Entries by ac-admin

Preliminary Checklist for a Property Developer

Pursuant to Law No. 28 of 2014, an individual or group of individuals may become a property developer and undertake the following business activities: developing a project in Bahrain for either commercial or residential purposes; sells properties; and receive payments from selling these properties In order to become licensed developer, the following statutory requirements are […]

Salient Features of Bahrain’s Lease Law

Bahrain Law No. 27 of 2014 ‘Issuing the Property Lease Law’ (the “Property Lease Law”) was published on 7 August 2014 and came into force on 7 February 2015 (the “Effective Date”). Application of the Law The Property Lease Law applies to real estate premises that are intended for residential, industrial, commercial, professional and craftsmanship […]

VAT Implementation in the Kingdom of Bahrain

VAT Introduction From the 1st of January 2019, the Kingdom of Bahrain has implemented the Value Added Tax (VAT) to certain goods and services through the Value Added Tax Decree-Law No. (48) of the year 2018 (VAT Law). The National Bureau for Revenue (NBR) is the government body responsible for the implementation and administration of […]

RERA at a Glance!

As the real estate sector in Bahrain is an important contributor to the country’s GDP it is important to have a well-organized law for the same. Therefore, the Real Estate Regulatory Authority (RERA) has established in the kingdom of Bahrain with an aim to regulate the real estate sector in the country. RERA is the […]