Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Fama Accounting Services, Office 2294, Building 574 Road 31 Block 611 Al Hamriya, Bahrain
Running a small business in Bahrain is already a full-time job—managing your accounting shouldn’t be. That’s why we offer professional, affordable, and fully NBR-compliant accounting services tailored to the needs of Bahrain’s startups, freelancers, and SMEs. From accurate bookkeeping and payroll processing to quarterly VAT returns and financial reports, we handle the numbers—so you can focus on growth.
With a deep understanding of Bahrain’s financial regulations, labor laws, and VAT framework, our accounting experts ensure your business stays ahead of deadlines and avoids costly penalties. Whether you’re just getting started or scaling fast, we bring the systems, strategy, and support to help you operate with clarity and confidence.
Join over 1,000 businesses across the Kingdom who trust us to manage their finances. No hidden fees. No confusing spreadsheets. Just clear, proactive accounting that helps your small business stay compliant, save money, and thrive.
Small businesses are the backbone of Bahrain’s economy, but far too many rely on outdated methods or underqualified freelancers to handle their books. With rising VAT complexity, shifting regulations, and growing competition, it’s no longer just about keeping records—it’s about making strategic financial decisions.
Our small business accounting services in Bahrain are built specifically for entrepreneurs, founders, and SMEs who want to scale responsibly and stay compliant from day one.
| Feature | Our Firm | Generic Provider |
|---|---|---|
| Bahrain VAT Compliance | ✅ Full NBR-aligned reporting | ❌ Often miscategorized filings |
| Software Integration | ✅ Zoho, Tally, QuickBooks, Odoo | ❌ Spreadsheets or outdated tools |
| Small Business Advisory | ✅ Tailored to growth-stage needs | ❌ One-size-fits-all packages |
| Payroll, VAT & Reporting | ✅ In one seamless service | ❌ Fragmented with multiple vendors |
| Strategic Insights | ✅ Monthly dashboards + forecasting | ❌ Static statements only |
📦 Retailers & Ecommerce Startups
🏥 Small Clinics & Dental Practices
👩💻 Freelancers & Creative Professionals
🧑🔧 Construction & Maintenance Providers
🍴 Cafés, Restaurants & Food Trucks
💼 Consulting & Legal Firms
| Package | Price (BHD/Month) | Best For |
|---|---|---|
| Starter | 100 | Freelancers, home-based businesses |
| Growth | 150 | Shops, cafés, small service providers |
| Pro | 250 | Multi-branch retailers, funded startups |
| Add-On: Payroll | +50 | For up to 10 employees |
| Add-On: VAT Advisory | +30 | Strategic planning for VAT optimization |
✔ Bookkeeping
✔ VAT return filing
✔ Monthly financial reports
✔ Compliance with Bahrain NBR regulations
We record all business transactions, reconcile bank statements, and maintain clean ledgers.
Timely filing of VAT returns (monthly or quarterly), VAT registration, refund claims, and zero-rated classification.
Salary calculations, WPS reporting, payslips, employee deductions, and compliance with Bahrain’s Labor Law.
We help you understand where your business is going with monthly projections and variance analysis.
You’ll get clear income statements, cash flow reports, and balance sheets—perfect for banks, investors, or internal decisions.
Behind on your books? No problem. We’ll clean up months or even years of records and make them audit-ready.
| Software | What We Use It For |
|---|---|
| Zoho Books | Cloud-based accounting + VAT invoicing |
| QuickBooks | Simplified SME accounting + reporting |
| Tally ERP | Inventory-heavy operations + advanced ledgers |
| Xero | Startups, multi-currency businesses, real-time view |
| Excel/Google Sheets | Budgeting, forecasts, and ad hoc reporting |
We also integrate with POS systems, ecommerce platforms, and CRMs.
