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KPMG Bahrain discusses the Kingdom’s corporate regulatory environment

KPMG Bahrain discusses about the corporate regulatory

50 delegates from the local businesses attended KPMG Bahrain seminar session to educate businesses and business owners on the latest regulatory obligations.

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KPMG Bahrain hosted a seminar session to educate businesses and business owners on the latest regulatory obligations.

With the continuous regulatory developments in the Kingdom of Bahrain and beyond, KPMG in Bahrain recently hosted a seminar session to educate businesses and business owners on the latest regulatory obligations. Around 50 delegates from the local businesses attended the seminar to gain clarity on the complex regulatory and tax compliance requirements relevant to their ongoing business activities, start-up activities or when winding down operations.

Philippe Norré, Partner and Head of Tax and Corporate Services at KPMG in Bahrain, delivered the introductory keynote messages at the event and discussed with the audience the importance of being in compliance with all legal obligations when conducting business. “Our firm itself has a duty to meet all obligations and we have been assisting our clients to avoid running into sanctions and penalties for five decades. Bahrain provides a very good framework for entrepreneurs and business growth but it is critical to fully navigate within the legal framework to avoid severe penalties and, as already occurred in several cases, the revocation of the approval to conduct business. The regulatory requirements are also there to protect economic operators and the new Bankruptcy Law will allow opportunities for business continuation in the current more challenging economic environment” He said in his presentation.

The Corporate and Paralegal services team is accessible at KPMG in Bahrain’s branch in Bahrain Financial Habour, located nearby the Bahrain Investment Center (BIC) in the Harbour Gate Building.

© 2020 KPMG Fakhro, a Bahrain partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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