partners allowed. However, the partnership should have a minimum of two partners. Other types of partnerships include Limited Partnerships and Partnership Limited by Shares.

Features

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Foreign Investment

  1. UnLimited liability
  2. Banking, insurance, and investment activities are not allowed
  3. Local operations are allowed
  4. Local of office presence is required
  5. No minimum share capital
  6. The minimum number of partners required is two
  7. The minimum number of directors required is two
  8. 100% foreign ownership is allowed

Required Documents

  • Company registration application form.
  • Draft memorandum & articles of association.
  • External entities pre-approval (depending on the activity).
  • Financial Auditor’s report or evolution letter for in-kind capital (if any).
  • CPR copy for Bahraini partners and expatriates, passport and visa pages copies for non-Bahrainis.
  • Original, stamped & signed no objection letter from the current employer for Bahrainis employed in the private sector (signed by the owner of the Establishment or from the company’s authorized signatory).
  • An original bank reference and CV for non-GCC nationals.
  • Original educational qualifications and experience letter (depending on the activity).
  • Copy of commercial registration certificate.
  • Copy of memorandum or Article of association and its amendments (if any) for foreign companies.
  • Latest audited financial report if the company is at least one year old.
  • Board of directors or general assembly resolution to be a shareholder in the company

All documents concerning foreign companies have to be authenticated from one of the options below:

  • The authorized party, the Ministry of Foreign affairs and the Embassy of Bahrain at the country of origin (or)
  • The authorized party, the Embassy of the concerned country in the kingdom of Bahrain, and the Bahraini Ministry of Foreign Affairs.

Our Company Formation Process

  • STEP 1

    INITIAL MEETING

  • STEP 2

    PROPOSAL

  • STEP 3

    CONTRACT

  • STEP 4

    DOCUMENTATION

  • STEP 5

    STUDY/RESEARCH 

  • STEP 6

    APPLICATION OF CR

  • STEP 7

    COMPLETION OF CR

  • STEP 8

    MOA/AOA 

  • STEP 9

    CAPITAL

  • STEP 10

      COMPLETION OF LICENSE 

Benefits of Outsourcing your clearing works to

Arabian Document Clearance

We guarantee a considerable reduction in the cost of your Document Processing and Clearing
Enabling you to devote more time to your core wealth creation activities. Usually, it takes 3 to 14 working days to register a company with MOICT in Bahrain But sometimes it might take more time if some approvals are needed for some specific business activates.
One point of contact for all services
Our computerized client database system stores all essential information including all renewal dates for your licenses, visas, registrations. We act for you on time and avoid you incurring any penalties.
All your document processing is hassle-free because we pick up and deliver the document to your office after clearing from Government Departments of Immigration, Labour, Economic, and Municipalities.
With us, you are always up to date with all latest Government initiatives, rules, and regulations.
As a part of an international conglomerate we always have considerable resources at our disposal. We are able to match resources required to maintain the quality of service you expect even when your business is growing at supersonic pace.
Guaranteed
You get detailed breakdown and receipts of all Government charges and expenses


Need Advice?
Call us for free consultation: 38805822

Our Partnership Company Formation Service starts at:

BHD300.000

 

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 Foreign Investor? want a 100% ownership?

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