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FAQ

SME's Development
  1. ​Creating a business-friendly entrepreneurship ​environment.
  2. Coordination between the relevant entities involved in the development of small and medium-sized enterprises and entrepreneurs.
  3. Participating in training programmes for entrepreneurs.
  4. Reviewing small and medium-sized enterprises’ current status and highlighting any issues in order to coordinate with the related entities and find appropriate solutions.
  5. Business Incubators and Accelerators activity licensing and following up on their performance.
  6. ​​​Incubated startups licensing in the incubators.
  7. Supervising the process of registering SMEs in the SMEs registration system.
  8. Issuing the SMEs classification certificate.​
  1. With government support and the encouragement of The Ministry of Industry, Commerce, and Tourism, the private sector has invested in the business of incubators and accelerators, which are considered important and effective mechanisms for the development of start-ups. MOICT has launched a business incubators and accelerators licence.
  2. Business incubators and accelerators provide support services to entrepreneurs and start-ups for a specific incubation period, such as joint work areas, guidance, mentoring, marketing, business planning, finance, and public relations.

It is an online system that allows you to obtain the “SMEs Classification Certificate” which is an official certificate approved by the Ministry of Industry, Commerce and Tourism which indicates the size of your enterprise.​

  1. ​Visit MoICT website and access the SMEs Page.
  2. Select SMEs Registration System.
  3. Select SMEs registration service and log in using your E-Key.
  4. Select the branch to be classified.
  5. Fill in the information and submit the required documents.
  6. You will be notified via emails after submission and once the application is approved.

After approval, revisit the application page to view/print the classification certificate.​

  • Micro Enterprises: 

    - Business Bank statement for the last 3 months, or

    - Annual Audited Financial Report
  • Small Enterprises: 

    - Business Bank statement for the last 3 months and In-house Financial Report, or

    - Annual Audited Financial Report
  • Medium Enterprises: 

- Annual Audited Financial Report​

  • 10% advantage in the biddings for the Government Tenders. *
  • 10% advantage in the biddings for the auctions of public utilities that are held within the establishments of government departments. *
  • Benefit from the allocation of 20% of the value of government procurements and tenders to small and medium enterprises. *
  • The services and programs of "export Bahrain" including funding support, credit and training.
  • Benefit from the future initiatives of the SMEs Development Board.

     

* In accordance to the Cabinets resolutions (2416-06) & (2516-04)​

A response or change of application status is made within one to two working days.​

  1. Coordinating the work of the SMEs Development Board, which aims to the development of startups as well as SMEs and increase their numbers to create more jobs and contribute to the GDP.
  2. Set and develop mechanisms and plans to develop and encourage SMEs and business incubators to increase their contribution to the national economy.
  3. Conduct research and studies related to SMEs as well as business incubators and provide recommendations in this regard.
  4. Set and develop standards, requirements and classifications for SMEs and business incubators according to the best international practices.
  5. Follow-up on the implementation of strategic initiatives and support programs for SMEs in coordination with the concerned bodies.
  6. Conduct periodic follow-up for the KPIs of SMEs including GDP, exports, and employment, and evaluate it based on its KPIs.
  7. Preparing a database for SMEs in the Kingdom of Bahrain and follow up on its financial and operational position according to the relevant rules and regulations.
  8. Provide guidance and support for SMEs and entrepreneurs through consultation and qualify them through various developmental and training plans.
  9. Follow-up on SMEs related matters to identify problems and obstacles and develop appropriate solutions in coordination with the concerned bodies.
  10. Simplifying and deregulate procedures that regulates SMEs entrepreneurs to create a motivated business environment for this sector.
  11. Cooperate and coordinate with the relevant local, regional and international organization to prepare and present seminars, conferences, workshops and assign field experts in order to enhance the SMEs and entrepreneurship sector.