Business Continuity Support Program

Business Continuity Support Program
  • Details
  • How To Apply
  • Terms and Conditions
  • FAQ's

Following the Royal Directive of His Majesty King Hamad bin Isa Al Khalifa, to unite the national efforts to combat the repercussions of COVID-19 and the impact it had caused on economic levels, Tamkeen launches the Business Continuity Support Program to offer financial support to adversely affected small and micro enterprises. This comes as part of the economic stimulus packages announced by the Government of Bahrain.

Eligibility Criteria

 

  • Active CR/valid license
  • Micro and small enterprises (up to 50 employees)
  • Based and operating in Bahrain
  • Employees should be registered under SIO/LMRA
  • Provides audited financial statement or inhouse management accounts for 2019 (if available)
  • Enterprises should not be owned more than 50% by the Government
  • Enterprises should not have active LMRA offenses
  • Enterprises should not have active violation (s) with Tamkeen/LMRA.
  • Enterprises’ operations are adversely affected by the repercussions of COVID-19.

 

 

Required Documents

 

  • Rental Contract
  • Last 3-months Electricity & Water Bill
  • Last 3-months Bank Statement
  • Audited Financial Statement and/or inhouse management accounts for 2019 (if available)
  • Evidence that proves the enterprise is adversely affected by COVID-19

  1. Create and activate your online account through Tamkeen’s portal (www.tamkeen.bh)
  2. Log in to your account and register your enterprise under ‘My Companies’
  3. Provide your IBAN details
  4. Create and submit the ‘Business Continuity Support Program’ application
  5. Application will be verified and evaluated
  6. Upon approval, the first payment will be transferred to your bank account
  7. Submit a payment request along with the supporting documents for the second and third payment
  1. To be entitled to receive Tamkeen’s support, the Enterprise must have obtained the Support Approval which as a priority shall be disbursement towards the workers wages and the rent of the Enterprise. Where the actual cost of the workers and the rent is less than support amount stated, the Enterprise may utilize the remaining support towards other operating costs of the Enterprise
  2. If the Enterprise is exempted from any amounts, costs or expenses related to Tamkeen’s support, Tamkeen shall be notified
  3. The Enterprise shall disclose to Tamkeen about any support, in whole or part, by a public or private body including discounts, promotional offers and additional services
  4. The Enterprise must be Active during the Contract period and disclose any change occurring in the Enterprise’s legal status or commercial address or number of workers during the Contract period. In such cases Tamkeen must be notified within no later than ten (10) days from occurrence of such change
  5. The Enterprise shall provide the required documents to prove its entitlement to Tamkeen’s support by submitting receipts, cheques or proof of bank or electronic transfer or any other proofs as per Tamkeen’s sole discretion. Tamkeen has the right not to pay any amounts and automatically cancel the Contract in case the conditions related to the entitlement of the support amount are not fulfilled or in case the required documents are not submitted and demand the reimbursement of any amounts paid
  6. The Enterprise shall, within no later than four (4) months from the issuance of the Support Approval, submit the Program’s supportive documents, otherwise, both the Support Approval and Contract shall be deemed as cancelled
1.What is Business Continuity Program?
2.Who is eligible to benefit?
3.How to apply?
4.What are the required documents to apply for the program?
5.What are the required evidential documents?
6.How is the grant amount determined?
7.What are the required documents to request for a payment?
8.What happens if my enterprise does not have a bank account?
9.How long is the contract?
10.Can I benefit if I have previously benefited from any of Tamkeen’s programs?
11.Can I benefit from Tamkeen’s other programs, besides the Business Continuity Support?
12.For how long is the program active?
13.What if my CR/License legal status changes?
14.Are virtual CRs eligible for the support?
15.What companies do not meet the eligibility criteria?