Client: Local F&B chain with 3 branches
Challenge: Manual record-keeping, missed VAT filings, no payroll system
Solution:
Automated bookkeeping via Zoho
Quarterly VAT filing
WPS-integrated payroll for 25+ staff
Outcome:
Saved over BHD 2,000/year in penalties
Gained control over profit margins
Audit passed in under 3 days
| Mistake | Result |
|---|---|
| Not filing VAT on time | BHD 500–5,000+ in fines |
| Using personal accounts for business | Messy records, disqualified expenses |
| Relying on untrained accountants | Inaccurate books, investor distrust |
| Ignoring payroll deductions | Labor law violations, staff dissatisfaction |
| No cash flow planning | Overdrafts, missed payments |
📈 Makes tax season stress-free
🧾 Helps secure funding and investor confidence
💵 Improves profit margins via expense tracking
🔍 Uncovers revenue leaks and seasonal trends
🧠 Gives you the clarity to scale without surprises
Our accounting practices comply with:
📜 Bahrain Commercial Companies Law
💼 Labor Law for payroll & WPS
🧾 National Bureau for Revenue (NBR)
🌍 IFRS standards for financial reporting
We don’t just keep records—we help you grow smarter.
Business license structuring
Pricing model review
Tax saving strategies
Investor reporting and dashboards
Expansion planning across GCC
Transaction Uploads & Reconciliation
VAT Entry & Classification
Mid-Month Review Call (Optional)
Month-End Financial Reports Sent
Quarterly Planning or Budget Meeting
Everything is cloud-based and accessible from anywhere.
Encrypted document portals
Secure cloud backups
Role-based user access
NDA + data handling policies
GDPR & Bahrain Personal Data Protection Law compliance
Q1: Do I need to be VAT registered to use your services?
No. We support non-VAT and VAT-registered businesses.
Q2: Can I just get help with VAT without bookkeeping?
Yes. We offer standalone VAT filing and review services.
Q3: What if my books are a mess?
We offer cleanup packages that include fixing errors and catching up to date.
Q4: Do you work with startups on investor reporting?
Absolutely. We generate investor-grade monthly reports, burn rate tracking, and cap table support.
Q5: How soon can we start?
We can onboard new clients within 48 hours. Urgent VAT filings? We’ve got you.
Accounting shouldn’t be a burden. It should be a competitive edge.
Let us help your Bahrain-based business run cleaner, scale faster, and stay compliant—without hiring a full finance team.
📞 Call us today: +973-33277381
📧 Email: info@famabh.com
✅ Free initial consultation
✅ Packages built for small business budgets
✅ Trusted by 1,000+ Bahraini businesses
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
Simplify your financial management with our customizable accounting packages:
Best for startups. This plan includes basic bookkeeping and financial reporting to keep you compliant.
Suited for SMEs, offering enhanced financial reporting, payroll management, and budgeting support.
Tailored for larger businesses, providing advanced financial advisory, detailed reporting, and cash flow management.
Read some reviews and success stories from our loyal customers who achieved their goals and how our expert solutions have made a lasting impact on their growth, compliance, and financial clarity. Your success is our greatest achievement!
Client
I am so happy to have chosen this company! Right from the start it was a very easy decision, I knew I am in the right hands. They contacted me with every update they had and always kept me up to date with all the information and steps that we will proceed next.
Client
Highly recommend for anyone looking to establish a company in Bahrain! Waqas Akram and his team made the entire process smooth and stress-free. They were incredibly knowledgeable, responsive, and handled every detail with professionalism.
Client
The team was highly professional, efficient, and knowledgeable. They ensured that all paperwork and procedures were handled smoothly, saving us both time and effort. I highly recommend their services to anyone looking out there.
Client
Abdullah and the team have been great in assisting me with related tasks. In challenging timeframes they've supported me to ensure our company operations can start in Bahrain without any issues. Thank you. I will recommed their services.
Client
I was extremely impressed with their services. Their expertise made everything smooth and hassle-free. I highly recommend Setup in Bahrain for anyone looking for their business here. Their professionalism and commitment to customer satisfaction are top-notch.
With years of experience and a highly qualified team, we bring unmatched expertise and in-depth knowledge of Bahrain’s financial landscape to every service we provide.
With the introduction of Value Added Tax (VAT) in Bahrain, businesses must ensure they are fully compliant with local regulations to avoid fines and maintain smooth operations. Our services ensure:
✅ Accurate VAT calculations and filings.
