Opening a bank account in Bahrain
Our team will help you open corporate and personal accounts in Bahraini banks. Our lawyers will accompany you through the entire process of collecting documents, preparing and submitting an application for compliance control.
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Why open a bank account in Bahrain?
Bahrain, a recognized financial center of the Middle East, offers unique opportunities for individuals and businesses. Opening a bank account here is a strategic decision that opens the door to global markets, tax advantages and advanced financial services.
Financial stability and security
The Central Bank of Bahrain provides strict supervision of the financial system, ensuring reliability and compliance with international standards (including Basel III). The country's rating from Moody's is "B2" with a positive outlook.
Access to GCC and MENA markets
Bahrain is a member of the GCC. A local bank account facilitates trade in the region, makes it possible to invest in projects of The Economic Vision 2030 or the Central Bank of Bahrain, as well as foreign exchange transactions in Bahraini dinars, dollars, euros and UAE dirhams.
Technological development of banking products
Most banks in Bahrain have account integration with international platforms PayPal, Stripe, Wise and are actively implementing blockchain technologies of the distributed ledger for instant international payments with a commission of 0.1-0.5%.
"Bahrain is transforming banking into a tool for ambitious goals - whether it's entering the GCC market, protecting capital or building a global business. Here, technology meets traditional reliability, and the flexibility of regulations opens the door to innovation" Ivan Egorov, юрист
Would you like to receive a free legal consultation?
Leave a request and you will receive:
- a list of banks that will suit your needs;
- full list of required documents;
- consultation on expenses, taxes, deadlines;
- answers to all your questions.
6 Easy Steps to Open a Bank Account in Bahrain
On average, it takes 3 to 4 months to open a corporate bank account.
Stage 1
Collection of necessary documents
We assist in preparing the necessary corporate documents including Articles of Association (AoA), Commercial Registration (CR) in two languages and ensure that the documents are up to date, accurate and translated into Arabic.
Stage 2
Contacting the bank's corporate services department
Some banks allow you to apply online, but in-person presence may be required to complete the process.
Stage 3
Due Diligence and KYC verification
These are mainly anti-money laundering (AML) checks, where the bank checks the company's documents and the business owners. Additional references, proof of income or detailed information about sources of funding may be required.
Stage 4
Signing of agreements
Once the verification is complete, banking agreements are signed, including terms of service and compliance rules.
Stage 5
Account financing
At this stage, you must make an initial deposit (if required by the bank). The deposit amount may vary depending on the type of account and the bank.
Stage 6
Gaining access to your account and online banking
Obtaining account details – IBAN, SWIFT code, online banking data. It is necessary to ensure that all digital services, such as mobile banking, are activated.
Some of the banks we work with
Al Salam Bank
It is among the top 5 Islamic banks in the country by asset size
- Currencies: BHD, USD, EUR, AED
- Opening period: 3-4 months
- Personal presence: mandatory
- Online Banking: Direct Transfers to 25+ Countries via Wise Partnership, No Cryptocurrency Support
Ithmaar Bank
One of Bahrain's leading banks, operating since 1984
- Currencies: BHD, USD, EUR, AED, Saudi Riyals, GBP
- Opening period: 3-4 months
- Personal presence: mandatory
- Online banking: includes crypto wallets for handling digital assets approved by the Central Bank of Bahrain
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Why do more than 100 clients contact us every year?
Full support
From collecting documents and visiting government agencies to obtaining a resident visa for founders and employees
Exactly according to the client's task
We open a company in a suitable jurisdiction and with the required form of registration, minimizing risks
We continue to help businesses
We not only open a company, but also provide expert legal, tax and accounting support for business
Team of experts
The team consists of 150+ experts who have successfully implemented more than 1000 projects in the UAE, USA, EU, Asia, other countries and regions.
Would you like us to prepare an individual offer for your task and future business?
Contact us and we'll be in touch for more details:
- we will select a bank and draw up a list of necessary documents;
- we will describe all the stages of opening an account;
- We will clearly define the project deadlines and budget.
Our other services in UAE
Company registration in Bahrain
Company registration in Bahrain
Applying for a Resident Visa in Bahrain
Applying for a Resident Visa in Bahrain
About Versus
Versus is a leading consulting group providing legal and accounting services in key foreign markets.
Over the years of working in the UAE and other MENA countries, we have acquired a deep knowledge of local legislation, which, combined with knowledge of international standards, allows us to offer solutions tailored to the unique needs of each client.
20+
Experts in offices in Dubai and Abu Dhabi
250+
Successfully completed projects on the law of the UAE and other countries of the MENA region
