Bahrain Investors Centre - OSSMinistry of Industry & Commerce “To make Bahrain a global and...

Ministry of Industry & Commerce

Bahrain Investors

Centre - OSS

Presented by:

Ali Maki

Director of company affairs


“To make Bahrain a global andcompetitive marketplaceclustered around knowledgedriven economy, and to becomea model for innovation and

timely investor services”

MOIC Vision


• Facilitate Commercial Registration

• Assist in Attracting Foreign Direct Investment (FDI)

• Streamline Business process of obtaining govt services

• Address investor queries via single contact point

• Provide investors w / value added services offered by the

private sector

BIC’s Objectives


“ A single contact point for all

commercial licensing”

The Concept


NGO’s & Private SectorGovernment Sector

Public Private Partnership

• Ministry of Labor

• Ministry of Health

• Ministry of Information

• Ministry of Industry

• Ministry of Municipalities & Agriculture

• Ministry of Electricity & Water

• Ministry of Interior

• Immigration Directorate

• Ministry of Justice

• EDB

• Microsoft

• Chamber of Commerce &

Industry

• Batelco

• E&Y (Key Point)

• Qais Al Zu’bi

• Ahli United Bank

• Kuwait Finance House

• Bahrain Development Bank

• Supreme Council for Women


Investment Climate Attributes

Based on World Bank Investment Climate Attributes …

Simplicity

Single Visit

Democratic/Open

EnvironmentLegal Protections

Low Costs

Service Oriented

Delivery

TransparencySpeed

Investor

Satisfaction


SimplicitySimplicity

Single VisitSingle Visit

Democratic/OpenEnvironment


Legal ProtectionsLegal ProtectionsLow CostsLow Costs

SERVICE OrientedDelivery


TransparencyTransparencySpeedSpeed

InvestorSatisfaction












• Online C.R. registration, renewal & services (24/7)

• Online information about businesses (app.. 60,000

commercial records)

• Public Target.

• Electronic Gazette

Transparency






















• Flat rate fee for all activities

• Reduced human intervention

• Online access to information

• Real time processing

• No corporate or income tax

Cost Optimization

Minimal Costs






















• Established Regulatory Framework

…Company, Commercial, e-Transaction …

• Membership of International Organizations

… WTO … WIPO…

• Corporate Governance Code

• Anti Money Laundering Law

• Due Diligence

… World Check …

Legal Protection


Reengineering

• “One Stop Shop”

• Single application form

• Fast track

• Online services

• e-payment

• One Business day process

• Public Target

• Renewal :

• e-channel (real time)





















Simplicity & Speed


Today and The Past

•The average time to get a CR

approval by all the official parties is

between 3 to 6 weeks.

•There is no cooperation between

the official parties from the investors

point view.

•80 % of the CR can be completed

within single visit.

•10 % of the CR can be completed

in less than 5 days.

•10 % for special projects.

Past situationToday Situation

Ministry

1Ministry

2

Ministry

3Ministry

4

Ministry

1

Ministry

2Ministry

3

Ministry

4


LAPTOP

HOME

BIC

INTERNET CAFEE

MOBILE

ELECT. SERV.

CBB

ENGINEERING

PRACTICEM.ELECTRECITY

mUNICIPLAITYINDUSTRY M.LABORcio

M.JUSTIC

HEALTHة INTERIOR

CBB

ENGNEERING P.MOE

MOM MOIC MOLCIO

MOL

MOH MOI

Future Vision


31/7/2002 →

30/7/2004

31/7/2004 →

30/7/2006

% Δ

Compa

nies

894 1941 117.10%

Total

Invest

ments

(BD)

496,654,844 2,223,015,823 347.60%

0

500

1000

1500

2000

31-7-2002 To 30-7-

2004

31-7-2004 To 30-

72006

Companies

0

500000000

1000000000

1500000000

2000000000

2500000000

31-7-2002 To

30-7-2004

31-7-2004 To

30-72006

Total Inv. (BD)

Facts & Figures


All Under One Roof to Serve The Investors

Thank You

Bahrain Investors Centre - OSSMinistry of Industry & Commerce “To make Bahrain a global and...

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