Economic Substance Return – ESR
Commercial
organizations involved in following activities are required to submit Economic
Substance Return annually:
- Distribution and service center activities.
- Headquarters activities.
- Holding company activities.
- Leasing activities (other than those activities
undertaken by licensees of the Central Bank of Bahrain). - Shipping activities.
- Intellectual property activities in Bahrain.
- Board Resolutions
- Financial Data
-
Reference: Issuance by the Ministry of Industry, Commerce and Tourism (“MOICT”) of Resolution No. (106) of 2018 regarding the requirements of validating the actual economic substance of entities’ activities in the Kingdom of Bahrain (“Resolution”), prescribing the requirements to be met by entities in Bahrain in terms of economic substance in Bahrain (the “Rules”).
How We Can Help
Let our specialized team assist you in submission of ESR report and avoind/remove offence from your CR.
We guarantee update of records at Ministry of Industry & Commerce and legitimacy of this change.
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Featured Team Members
We take a consistent approach to recruiting and skills development regardless of where our people are located, so that we can quickly deliver the right team
Saqlain Akram - Founder
Company formation Specialist
