The new amendment sought a major change in the working of the Single Person Companies, Single Person Companies or SPC'S do not exist anymore in Bahrain. According to the amendment SPC's are to be merged With Limited Liability Companies, WLL.
Therefore, Single Person Companies in Bahrain are to be converted to a W.L.L. There is a fixed time frame for this conversion which is six months. This time frame is in accordance with the date of announcement of the amendment.
This implies that a Single Person Company is no longer recognized as a part of the legal structure in Bahrain. The conversion of SPC's will be done by the Ministry of Industry, Commerce and Tourism into Limited Liability companies. These Single Person Companies will be required to amend the trade name, company logo, any advertisement and official papers within six months.