Accounting Bahrain, Auditing Firm In Bahrain
Includes offices carry out design of accounts systems for companies and establishments and prepares their initial financial data and implements and applies their accounting Bahrain systems. In addition preparing budgets, periodical internal reports and designs and applies internal control systems for companies and establishments. Excluded external audit work and financial consultations.
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Who can own 100%
1. Bahraini National: Allowed up to 100%
2. GCC Nationals : Allowed up to 100%
3. American Nationals : Allowed up to 100%
4. Singaporean Nationals : Allowed up to 49% (a minimum Bahraini ownership of 51% is required)
5. Icelander, Liechtensteiner, Norwegian, Swiss Nationals : Allowed up to 49% (a minimum Bahraini ownership of 51% is required)
6. Other Natioalities: Allowed up to 49% (a minimum Bahraini ownership of 51% is required)
Requirements:
To establish a business consultancy firm following are key requirements:
- Office address
- The applicant must hold at least a B.sc degree in accounting Bahrain or business administration with specialization in accounting and a period of study not less than three years, or a Charted Accounting Certificate (for example: CMA, CA, CPA).
- The applicant must have at least 2 years of work experience as auditing firm in Bahrain.
- The applicant shall not practice any other business activity nor work in the government or private sector, while having this license.
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A professional body licensed by the Ministry of Industry, Commerce & Tourism Bahrain.