Amends conditions of foreign ownership
18 Oct 2024
On 17 October 2024, Bahrain amended conditions for foreign ownership, effective 18 October 2024. Decision Number 53 of 2024 introduced new conditions for companies wholly or partially owned by non-Bahraini partners to engage in the activity of authorized distributor. Key changes include:
- Foreign companies can now sell certain goods in Bahrain without needing a local partner and can now fully own their business if they operate in at least ten countries or earn more than €750 million in yearly income. Companies handling valuable goods will still need special government approval.
- The decision also requires at least 51 per cent Bahraini ownership for companies engaged as authorized distributors if they have foreign partners;
- Finally, the minimum capital for a Bahraini-based company under foreign ownership has been reduced from BD2 million (~€5 million) to BD100,000 (~€240'000).
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Wholesale and retail trade)
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Services (Wholesale and retail trade)
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Sources:
