Service Directory

Transfer of ownership – shelf company (commercial company)

This service allows the transfer of ownership of a “shelf” company (an inactive company) to an active commercial company, in accordance with official procedures and legal regulations.

Required Attachments

A no-objection letter to the working partners, managers and authorized signatories
A decision from the partner if they are a legal person
A draft of the company’s memorandum of association / articles of association / declaration of incorporation
Certificate issued by the bank with the company’s capital (if the company’s capital is in cash)
If the partner is a foreign company, the following must be provided: a decision from the company to either establish a new company or to enter as a partner in establishing a new company, a copy of the company’s Commercial Registration, a copy of the company’s memorandum of association and any other amendments thereto. All these documents must be certified.
Documents of the capital in kind if the company’s capital is in kind
Note: If the partner is a Bahraini company, a decision must be provided by the company to either establish a new company or to enter as a partner in establishing a new company
LLC/Joint Liability Company: partners’ meeting minutes. Closed or public joint stock company: board resolution
Power of attorney or an authorization depending on the type of applicant, if the application is not submitted by one of the partners
Note: In this transaction, if the applicant is a manager or an authorized signatory who is not a partner, a power of attorney must be provided for them to submit the application

If the company to be incorporated is a branch of a foreign company, the following must be provided:

A certified decision from the parent company to open a branch in the Kingdom of Bahrain
A certified copy of the company’s Commercial Registration
A certified copy of the company’s memorandum of association and any other amendments thereto
Certified power of attorney for the branch manager
The company’s financial report (signed by a certified auditor)
A letter of guarantee for the branch

Legal Regulations

The Commercial Register Law and the Commercial Companies Law promulgated by Decree-Law No. (12) of 2001 and its amendments with the executive regulations