Are you interested in buying a shelf company in Bahrain? This can be a good alternative to opening a company from scratch. Please explore this article and then get in touch with our local agents for support in this type of purchase.
Table of Contents
Are shelf companies available in Bahrain?
Yes.
How is a shelf company known in Bahrain?
Ready-made or vintage company.
How can I purchase a ready-made company in Bahrain?
Through a Bahraini corporate services firm such as our company.
What are the key features of a shelf company in Bahrain?
- it is pre-registered,
- it has zero activities,
- it has a clear history,
- it has no legal liabilities,
- it has no tax ID due to the special tax regime in Bahrain.
What is the optimal corporate structure for a shelf company in Bahrain?
The limited liability company known as “With Limited Liability” or W.L.L.
Does a ready-made company have a bank account in Bahrain?
No, ready-made companies do not come with an open bank account in Bahrain. The new owner will have to deal with the formalities of opening one.
Who is involved in the process of buying a shelf company in Bahrain?
The client who can be represented with a power of attorney by our agents, and the provider of shelf companies in Bahrain.
What are the documents required to buy a shelf company in Bahrain?
We will solicit your ID/passport and ask you to complete a standard form.
How is the ownership transfer of a vintage company made in Bahrain?
- a Share Transfer Agreement will be drafted,
- the Ministry of Economy and Commerce (MOICT) in Bahrain will issue the required approval before purchase.
Do I need company due diligence before purchasing a shelf company in Bahrain?
Yes, performing company due diligence is a must before buying a ready-made company in Bahrain.
Can I change the company directors after purchase? What about the business name or activities?
Once you purchase a ready-made company in Bahrain, you can change the business name, the directors, and the activities.
IMPORTANT! All company changes must be announced to the Bahrain Commercial Registration (CR).
Does a shelf company in Bahrain have debts?
No.
Do I need to travel to Bahrain to purchase a shelf company?
Not required.
Is it safe to buy a ready-made company in Bahrain?
Absolutely! There are no legal problems involved.
What are the costs involved in buying a shelf company in Bahrain?
The costs for the vintage company and for the services of our local agents who intermediate the process.
Is the notary involved in the shelf company purchase in Bahrain?
Yes, the ownership transfer is concluded at a notary public in Bahrain.
What is the time frame to purchase a shelf company in Bahrain?
A few days.
What is the difference between a shelf company and a traditional one in Bahrain?
- a ready-made company is pre-registered, and it can be used as soon as the ownership transfer is concluded.
- a traditional company can be used by passing through all the company registration formalities in Bahrain.
What are the benefits of a ready-made company in Bahrain?
- no need to deal with incorporation procedures,
- ready to be used as soon as a bank account is open,
- can receive a Commercial Registration ID/number after purchase,
- owners can sign lease contracts without waiting for incorporation formalities,
- it is a great option for startups in Bahrain.
Explore more about how to purchase a ready-made company in Bahrain by contacting our local agents.