Back Custom print Link Text Only Rich Text Print

  • Part XIV — Part XIV — Branches, Offices and Agencies of Foreign Companies

    • Article (346)

      Without prejudice to the special agreements concluded by the government and some companies, the provisions of this law, except for those governing the incorporation of companies, shall apply to the foreign companies incorporated abroad and undertaking their activities in Bahrain.

    • Article (347)

      a— Subject to other legislations that are not in conflict with this law, the companies incorporated abroad may establish branches, agencies or offices in the State of Bahrain on the following conditions:
      1— The foreign company shall obtain a license to establish a branch, an agency or an office from the Minister of Commerce and Industry.
      2— The foreign company incorporated abroad shall have a Bahraini sponsor, who may be a businessman or a company. However, the Minister of Commerce and Industry may exempt the company from this provision if the company's branch or office shall use Bahrain as a regional center or a representative office for the company's activities.
      b— The branch, agency or office shall be registered in the Commercial Registry in accordance with the provisions of law.
      c— If the branch, agency or office undertakes its activities before the completion of the procedures provided for in the foregoing paragraph, the persons who have undertaken such activities shall be liable personally and jointly therefor.

    • Article (348)

      a— The branch, agency or office must provide a guarantee to ensure performance of its obligations
      b— The guarantee shall be either a sponsorship by the Head Office or by the Bahraini sponsor or a bank deposit. The Minister of Commerce and Industry shall define the guarantee required from each branch, agency or office and he shall designate the bank with which the money shall be deposited if the guarantee is a deposit.
      c— If the guarantee is a deposit, it shall be in the name of the branch, the agent or the office representative and to the order of the Minister of Commerce and Industry.
      d— The depositor shall in all cases complete any reduction in the deposit if an attachment is placed thereon as a result of actions related to its commercial activities.

    • Article (349)

      Each branch, agency or office of a foreign company must print on all its papers, documents and publications, in legible Arabic, the full name of the company and its address and head office and the name of the agent.

    • Article (350)

      The provisions of articles (21) and (68) of this law shall apply to the branches, agencies and offices referred to in the foregoing article.