Bahrain

Corporate - Significant developments

Last reviewed - 16 August 2020

The Bahrain Ministry of Industry, Commerce and Tourism (MOICT) published economic substance regulations in 2018. These were supplemented by guidelines in 2019. The regulations require entities falling within their scope (which excludes entities with no overseas activities) to satisfy certain economic substance requirements and to report on these matters within three months from their financial year end. The regulations apply from the financial year 2019 onwards.