✅ Error-free bookkeeping for tax audits.
✅ Cost savings through VAT optimization strategies.
✅ Peace of mind knowing your financials are in expert hands.
✅ Improved business credibility and investor confidence.
✅ Seamless regulatory compliance for local and international operations.
Our services cater to businesses of all sizes and industries operating in Bahrain, including:
📌 Small & Medium Enterprises (SMEs) – Streamline accounting processes and tax compliance.
📌 Startups & Entrepreneurs – Affordable and efficient accounting solutions to manage finances.
📌 Retail & E-Commerce Businesses – VAT compliance for online and offline transactions.
📌 Construction & Real Estate Companies – VAT advisory on industry-specific transactions.
📌 Corporate Entities & Large Businesses – Advanced accounting strategies for profitability.
📌 Freelancers & Consultants – Hassle-free tax reporting and financial planning.
📌 Manufacturing & Trading Companies – Optimize VAT compliance on goods and imports.
📌 Service-Based Businesses – Financial management for professional service providers.
📌 Step 1: Consultation & Assessment – Understanding your business needs.
📌 Step 2: Implementation of Accounting & VAT Systems – Setting up cloud-based solutions.
📌 Step 3: Ongoing Compliance & Reporting – Monthly financial management and VAT filings.
📌 Step 4: Audit Support & Advisory – Ensuring full regulatory compliance and business growth.
📌 Step 5: Financial Analysis & Growth Planning – Helping businesses scale with strong financial planning.
🚨 Did you know? Businesses failing to comply with Bahrain’s VAT regulations can face penalties up to BHD 10,000 for late or incorrect filings! Our experts ensure:
✅ Timely VAT returns & error-free financial statements.
✅ Accurate record-keeping for VAT reclaims & audits.
✅ Guidance on VAT-exempt and zero-rated transactions.
✅ VAT risk assessment & compliance checks to avoid fines.
✅ Optimized tax strategies to enhance profitability.
✅ Assistance with government tax incentives and rebates.
🔹 Certified Accountants & VAT Specialists with deep industry expertise.
🔹 Customized Accounting & VAT Solutions for every business.
🔹 Reliable, Transparent, and Affordable Services.
🔹 100% Compliance Guarantee with Bahrain’s financial laws.
🔹 Cloud-Based, Secure, and Efficient Accounting Processes.
🔹 End-to-End Financial Support from Bookkeeping to Tax Advisory.
🔹 Trusted by Hundreds of Businesses Across Bahrain.
Accounting is not just about tracking income and expenses; it plays a key role in a company’s success by:
Ensuring compliance with Bahrain’s financial laws and regulations.
Providing accurate financial insights for informed decision-making.
Helping businesses optimize tax planning and VAT compliance.
Enhancing transparency and credibility with investors and stakeholders.
Supporting business growth through strategic budgeting and forecasting.
Whether you handle accounting in-house or outsource accounting services in Bahrain, having a well-structured accounting system is non-negotiable for success.
✅ Expert Accountants & VAT Specialists – We handle everything from bookkeeping to VAT filing.
✅ 100% Compliance with Bahrain’s Tax Laws – Avoid penalties and late filings.
✅ Accurate & Transparent Financial Reporting – Essential for decision-making and audits.
✅ Cost-Effective & Scalable Solutions – Tailored accounting services for businesses of all sizes.
✅ Cloud-Based Accounting & VAT Automation – Secure and efficient financial management.
✅ Industry-Specific Expertise – Customized solutions for various business sectors.
✅ Dedicated Support – Personalized assistance for financial planning and compliance.
Various regulatory bodies govern Bahrain’s accounting landscape, ensuring businesses adhere to financial reporting and compliance requirements.
| Regulatory Authority | Role in Accounting Compliance |
|---|---|
| Ministry of Industry & Commerce (MOIC) | Oversees business registrations, financial regulations, and commercial compliance. |
| Central Bank of Bahrain (CBB) | Regulates financial institutions, banks, and investment firms in Bahrain. |
| National Bureau for Revenue (NBR) | Governs VAT registration, compliance, and reporting. |
| Bahrain Commercial Companies Law (BCCL) | Mandates financial record-keeping, audits, and reporting for companies. |
| International Financial Reporting Standards (IFRS) | Global accounting standard applied in Bahrain for financial transparency. |
Key Takeaway: Businesses operating in Bahrain must maintain accurate accounting records, submit periodic financial reports, and comply with VAT regulations to avoid penalties.
