As the name explains itself Single Person Company is owned by a single owner with the benefit of limited liability. In Arabic, it is written as شركة الشخص الواحد and pronounces as Shirka Al Shakhs Al Wahid. It is similar to Single Member Company (SMC) in other countries.
According to Decree-Law No. 28 of 2020, amending some provisions of the Commercial Companies’ Law promulgated by Decree-Law No. 21 of 2001 that was published in the Official Gazette on October 1 of 2020 No. 3491, which states that S.P.C. registration type has been canceled, and it is now possible to establish a With limited liability company owned by one person. Click here for WLL Company formation in Bahrain
Single person company has only single owner who invests his money. As selling part of shares is not possible, this feature can become a hurdle in obtaining more funds for projects.
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