A partnership company is a company without limited liability. A general partnership is an association of two or more parties trading together under a specific collective trade name for commercial purposes. The partners assume joint liability to the extent of their entire property for the partnership’s debts.
There are no provisions in the law concerning the minimum or maximum capital required of a partnership or the maximum number of partners allowed. However, the partnership should have a minimum of two partners. Other types of partnerships include Limited Partnerships and Partnership Limited by Shares.
Banking, insurance, and investment activities are not allowed
Local operations are allowed
Local of office presence is required
No minimum share capital
The minimum number of partners required is two
The minimum number of directors required is two
100% foreign ownership is allowed
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Partnership Company CR starts as low as BHD299.000
Benefits of Choosing Whitehat Business support
Empowering you to commit more opportunity to your core wealth creation activities. Normally, it takes 3 to 14 working days to enlist an organization with MOICT in Bahrain But at times it may require just a few more days if a few endorsements are required for some particular business actuates. We assure you that not even 1 second will be wasted by us.