Corporate Bank Accounts
Allow your business to function internationally
Starting from:
Finish opening in:
Guaranteed:
.avif)
In this section we will explore:
Everything you need to know about banking in Bahrain
Best commercial banks of Bahrain
Bahrain is a small country and it doesn’t have that many bank. But here are the best bank for each type of your needs:
For comfortable online banking:
1) Ahli United Bank
2) Ithmaar Bank
3) BBK Bank
For most foreign currencies:
1) Ahli United Bank
2) Ithmaar Bank
3) BBK Bank
For most ‘Russian-friendly’:
1) Ithmaar Bank
2) BBK Bank
3) Ahli United Bank
For speed & price of account opening:
1) Ithmaar Bank
2) Ahli United Bank
3) BBK Bank
Overall best pick:
Ithmaar Bank
Schedule a completely free consultation call with our agent and ask them any of your questions!
Costs of opening a bank account
For existing businesses
Time investment:
7-10 work days
Price:
$3000
Guarantee:
100%
For a new company
Time investment:
10-12 working days
Price:
$4000
Guarantee:
100%
Required documents
What are the required documents to open an account for both existing and new companies?
- Passport copies of all Directors, Shareholder, Authorized signatories and UBOs
- Originals of Company Registration & Commerical Registration Extract
- Memorandum of Assosiation
- Declaration of the source of funds
- 6 months banks statements of each shareholder & director and the company (if applicable)
Banking FAQs
Yes, this is totally possible. We have banking connections in all 4 major banks of Bahrain: BBK, Ahli United Bank, Al Salam Bank and Ithmaar Bank. Depending on your banking needs our agents will help you select the bank you need and will fully take care of the account opening process.
BCF agents will be happy to help your company with this.
Mostly - yes. If you have an account in one of the banks in which we have banking connections (Al Salam Bank, BBK, Ithmaar or Ahli United Bank), then this is totally possible. If your company has an account with a different bank, with which we have not worked before, then we will help you with the opening, but in this case we cannot guarantee a successful opening.
In our opinion, the best overall bank in Bahrain for a small to medium-sized business is Ithmaar Bank. This is because it offers both a user-friendly online banking, lots of available foreign currencies as well as the fastest account opening times. If your company is larger and has 50,000,000+ USD / annum cash flow, then we would recommend a broader diversification strategy across 2-3 different banks.
Reach out to us and we will help you select the bank for your specific needs.
Company registration itself takes 1.5-2 months. However, the full process including bank account opening may take 3-4 months, especially for USD accounts which can present additional challenges. Most of our clients complete everything within 2-2.5 months, but we guarantee completion in 3-4 months as protection.
As a company, we always strive to underpromise and overdeliver, not the other way around.
Account opening times for a new company usually take 5-7 working days. Account opening times for an existing business usually take around 10 working days, which is due to extended compliance checks by the bank.
Bank account opening for a new company costs $4,000. Bank account for an existing company costs $3,000.
Our agency has banking connections in the following banks: BBK, Ithmaar Bank, Al Salam Bank and Ahli United Bank. We can only guarantee a successful bank opening in these banks.
Unfortunately - yes. At the end of the day, agents at BCF are not bank employees responsible for account approvals and we will not lie or pretend that this is the case. But we can assure you that we have completed over 100 company formations and not a single rejection has been received. Additionally, BCF guarantees a bank account opening, which means that if you do get a rejection, we will provide you a choice to either attempt to open in a different bank or to get a full refund.
