Legal Framework
From The Report: Bahrain 2019
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In recent years Bahrain has seen the introduction of a series of laws designed to further develop the kingdom’s financial sector, facilitate local and foreign investment, and promote Bahrain as a transparent, secure and cost-effective place to do business in the MENA region.

Contains a viewpoint from Hatim Q Zu’bi, Zu’bi & Partners Attorneys & Legal Consultants.

Articles from this Chapter

Overview

Confidence boost: Recent amendments to the Commercial Companies Law have increased the rights of shareholders
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The most recent amendments to Bahrain’s Legislative Decree No. 21 of 2001 promulgating the Commercial Companies Law were ratified in January 2018, and built upon the shareholder-friendly trends of the 2014 and 2015 amendments to the decree. Namely, they show a continued commitment to facilitating both local and foreign investment within the kingdom, in line with Bahrain’s long-term development plans outlined in the Economic Vision 2030, and reinforcing its reputation as an open and flexible…

Analysis

Encouraging partnership: First country in the GCC to introduce an onshore fund domicile, with new ways to structure investments
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In recent years Bahrain has seen the introduction of a series of laws designed to further develop the kingdom’s financial sector, facilitate local and foreign investment, and promote Bahrain as a transparent, secure and cost-effective place to do business in the Middle East and North Africa. The new legislation introduced since 2014 includes three rounds of amendments to the Commercial Companies Law, the introduction of the Protected Cell Companies Law and the Trusts Law and, significantly,…

Analysis

Greater regulation: Real estate sector benefits from new laws to ensure a transparent and professional business environment
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In line with King Hamad bin Isa Al Khalifa’s commitment to strengthening non-oil sectors, the Real Estate Regulatory Authority (RERA) was officially formed with the issuance of Decree No. 69 of 2017 with respect to the organisation of the RERA. It began operations in March 2018, with a focus on licensing real estate service providers, professionals and off-plan sale projects. Its aim is to create a professional and transparent business environment, and encourage investments in the real…

Viewpoint

Cutting-edge space: Hatim Q Zu’bi, Zu’bi & Partners, Attorneys & Legal Consultants, on a new development aimed at fostering financial innovation
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Viewpoint:Hatim Q Zu’bi In June 2017 the Central Bank of Bahrain (CBB) announced plans to develop a regulatory sandbox, establishing Bahrain as a leader in the Middle East’s financial technology (fintech) landscape. The regulatory sandbox is a virtual space and framework that facilitates the development of fintech through safe testing of innovative products, services, business models and delivery mechanisms, without the automatic application of regulatory and financial consequences. In…