The Bahrain commercial system is one of the most advanced and easy-to-use systems in the world. The world is moving digital. Thus, it provides a digital service for all the business transactions done by the company. Therefore, getting this certificate is not such a difficult task. They have made the process easy for everyone to access. You can also pay traffic fines Bahrain through digital platforms.
If you want to set up a business in Bahrain, having the CR certificate must be included in your checklist. People often think of certificates as a burden. They think of something which will take too much time to process. However, this is not true when it comes to Bahrain and its policies. The certificates are very easy to get and the process is too simple.
The Commercial Registration Office in Bahrain:
If you are an investor and are looking to transfer your business to Bahrain or want invest in Bahrain. It is required to have a certificate issued by the Commercial registration office. This is the green signal for your business, allowing you to start making money in the Kingdom of Bahrain. However, there are some requirements and processes that you need to follow.
In order to acquire this certificate, you have to set up your company with the Ministry of Industry, commerce, and tourism. After you have successfully done that, it's time to start piling up the information and documents. This article will help you in identifying both of them.
Furthermore, make sure that you are 18 or more if you want to apply for the certificate.
The certificate will be having all the information related to the list below:
In addition, don't forget to check updates regarding the information.
Moreover, if required, you need to submit the name, nationality, address, and passport number of the legal representative of the business.
Various types of CR for a New Company:
To accommodate the business owners. Bahrain has come up with different types of certifications. Mainly, the certificate has three types when it comes to forming a business in Bahrain. You can get any of the following:
The without license CR certificate.
If you apply for a license before getting a permit. Then, you will be awarded without the license certificate.
The with license CR certificate.
After you have successfully obtained the permit. Now you can easily get the certificate with a license.
The Virtual CR
As the name suggests, this certificate is for all those who believe in a digital world. Another name for this is “SIJILAT”. This provides business opportunities to small businesses and fresh entrepreneurs.
The SIJILAT Portal:
Today, we will be discussing the portal for upcoming entrepreneurs to help them achieve success and growth in terms of business. As the world is moving towards digital. It is very important to be able to obtain this certificate from the comfort of your chair. Furthermore, you can apply and even get the certificate online by applying through the portal.
The portal is not only limited to applying for certificates. Rather it can make your life easy in many other forms as well. Some of them are as below:
If you want to renew the CR after its expiry. You can easily go to the portal and apply for it.
If you are thinking of expanding your business activities. You can simply go to the portal and do so.
Your business has been flourishing and you want to add branches to it. Simply go to this portal and take steps to add branches.
In order to transfer ownership, you don’t have to wait in lines and waste your time. Simply, go to the portal and after some clicks, you will be successful in transferring ownership.
The need to change the commercial address has come up for your business. Don’t worry by logging onto your portal. You can do so.
In addition, don't forget to check for new updates and accesses to the service.
Why was SILJAT formed:
Keeping in the mind the digital needs of today. It was a great step to introduce a portal like SILJAT. The Ordinary Bahrain is now the new and better E-Bahrain. Below are some objectives which were kept in mind, while introducing this service.
In the world of technology, it was introduced to make registration and licensing easy and accessible for everyone. The electronic platform makes life easier for business owners.
Moreover, it simplifies the procedures for international business owners. No matter where you are from, you can take benefit from this service.
The approvals of the license have never been this easy, with the help of an electronic system. In addition, this has reduced the complexity of the issue and made it easier for everyone.
Having a digital and electronic portal has helped Bahrain move rank up in the business community. The goal is to be on par with Bahrain Economic Vision 2030. Thus, the country has been moving towards online certification.
The Bahrain Economic Vision 2030 has been the base for many advancements in the business sector. The goal is to provide a better business environment to the next generation. Moreover, anything that is online can help us reduce our carbon footprint. Money is no good if the environment is not sustainable.
Finishing it Up:
By now you must have known the value of owning a CR certificate. And how important it is to your business.
Moreover, by making everything online. The e government Bahrain has made sure that it is accessible to everyone. It offers a wide number of advantages that you can use for your betterment. In addition, it is very important to re-check all the requirements every once in a while. As the policies update, they change the terms and conditions. It must be of high priority to have an update on things.