Voluntary liquidation and CR cancellation
We plan the exit, prepare the partners' resolution, act with the liquidator, close LMRA, SIO and NBR accounts, publish notices and cancel the CR.
BHD 1,500One time
For: Solvent WLLs, SPCs and branches closing their Bahrain business.
What we need from you
Partners resolution
Start
Final accounts
Liquidator
List of creditors and staff dues
Settlement
VAT returns and NBR status
Tax clearance
LMRA permits and SIO registrations
Cancel
What we discuss
Is the company solvent?
Solvent route versus insolvency
Who will be liquidator?
Must be qualified
Staff exits and permit cancellation
Employee dues first
Are there DMTT or excise registrations to close as well?
All NBR registrations need clearance
What we file
Resolution and liquidator appointment
Publish notice
Clearances and final VAT return
Cancel CR
What you get
Liquidation plan
CR cancellation
The law
- Commercial Companies Law: dissolution and liquidation: Partners resolve to dissolve, appoint a liquidator, publish notice, settle debts, then the CR is cancelled Source
- Commercial Companies Law, Decree-Law No. 21 of 2001: Sets company forms (WLL, SPC, BSC), management, accounts, dissolution and liquidation Source
- Decree-Law No. 48 of 2018 on Value Added Tax: Bahrain VAT law administered by the NBR; covers registration, invoicing, returns and penalties Source
Questions people ask
- Steps to close a Bahrain WLL properly
- Letting the CR lapse instead of liquidating
- VAT on closing a Bahrain business
- Staff dues and permits on liquidation
- Choosing a liquidator
- Publishing the liquidation notice
- NBR tax clearance on closure
- Final liquidation report
- Sharing surplus or shortfall between partners
- Keep a dormant company or liquidate
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.