Monitoring and Supervision

The following company types are required by law to submit annual audited financial statements to the Ministry of Industry and Commerce:

Type Due Date

Bahrain Shareholding Company (B.S.C.) – Public

Within 3 months of the end of the company’s financial year

Bahrain Shareholding Company (B.S.C.) – Closed

Within 3 months of the end of the company’s financial year

With Limited Liability Company (W.L.L.)

Within 6 months of the end of the company’s financial year

Single Person Company (S.P.C.)

Within 6 months of the end of the company’s financial year

The Ministry conducts on-site inspections and regular checks to ensure that businesses comply with the
terms and conditions set forth in their commercial registration and conduct business only as licensed.


In addition, the Ministry is responsible for monitoring and supervising the finances of registered nonfinancial businesses. Inspection may be initiated as part of a routine monitoring plan or for any of the following reasons:


 Request of a shareholders / partner who owns 25% and more of the company
 Request of H.E. the Minister of Industry and Commerce
 Official request from other Governmental body
 Complaint by one of the company’s client
 Identification of a suspicious transaction
 Failure to deliver financial reports
 Failure to renew commercial registration for two years
 Failure to comply with anti-money laundering regulations

The Ministry conducts on-site inspections and regular checks to ensure that businesses comply with the terms and conditions set forth in their commercial registration and conduct business only as licensed. In addition, the Ministry is responsible for monitoring and supervising the finances of registered non-financial businesses. Inspection may be initiated as part of a routine monitoring plan or for any of the following reasons:


 Request of a shareholder / partner who owns 25% and more of the company
 Request of H.E. the Minister of Industry and Commerce
 Official request from other Governmental body
 Complaint by one of the company’s clients
 Identification of a suspicious transaction
 Failure to deliver financial reports
 Failure to renew commercial registration for two years
 Failure to comply with anti-money laundering regulations

In addition, other licensing authorities are responsible for monitoring their licensed business activities and conducting regular inspections to ensure compliance with licensing

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