The Bahrain national initiatives & economic vision 2030 is reformed by Labour Fund or Tamkeen (an Arabic term, meaning empowerment), a public authority. Strengthening each & every individual & enterprise this program becomes the key for the private sector & also assures its backbone in the national development. Intending to boost & support the Bahrain National Economy this provides the individuals & private business sectors assistance and training.
- For individuals and enterprises focusing on supporting Bahraini’s employment.
- This combines with the existing mission of making the labour market employee preference as Bahrainis.
- For a period of up to 36 months, Bahraini job seekers & fresh new graduates registered with the Ministry of Labour & Social Development will get wage support.
- Students: Provides a triggering movement of their career like getting professional certifications initiating business & train workplace ethics.
- Job Seekers: Finances & supports the training programs & certifications and also provide wage support & entrepreneurship option along with financial & operational support.
- Employees: Supports in their career options & assists in entrepreneurship.
- Business: To reduce the pandemic impact on Business the Business Continuity Support Programme has been launched.
- Enterprises: Provides all business requirements like finance, approvals, permissions, advice, guidance & data management preparing the businesses to respond well & accurately. This will be a great motivation for entrepreneurship and existing businesses.
Pre-start-up Enterprises: Supporting starting an initiating business venture
- Start-ups Enterprises: Supporting small businesses to develop and grow with the fund and Advise.
- Scale-up & Mature Enterprises: Supporting existing businesses to expand and grow.
Women: To support women to build their stability in the labour market women-owned Startups are specifically supported, make of use Sharia-compliant financing at a competitive profit rate, and utilise the skills development programs & professional certifications.
Inviting investment leaders Bahrain is a business-friendly country enhancing business opportunities. Tamkeen services will be a better option for business growth. With many beneficial programs for the investors to build & develop businesses, the Bahrain government has simplified the application procedures of TAMKEEN services.
Business continuity support program – Eligibility Criteria:
- Active Commercial Registration/valid license.
- Small & Micro and enterprises (employees up to 50).
- Based and operating in Bahrain.
- Must have Social Insurance Organization/Labour Market Regulatory Authority (LMRA) registered employees.
- Provides audited financial statements or in-house management accounts for 2019 (if available)
- Should not have more than 50% Government ownership.
- Should not have active LMRA offences.
- Should not have active Tamkeen/LMRA violation(s).
- Should be able to show that COVID-19 has adversely affected their operations.
Business continuity support program – Required documents:
- An Active CR without any violation from SIO or LMRA.
- 3 months Bank statement of the company or it can be one of the owners of the company
- Valid Rental Agreement
- 3 months of electricity bill
- Accounting/Audit reports or In-house Accounting reports.
- Pieces of evidence proving that COVID-19 affected the business like accounting analysis, account receivables ageing report, outstanding reports, sales reports, and other evidence.
- Other supporting documents
- Support all business requirements for both start-up & established businesses.
- Assist your finance & progress & even provide Business Incubators.
- Assist with all your application procedures.
- Assist all your approvals, permits & licenses & International placement.
- Train your team and support your wage management.
- Superior solutions for your troubles & hurdles.