S.P.C. companies will no longer exist, ‘not for profit’ companies introduced.

Further changes have come to light with the amendments to the Bahrain Commercial Companies Law promulgated through Legislative Decree No (28) of 2020. Along with the change of S.P.C companies to W.L.L, there is an introduction of ‘not for profit’ companies, reporting changes and specific corporate governance changes. Other amendments cover mergers and acquisitions and […]

Bank ABC to go ahead with its annual MEA Fintech Forum on November 24 and 25.

The event, under patronage of the Central Bank of Bahrain, will be held on an interactive, state-of-the-art virtual event platform. The forum’s agenda will include discussions around post-pandemic recovery, cashless payments and sustainability, and enhancing operational efficincies via technologies such as artificial intelligence. Economic recovery, regulation in the digital age, cyber security and the e-commerce […]

New company law to affect all Single Person Companies (S.P.C).

The Kingdom of Bahrain has introduced a new Legislative Decree No. 28 of 2020 for amending certain provisions of the Commercial Companies Law promulgated by Legislative Decree No. 21 of 2001. As per these new amendments, S.P.C’s (Single Person Company) are no longer recognized as legal structures in Bahrain.  Accordingly, all S.P.C companies will be […]

5G is now widely available across all four governates in Bahrain.

Batelco is the first operator to have successfully activated 5G coverage across Bahrain. This comes after Batelco signed a partnership with Ericsson in 2019 to build a national 5G mobile network. The main advantages of 5G are greater speed, lower latency and higher capacity greatly improving video streaming, gaming and other internet-based technologies. To read […]

Global waste water treatment technology company

A global company specialising in wastewater treatment approached PRIME in 2013 seeking an easier way to keep their company up to date with their corporate governance obligations with the Ministry of Industry, Commerce and Tourism (MOIC). They had been operating in Bahrain since 2011 after winning a major contract to upgrade the local wastewater treatment […]

COVID-19 entry procedures into Bahrain via the Saudi Causeway announced.

Specific entry procedures into Bahrain have been announced for those arriving from Saudi Arabia via the King Fahd Causeway which was partly reopened in late July. The procedures include PCR testing, downloading the ‘BeAware Bahrain’ app and self-isolation rules. To read more click here.