Servcorp News 2013| The Basics of setting up a business in Bahrain :: Manama, Bahrain

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The Basics of setting up a business in Bahrain

October 2013 | Servcorp

With today's advancement in technology, it has become much easier for anyone to become an entrepreneur– whether they own a business, lead a team or intend to introduce an amazing new idea to the industry. Creativity and strategy are essential, particularly in the Bahrain economy which has been ranked as the 12th freest in the 2013 global Index for business and financial freedom.

Business Plan

Most businesses start with one compelling idea, so your first Step is to take this idea and develop it into a solid business plan. Refine your product or service, research the market and your competition, examine your finances and set your long and short-term goals.

Financing & Registration

Once you have a solid strategy, visit the Bahrain Investors Center, set up by the Organisation for Economic Co-operation and Development to help you get your business started. The center provides you with the regulatory framework and offers easy online commercial registration. Approximately 80% of the commercial registration procedure can be completed on your first visit.  

Choosing Office Space

The planning phase is over and the search for office space in Bahrain starts. Serviced offices are an excellent choice for minimising costs while simultaneously offering access to a prestigious business address at the Bahrain Financial Harbour, high-quality amenities and benchmark communication & IT systems.

Selecting staff

The staff you hire for your business can be your most valuable asset but can also be your greatest cost, so it's important to get this step right. A serviced office can provide you with a proactive, efficient and professional team on hand to support your business. From a multilingual receptionist that answers your calls and transfers them to you anywhere you are, a support team to assist you with your admin and daily requirements as well as 24 hour IT support.

Know that your business will have the facilities it needs right from the get-go with a Servcorp Serviced office.