Bahrain Investors Centers (BICs) will work on Saturdays as part of the Ministry of Industry and Commerce’s decision to enhance the working days to six days.
Nader Khalil Almoayyed, Undersecretary Commercial Affairs, told a media briefing that the Ministry of Industry and Commerce take all possible steps to achieve the strategic targets of the Kingdom’s of Bahrain’s Vision 2030.
“Starting from the Saturday 28th September, the BICs located at the Seef Mall and the BCCI premises would start working and upon the feedback and workload, the partner entities likely to be added at later stage,” he explained.
Almoayyed said that as part of major step forward the Ministry of the Commerce and Industry would go online and will offer online CR facility in addition of host of other e-Services. “This move was a part of the Minister of Industry and Commerce Dr Hassan Abdullah’s directives to reach out investors by offering state-of-the-art facilities,” he added.
Almoayyed, who served as Undersecretary Industrial Affairs, said he would share data with media on regular basis so that the benefits should be passed on to the people and end-users.
The Commercial Sector, Alomayyed said, serves as a vital pillar to the national economy and the Ministry will take all possible steps to sustain the Kingdom of Bahrain’s status as leading investment destination in the region.
“The Bahrain Investors Centres (BICs) were established in order to provide investors with the most cost effective and efficient incorporation procedure. In total 12 Ministries and other entities involved in the incorporation process have come together under the BIC roof, using a common web-based and parameterized interface, to provide a customer focused service, which is based on the propositions of ‘no wrong door’ and ‘single visit’.”
“In the time since its establishment, the BIC has enjoyed a high level of success in speeding up incorporation time, encouraging new investment, and bringing about a new level of cooperation among the various entities involved. The BIC has also enjoyed many accolades for its performance in providing customers with a good experience and efficient process. We expect that as we move into the next phase of development, which at the system level we have named as E-Investor, customers will benefit from a truly virtual process,” Dr Hassan Fakhro Minister of Industry and Commerce in a statement said.
“As the incorporation process has developed, we together with our technology partners have been continuously innovating so that today the BIC has become a state-of-the-art one stop facility, admired by many, and has become the model for some other countries, both in the Region and elsewhere, by which their own future services will be based. The story does not end here, as we look to the future to enhance our services by offering a completely virtual incorporation process. This Guide is intended to introduce customers and potential investors to the commercial registration system and to complement the services provided at the Centre in steering visitors through the process. On a final note I would like to acknowledge the hard work of all the Ministry’s staff, and the central role and valuable contribution of the Economic Development Board (EDB) in putting this Guide together,” Dr Hassan Fakhro, added.