CBB licensees and economic substance

The situation

CBB regulated activities must also be reported to the CBB under Directive OG/499/2018.

The law

• Economic substance rules: Ministerial Order No. 106 of 2018 and CBB Directive OG/499/2018: Entities carrying on relevant activities must show core income generating activity and management in Bahrain and lodge an ES return

What it means for you

CBB licensees follow the CBB's reporting route and template, and the CBB treated extensions case by case. Check whether a parallel MOIC filing is also expected for your CR.

What to do

1. Confirm your CBB category.
2. Use the CBB ES template.
3. File with the CBB.
4. Check any MOIC filing duty.

Related

• Official guidance on Bahrain ES
• Do Bahrain economic substance rules still apply
• Missed ES return blocks CR renewal
• Which activities trigger Bahrain ES
• Bahrain ES return deadline
• Pure holding companies under Bahrain ES