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Audit requirement for Bahrain companies
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Commercial companies are required to submit their audited annual reports for review and analysis in accordance with Bahrain’s commercial companies law, decree law no. 21 of 2001 and revised decree law 50 of 2014.
Companies required by law to submit audited annual reports and the deadline for submission
| Type of company | Deadline for submission to MOICT | Who must sign the annual report |
| B.S.C | Within 6 months of the company’s financial year-end. | Chairman AND another board member. |
| B.S.C (c) | Within 6 months of the company’s financial year-end. | Chairman AND another board member. |
| W.L.L | Within 6 months of the company’s financial year-end. | One director OR more depending on the situation. |
| S.P.C | Within 6 months of the company’s financial year-end. | One director OR more depending on the situation. |
| Foreign company branch | Within 6 months of the company’s financial year-end. | One director OR more depending on the situation. |
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Accounting & Book keeping for Saudi SME’s made easier
It was during the summer of 2017, one of our clients who have companies in Dammam and Dubai asked me whether we can manage his accounting data entry and reporting for Saudi also in addition to what we do for his company in Dubai.
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VAT Summit held at Manama, Bahrain
*Date : 28 April 2019 * Venue: Crown Plaza Hotel, Manama, Bahrain
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Value Added Tax (VAT) – Are you ready?
Value Added Tax in UAE The much awaited Value Added Tax is just a couple of months away. Here is the 3 key elements to check readiness of your business to accept the change. Impact assessment: Every organization needs to have an impact assessment by considering the nature of business and type of industry. Even though