Shura to Debate Two Key Bills on Investment Guarantees and Training
TDT | Manama
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Two major legislative proposals will be debated by Bahrain’s Shura Council on Sunday, covering foreign investment rules and labour market reform.
In the first proposal, a draft law requiring limited liability companies with foreign partners to deposit an irrevocable BD30,000 bank guarantee for the lifetime of the business has been strongly opposed by the Council’s Financial and Economic Affairs Committee.
The committee argued that the measure would increase business costs, discourage foreign investment, and place additional pressure on small and medium-sized enterprises. It also said the proposal lacks proportionality based on company size and sector, and does not align with Bahrain’s long-term economic strategy focused on competitiveness and attracting investment.
The draft, which seeks to amend the Commercial Companies Law, will still be debated by the Shura Council despite the committee’s recommendation for rejection.
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