Bahrain follows International Financial Reporting Standards (IFRS), ensuring businesses align with global best practices. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards also apply to Islamic finance institutions operating in Bahrain.
| Accounting Standard | Applicable Businesses |
| IFRS | Public companies, multinational corporations, financial institutions |
| IFRS for SMEs | Small and medium enterprises (SMEs) |
| AAOIFI | Islamic financial institutions |
Companies are required to maintain financial statements, including balance sheets, income statements, and cash flow reports, adhering to IFRS principles.
Businesses in Bahrain can benefit from a range of accounting services that streamline operations and ensure compliance.
Accurate bookkeeping ensures every financial transaction is recorded properly. This includes:
Recording daily transactions.
Managing accounts payable and receivable.
Reconciling bank statements.
Bahrain implemented VAT (Value Added Tax) at 10%, requiring businesses to:
Register for VAT with the National Bureau for Revenue (NBR).
File VAT returns on time to avoid penalties.
Maintain proper VAT invoicing and compliance documentation.
Efficient payroll management ensures timely salary payments while complying with Bahrain’s labor laws.
Monthly salary processing.
End-of-service benefits calculation.
WPS (Wage Protection System) compliance.
Businesses must maintain annual financial statements for tax reporting and auditing purposes.
Preparation of balance sheets, profit & loss statements, and cash flow reports.
Conducting internal and external audits.
Ensuring compliance with MOIC and CBB regulations.
Many businesses in Bahrain use accounting software like:
Zoho Books (for SMEs & startups)
QuickBooks (for cloud-based accounting)
Tally ERP (for large enterprises)
Odoo ERP (for automated accounting & reporting)
Solution: Work with an experienced accounting firm in Bahrain to stay updated on new tax laws and compliance regulations.
Solution: Use automated accounting software or outsource VAT compliance to professionals.
Solution: Implement cloud-based payroll systems to ensure error-free salary processing.
Solution: Conduct periodic audits and use standardized accounting frameworks like IFRS.
Yes, businesses with an annual turnover above BHD 37,500 must register for VAT in Bahrain.
Zoho Books, QuickBooks, Tally ERP, and Odoo are popular choices for Bahrain companies.
Yes, all businesses in Bahrain must undergo an annual external audit as per the Bahrain Commercial Companies Law.
Yes, many businesses choose to outsource accounting in Bahrain to specialized firms for cost efficiency and compliance.
Bahrain has adopted the Bahraini Accounting Standards (BAS), which are aligned with the International Financial Reporting Standards (IFRS). These standards ensure consistency, transparency, and comparability of financial statements across businesses.
Most businesses in Bahrain are required to prepare their financial statements in accordance with IFRS. These globally recognized standards enhance the credibility of financial reports and facilitate international business operations.
Bahrain’s taxation system is relatively simple compared to other countries. Key taxes include:
Value Added Tax (VAT): Introduced in 2019, VAT is levied at a standard rate of 5% on most goods and services.
Corporate Tax: Bahrain does not impose corporate tax on most businesses, except for oil and gas companies, which are subject to a 46% tax rate.
Withholding Tax: A 5% withholding tax is applied to royalties, interest, and other payments made to non-residents.
Whether you’re a small business or a multinational company, having accurate, compliant, and strategic accounting in Bahrain is essential for success. From VAT compliance and bookkeeping to financial reporting and auditing, the right accounting partner can save you time, money, and legal troubles.
Get Started Today! If you need expert accounting in Bahrain, contact us for a free consultation and discover how our tailored services can benefit your business.
Minimize risks and maximize growth with our comprehensive accounting solutions in Bahrain.
With a reputation for precision, and excellence, we are here to support your business growth while ensuring compliance with Bahrain’s financial and regulatory standards.
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Accounting, VAT, & Audit Services by famabh