Bahrain: Amendments to commercial companies law

Bahrain: Amendments to commercial companies law

Guidance (decree no. 28 of 2020) issued 28 September 2020 amends certain provisions of the law in Bahrain concerning commercial companies.

1000

Related content

The amendments aim to bring the law in line with international “best practice” and may require companies in Bahrain to make changes to their current structure. In general, the amendments concern:

  • Single person companies
  • Number of shareholders for a “limited liability” company
  • Minimum share capital requirements
  • Board membership
  • Remuneration of executive management and directors
  • Statutory reserves
  • Strategic shareholders
  • Mergers and acquisitions
  • Employee shares plans
  • Share capital increases
  • Limited partnerships
  • Not-for-profit companies


Read a September 2020 report [PDF 361 KB] prepared by the KPMG member firm in Bahrain

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. 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. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal