Bank Account Requirement

All commercial businesses in Bahrain must now follow new payment rules set by the government. These rules are part of Resolution No. 43 of 2024 and Decision No. (43) of 2024. Here’s what you need to know:

Bank Account Requirement

Every business registered with the Ministry of Industry and Commerce must handle all financial transactions through at least one commercial bank account in Bahrain. If your business has multiple branches, just one account is enough.

Electronic Payments Are a Must

All businesses must offer at least one electronic payment option for their customers. This means besides cash, customers should be able to pay using methods like cards, mobile wallets, or other digital payments.

Who Does This Affect?

This rule applies to all kinds of commercial businesses, including companies, individual businesses, and even online stores (Sijilli).

It’s important for businesses to comply by having a commercial bank account registered and providing electronic payment options to keep up with the new regulations and offer better service to customers.

Conclusion

If you haven’t updated your payment methods yet, now’s the time to get started! Contact us today to learn how we can help you.

For more information, please visit the Sijilat Portal at www.sijilat.bh