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  • Branches, Subsidiaries and Representative Offices

    • C4-1.2.33

      As specified in Articles 51 and 57 of the CBB Law, a Bahraini category 4 investment firm must seek CBB approval and provide adequate information for its intention to:

      (a) Enter into a merger with another undertaking;
      (b) Enter into a proposed acquisition, disposal or establishment of a new subsidiary undertaking;
      (c) Open a new place of business as a subsidiary undertaking or a branch within the Kingdom of Bahrain or other jurisdiction; or
      (d) Open a representative office in another jurisdiction.
      Added: January 2022

    • C4-1.2.34

      Bahraini category 4 investment firms wishing to establish or acquire a subsidiary undertaking must submit the following information to the CBB as part of the approval process:

      (a) Proposed name of subsidiary;
      (b) Country of incorporation;
      (c) Legal structure;
      (d) Proposed paid-up capital;
      (e) Proposed shareholding structure;
      (f) Purpose of establishing or acquiring the subsidiary;
      (g) Draft incorporation documents of the subsidiary;
      (h) Board Resolution approving the establishment or acquisition of the subsidiary;
      (i) Names of the board members of the proposed subsidiary and the relationship of the board member to the licensee;
      (j) Names of the authorised signatories of the proposed subsidiary;
      (k) An undertaking from the board of the licensee that the board will be held ultimately responsible for any misconduct or action committed by the proposed subsidiary; and
      (l) Any other information or documentation as required by the CBB.
      Added: January 2022

    • C4-1.2.35

      Bahraini category 4 investment firm wishing to establish a branch or a representative office in a jurisdiction other than the Kingdom of Bahrain, must submit the following information to the CBB as part of the approval process:

      (a) Name of the host supervisor;
      (b) Proposed license type of the branch;
      (c) Purpose of establishing the branch or representative office;
      (d) Board Resolution approving the establishment of the branch or representative office;
      (e) The minimum requirements of the host jurisdiction; and
      (f) Any other information or documentation as required by the CBB.
      Added: January 2022