By Saqlain Akram
HM King Hamad issued decree no. 28 (On 28th of September 2020) amending some provision of Bahrain Commercial Companies Law. These amendments were made as a part of Bahrain’s ongoing aim to develop its compliance and regulatory frameworks in line with international best practice.
On 1st December,2020 Ministry of Industry Commerce & Trade changed Single person companies to With Limited Liability. CR holders are guided to update their commercial name in Signboard, Stamp, letterhead and other commercial documents.
All SPC changed to WLL hence owners are required to notarize new document named as “The declaration of incorporation” and update records in commercial registry (sijilat.bh).