ESR is a regulatory framework requiring Bahrain entities to demonstrate substantial activities within the country. It aims to align businesses with international standards and foster economic growth. Non-compliance may result in penalties.
Disclosing UBO information enhances transparency in corporate structures, combats money laundering, and reinforces the integrity of financial transactions. It is a crucial step towards global regulatory compliance.
Implement robust AML measures, including thorough customer due diligence, meticulous record-keeping, and prompt reporting of suspicious transactions. These steps protect your business from financial crimes.
Bahrain currently has no general corporate income tax, except on oil, gas, and related industries. However, businesses must still meet financial reporting obligations and be prepared for potential future changes in tax regulations.
Bahrain requires most companies to follow IFRS for accurate, transparent, and internationally recognized financial reporting. Compliance helps attract investors, secure bank funding, and meet regulatory requirements.
Bahrain implemented VAT at a standard rate of 10%. Businesses must register, maintain proper records, issue VAT-compliant invoices, and file regular returns with the National Bureau for Revenue (NBR) to avoid penalties.
Growbox offers end-to-end compliance support—covering ESR, UBO, AML, VAT, and IFRS. Our experts ensure your business stays aligned with Bahrain’s evolving regulatory framework through tailored strategies and ongoing advisory.
You can reach out to Growbox via our website, email, or phone. Our consultants are ready to assist you with compliance, licensing, and business setup in Bahrain.
