Partnership Company
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.
ELIGIBILITY
features
Unlimited liability
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.
Each client will be allocated a profession who will be available 24 hours via virtual support.
Our services are 100% transparent enabling clients in raising queries regarding the service and assuring that 100% satisfaction is maintained.
We are providing our services to the clients at lowest cost possible.
We provide all our clients with updated information regarding to all the departments in Bahrain so that they dont face any issue in their operations over period of time due to change in any procedures