Simple commandite company (SCC)
A Simple Commandite company is a limited partnership company established by one or more partners who are jointly liable to the extent of their entire personal wealth for the company’s obligations and other partners who have invested in the company but are not involved in its management, i.e. “Limited partners”. Limited partners are held responsible for the company’s obligations only to the extent of the capital contributed by them.
Limited liability – there are two types of partners: limited partners and partners with unlimited liability
Local office presence is required
Banking, insurance, and investment arrangements are prohibited
Business operations are permissible in Bahrain
There are no minimum capital requirements
Foreign ownership is limited to 49%
Call us for free consultation: 36273516
Simple Commandite 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.