Step 3: Pay Due Fees Before starting the renewal, check whether any due fees or penalties exist in relation to your CR. This may be about:
Annual renewal fees
Late renewal fines (if that was the case)
Any other fees, which may include those for supplementary activities or updates; clear them using the online payment module made available at Sijilat.
Step 4: Filing the Request for Renewal Once the applicant has verified that all information is correct and all dues are paid up to date, he or she can submit a request for the renewal of the CR. This includes:
Determining the renewal period-one or two years, typically
Confirming the business activities to be continued with your renewed CR
Uploading necessary documents of support, sometimes, like lease agreements or updated financial statements for some types of businesses
Step 5: Pay the Renewal Fee The Sijilat system will calculate the renewal fee based on the form and activities of your business. Pay the renewal fee through the online options-credit card or bank transfer. When the payment is processed, a confirmation receipt will be generated.
Step 6: Obtain the Renewed CR Upon successful submission and payment, the renewed CR will be prepared, where you will obtain an electronic copy of the certificate. You can download and print this certificate from the Sijilat portal. The new expiration date shall appear on the document.
CR Renewal Documents Required
Much as most of the process is controlled online, there could arise the need for some documents depending on the type of business one is operating. Common requirements typically include:
A valid tenancy agreement of your business premises
Updated MOA in cases of change of shareholders or business activities
Audited financial statements for those businesses engaging in particular sectors
Updated insurance certificates or employee records for sectors such as construction and manufacturing.
It is always prudent to prepare these documents in advance to avoid inconveniences during renewal.
Penalties for Late Renewal Failure to renew your CR on time will vary in penalties that increase with how long the CR is expired:
Fines: The Ministry of Industry, Commerce, and Tourism issues monthly fines against each month that the CR was not renewed. Fines are therefore accrued on a monthly basis and could add up significantly over time
Suspension of Operation: Any business or entity found running without a valid CR is liable to immediate suspension of its activities by the authorities.
Legal Action: In serious cases, when the non-renewal of the CR is for a longer period, this may amount to a case of legal action against the business, forcing its liquidation.
Smooth Renewal Process Tips
For foreign-owned businesses operating in Bahrain, the renewal process for CR may entail other formalities like maintaining updated investment records or sticking to Bahrain's Economic Substance Requirements (ESR) regarding certain business activities. Any foreign investor must ensure that he maintains all regulatory approvals and clearances before renewal of his CR.
Renewing a Commercial Registration (CR) in Bahrain is a straightforward process when proper due diligence and preparation are applied. At Sydney Consulting, as a trusted company formation services provider, we ensure that businesses can easily handle their CR renewals online through the Sijilat platform. By regularly updating business information, paying fees on time, and staying compliant with Bahrain’s regulations, companies can experience a seamless renewal process. Our expert team is here to guide you every step of the way, making compliance stress-free.