Business Development

  • Details
  • How it works
  • Terms & Conditions
  • FAQ's

The Business Development Program can help Entrepreneurs to achieve their goals and turn their business ideas into reality. This program is a co-financing service that offers a grant that covers 50% of the approved items/service cost required up to a cap. Tamkeen will determine a grant amount to support the company after reviewing its business requirements.

The grant can be used across various business areas:
Machinery & Equipment
• Information & Communication technologies (ICT)
• Marketing & Branding
• Participation in Exhibitions
• Business Consultancy
• Quality Improvement & Certification

Eligibility Criteria
Any Startup with an active commercial registration in Bahrain can apply to get the grant support.

  • Steps to apply:
    1.Create an account for your company by registering through our website and activate it by visiting any of our branches.
    2. Review your company profile to make sure that all the information is updated.
    3. Fill in and submit the application form
    4. Tamkeen staff will visit your premises if needed
    5. Tamkeen will conduct an evaluation to discuss your application and finalize your action plan
    6. Submit all relevant quotations/proposals along with a security cheque so we can proceed with issuing the final approval
    7. Submit the proof of payments upon the delivery of your products / service(s).
    8. If you have applied for the Machinery and Equipment, ICT, or Marketing schemes a post-delivery inspection will be conducted.
    9.Payments will be issued to your bank account after the post-delivery inspection

    Documents required:
    1.Smart Card of Authorized / Primary Signatory)
    2. Last month’s Bank Statement for the main business account
    3. LMRA Violation Report
    4.LMRA Receipt
    5.Last month’s Electricity and Water Bill

    6. Last month’s Social Insurance Organization (SIO) Bill
    7. Audited financial statements
    8.Quotations / proposal depending on the selection of the products / services requested


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Application Process

  1. The applying entity must have an active Commercial Registration or License
  2. The applying entity must be based in Bahrain
  3. The applying entity must possess an active bank account and Electricity & Water bill from (EWA)
  4. The applying entity must have no offenses with LMRA and possess records of monthly payments
  5. The applying entity will contract duration per applying entity is 3 years
  6. Quotations must be provided and submitted prior to, or on the agreed due date
  7. Civil works, infrastructure, furniture, and fixtures are not supported under the business development services

Assessment Process

  1. The owner and/or authorized signatories only are permitted to attend the assessment meetings
  2. Tamkeen preserves the right to disapprove any products/services that are not aligned with the applying entity’s principle business activities
  3. The applying entity must attain the best prices of products/services available in the market
  4. Tamkeen has the right to disapprove any products/services that does not meet the nature nor complexity of the business
  5. If deemed necessary, the applying entity must submit any supporting documents requested during the assessment meeting
  6. The owner and/or authorized signatory must provide information that are true and justify the need for products/services during the assessment meetings

Payment Process

  1. Quotations must be executed within the first 3 months of the signed action plan
  2. Tamkeen shall pay 50% to the Applicant/Vendor upon receiving proof of payment documents equivalent to 50% of the project value and upon the delivery of item(s) in the case of local vendors
  3. The applying entity shall pay 100% and Tamkeen shall reimburse 50% to the applying entity following the submission of proof of payment documents and delivery of item(s) in the case of international vendors
  4. The applying entity is prohibited to commit to payment in any form prior to the unconditional approval
  5. Payment in cash is strictly prohibited

* For further information, please refer to Business Development Services “Standard Contract”

1.What is the enterprise support program Business Development?
2.What does the program cover?
3.What is the eligibility criteria required to apply for the program?
4.How much is the support amount?
5.Can I apply if I previously benefited from any of Tamkeen’s enterprise support programs?
6.How and where can I apply?
7.What do I need to prepare before I apply?
8.What documents do I need to upload with my online application?
9.What is the full list of questions of the online application?
10.Can I stop in the middle of the application and return to it later?
11.Can stages of application be skipped?
12.How long does it take to fill up the application form?
13.I need help filling out the application form, what do I do?
14.I do not have access to a scanner, how will I upload the required documents?
15.Do I have to provide 3 quotations?
16.What happens after I submit my application?
17.Who should attend the evaluation meeting?
18.What is an action plan?
19.What if I do not agree with the action plan?
20.Is the action plan considered as my final approval?
21.Where do I collect the final approval? do I need to present anything?
22.When can I pay for the items / services?
23.Can I amend my request after it has been approved?
24.If I own more than one business, can i submit more than one application?
25.How long is the contract period? when can I re-apply?