MANAMA: His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, issued edict 40 of 2021 specifying the commercial activities that companies with foreign capital may be licensed in Bahrain.

Companies that are wholly or partly owned by non-Bahraini partners are allowed to practise the commercial activities specified in Tables Nos. (2), (3), (4) and (5) attached to the resolution in accordance with the mentioned ratios and requirements.

The legal form of the company that carries out the commercial activities listed in Table No. (3) must be either a Bahraini joint stock company or a limited liability company.

Companies with foreign capital are allowed to own 100 per cent in the activity of extracting crude oil and natural gas within Bahrain, which is mentioned in item (4) of Schedule No. (5) attached to the decision, provided that the foreign parent company has signed or is in the final stages To sign an oil and natural gas exploration and production agreement with the government.

Companies that are wholly or partly owned by non-Bahraini partners are allowed to engage in the activity of selling via the Internet mentioned in item (106) of Schedule No. (3) attached to the decision, provided that the invested capital of the company in Bahrain is not less than BD50,000 in the first year.

It is permitted to license the establishment of companies that are 100pc owned by non-Bahraini partners to carry out the commercial activities specified in Table No. (4) attached to the resolution, in accordance with the following conditions:

The company must be present in at least three international markets.

The capital of the parent company shall not be less than BD20 million or its equivalent in foreign currencies.

The capital of the parent company shall not be less than BD20m or its equivalent in foreign currencies.

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