The Small Enterprises Association organizes a lecture on “Preserving the Legal Rights of Entrepreneurs”

Al-Salloum: We are keen to inform entrepreneurs of their legal rights and the latest legislative developments

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Zamo: Beware of “out-of-date” commercial registry data. Your personal data is a treasure that should not be underestimated!!

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The Bahrain Society for Small and Medium Enterprises Development, headed by His Excellency Representative Ahmed Sabah Al Salloum, organized a lecture delivered by Dr. Aseel Zamo, a well-known commercial mediation expert and legal consultant, and it received great appreciation from the audience. The lecture covered many valuable information and advice about “preserving the legal rights of entrepreneurs… in… Facing market challenges.

His Excellency Representative Al-Salloum, President of the Association, said in a statement on this occasion, “The Association is keen to inform all members of their legal rights and all the newly introduced legislation related to the small enterprise sector and entrepreneurship, and the laws that actually exist that some people do not know about for any reason, out of its belief that “The importance of this knowledge in the success of small companies and the development of their businesses, so that they are not subject to closure or fines due to ignorance of these important laws.”

Al-Salloum continued, saying, “We welcome the additions and information provided by Dr. Aseel Zamo during the lecture based on her expertise and distinguished experience as an advisor to the Minister of Justice in Bahrain for several years and her extensive personal experiences as a mediator and commercial court with a long history in matters of commercial cases in particular. We, for our part, are keen to continue this.” This type of lecture will be followed by a number of other important legal lectures that will present some issues related to entrepreneurs in Bahrain to decision-makers and specialists.”

The lecture began with a welcome speech delivered by Mr. Karim Hamed, the association’s media advisor, through which he conveyed the greetings of Representative Salloum to all attendees, his welcome to the doctor, and his wishes for everyone’s success. He indicated during his speech that the lecture was organized by the Legal Awareness and Training Committee of the association, headed by Ms. Hessa Jassim, and with the commendable effort of the committee member, Ms. Hoda Radi.

During the lecture, Dr. Aseel Zamo pointed out a number of important legal matters that you must be completely careful of as entrepreneurs and owners of micro and small enterprises, including: – The contact information recorded in the commercial registry data is considered official data, and any notification on your registered email or phone number will be… An official and legally useful notice, so the data must be reviewed periodically and constantly updated. – Commercial arbitration is not suitable for owners of small enterprises because its cost is very high compared to the size of these companies, and the most appropriate is regular judiciary or legal commercial mediation. Your personal data is a treasure. Do not underestimate it. Do not underestimate the information that shop owners ask for when purchasing, or that which is requested from you when downloading a new application or entering a new website, because marketing in the entire world is currently based on this data and its analysis.

The Personal Data Protection Law governs the practices of organizations that collect, process and store the personal data of data subjects (i.e. individuals). The Personal Data Protection Law identifies the data controller as the primary responsible for compliance with the principles set out in the law.

– Shareholders are not liable for the company’s legal obligations or debts. Since companies are separate legal entities, shareholders: Liability is limited to the unpaid amount of their shares; Obligations and duties stipulated in the company’s articles of association or shareholders’ agreement.

– Do not practice any commercial activity unless it is licensed to guarantee your rights and the rights of your customers, and to ensure that the trade name matches the licensed name of the establishment, with the registration number and branch number.

– The laws of the Kingdom of Bahrain prohibit any business owner registered in the commercial registry from selling or leasing the commercial registry or leasing his commercial premises to non-Bahrainis. This is what is known as commercial concealment, which is enabling non-Bahrainis to engage in a prohibited commercial activity, such as using the personal data of a Bahraini (or someone of similar status), his license, or his commercial register, or other methods that lead to commercial concealment.

– Commercial concealment is considered a crime because the government of Bahrain granted the right to conduct business to the employer himself and not granting that right to others. – Failure to renew the commercial register does not end the responsibility of the registered owner and management, as their responsibility continues as if the commercial register was still in effect until liquidation is completed. Legal finality of the record.

Zamo confirmed that any company existing in Bahrain with total annual taxable supplies (including imported services and goods) must register for VAT that exceeds (in the previous 12 months) or is expected to exceed (in the following 30 days) the mandatory registration limit. It is 37,500 Bahraini dinars (about 100,000 US dollars). To apply for VAT registration within 30 days from the date on which it is required to register. A company can register voluntarily if the total value of its taxable supplies (including imported services and goods), or its expenses that were subject to VAT in the previous 12 months exceeds 18,750 Bahraini dinars. After registration, businesses must issue compliant tax invoices, charge the appropriate rate of VAT on supplies supplied, file VAT returns and pay the correct amount of VAT due to the National Bureau of Revenue.