Economic substance assessment and annual ES return
We test whether your actual activities are relevant activities, check the substance tests, and lodge the ES return with MOIC or the CBB.
BHD 400Yearly
For: Bahrain entities carrying on relevant activities: holding, headquarters, distribution and service centre, leasing, shipping, IP, and CBB licensed banks, insurers, investment and finance firms.
What we need from you
CR activities and actual activities
Relevant activity test
Board meeting records in Bahrain
Directed and managed test
Staff and premises in Bahrain
Adequacy test
Income by activity
Core income generating activity
Outsourcing agreements
Outsourced activity must be in Bahrain and supervised
What we discuss
Is the company a pure holding company?
Reduced test
Is it CBB regulated?
File with CBB too
Are core activities outsourced?
Outsourcing must be in Bahrain and supervised
Is the group above EUR 750 million revenue?
Group entities are within ES scope
What we file
Relevant activity assessment
Lodge ES return
What you get
ES assessment memo
Filed ES return
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 Source
- Economic substance rules: return deadline: ES return due within 3 months of financial year end; MOIC records a CR violation for non-filing Source
Questions people ask
- Do Bahrain economic substance rules still apply
- Which activities trigger Bahrain ES
- Bahrain ES return deadline
- Missed ES return blocks CR renewal
- Pure holding companies under Bahrain ES
- CBB licensees and economic substance
- Outsourcing and the ES tests
- Board meetings and directed and managed test
- Actual activity versus CR activity code
- Official guidance on Bahrain ES
Contact us to book
Online payment in BHD is not open yet. Send us a message and an adviser for Bahrain confirms the scope and the fee before any work starts.