Business Development

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

The Business Development Program is a co-financing program that provides financial grants to aid growth and development within enterprises located in Bahrain. Tamkeen shall cover up to 50% of the cost for approved items/services based on the grant allocated to your enterprise. The grant allocated shall be determined by the enterprise's business requirements.

The grant provided can be utilized across the following support schemes offered by the program:

 

Depending on your enterprise size and requirements we have the following Business Development tracks to suit your needs:

  • Start-Ups - For enterprises who have been in operations from 0 to 4 years
  • SMEs - Designed for all enterprises who have been operating for more than 4 years.

To accommodate the flexibility required for Sijil, 5K and Start-Up tracks we have introduced a new feature called the Add-On Request. Please click here for more information about Add-On Requests.

Any enterprise with an active commercial registration or license in Bahrain may apply to the program. For more information with regards to the program's eligibility criteria, please click here.

To Apply:

Step 1: You create and activate an account through Tamkeen’s portal.

Step 2: Login to your account & click on ‘My Companies’ link in the menu to add your Company details to the portal and to verify that your Commercial Registration or License is eligible for the program.

Step 3: Click on ‘Business Development’ to view the drop-down sub-menu & click on ‘New Application’ to access, fill and submit the online application form.

 

Documents we need:

  • Copy of Authorized Signatory's Smart Card
  • Last Month's Bank Statement from the Main Business Account
  • Last Month's Electricity & Water Bill (Not required for Sijili applicants)
  • Quotations for the Item(s) and/or Service(s) Requested






General

  1. In case of any legal changes to the Enterprise such as commercial name, enterprise type, registered address, legal status, Tamkeen must be notified in writing with supporting documents.
  2. After the lapse of Eighteen (18) months from the Contract start date, Tamkeen will contact the Enterprise to measure the impact of its support.
  3. If no violations have been committed by the Enterprise, at the end of the Contract period the Enterprise may collect any security documents submitted from Tamkeen’s Customer Service Center.
  4. If the Enterprise wishes to withdraw during the Contract period, Tamkeen must be notified in writing with supporting documents. The Enterprise is obligated to pay back any financial support received from Tamkeen.
  5. Any leasing, selling, transfer of ownership or non-utilization of the approved item(s) and/or service(s) is considered as a violation during the Contract period.
  6. If any of the supported item(s) has been damaged, malfunctioning, stolen or lost during the Contract period, Tamkeen must be notified in writing with supporting documents.
  7. VAT charges shall not be supported by Tamkeen. Support is limited to the actual cost of the item(s) and/or service(s) approved.

 

 

Application

  1. The Enterprise must have an active Commercial Registration or License.
  2. The Enterprise must be based in the Kingdom of Bahrain.
  3. The Enterprise must possess an active bank account and Electricity & Water bill from the Electricity and Water Authority in the Kingdom of Bahrain (EWA).
  4. The Enterprise must have cleared any offenses with the Labour Market Regulatory Authority (LMRA) and possess records of monthly payments.
  5. To benefit from the Business Development Program, a mandatory three (3) year Contract duration must be accepted by the Enterprise. 
  6. Quotations must be submitted by the set due date.
  7. Civil works, infrastructure, furniture and fixtures are not supported under the Business Development Program.

 

Assessment

  1. Only the owner and/or authorized signatories are permitted to attend the assessment meeting.
  2. Tamkeen reserves the right to disapprove any item(s) and/or service(s) that are not aligned with the Enterprise’s registered business activities.
  3. Tamkeen reserves the right to disapprove any item(s) and/or service(s) that do not meet the needs of the Enterprise.
  4. It is the Enterprise’s responsibility to ensure that all submitted quotations reflect the most optimal market prices.
  5. If deemed necessary, the Enterprise must submit any supporting documents requested during the assessment meeting.
  6. The owner and/or authorized signatory of the Enterprise must provide information that is accurate and complete to the best of their knowledge.

 

Payment

  1. In the case of local vendors, Tamkeen shall pay up to 50% of the total cost of item(s) and/or service(s) to the Enterprise or Vendor upon receiving proof of payment documents and upon the delivery of item(s) and/or service(s) provided that it is inline with the Support Approval.
  2. In case of international vendors, the Enterprise shall pay 100% of the total cost of item(s) and/or service(s) and Tamkeen shall reimburse up to 50% to the Enterprise upon receiving proof of payment documents, and upon the delivery of item(s) and/or service(s) provided that it is in line with the Support Approval. Tamkeen shall reimburse 100% for all Cloud Computing services up to the approved Grant Amount stated in the Support Approval. 
  3. Tamkeen reserves the right to reject any payment made prior to the application submission date, with the exception of Exhibition Participation payments made within one year prior to the application submission date.
  4. Payment in cash is strictly prohibited, payment requests for cash payments will not be accepted under any circumstances.  

 

*For further information, please refer to the Business Development Program’s “Standard Contract”.

1.Who is eligible to apply for Business Development Program?
2.What is the size of the grant?
3.Can I apply to the program even if I am currently benefiting or have benefited from another of Tamkeen’s Enterprise Support programs?
4.When can I re-apply to the Business Development program?
5.How do I apply to the Business Development program?
6.What information do I need prepared before I apply?
7.What documents do I need to upload with my online application?
8.How long does it take to fill up the application form?
9.I need help filling out the application form, what do I do?
10.What happens after I submit my application?
11.What is a Virtual Site Visit?
12.How does a Virtual Site Visit work?
13.Who should attend the Assessment meeting?
14.What is a Support Approval?
15.What happens if I do not agree with the Support Approval?
16.Can I amend my Support Approval after it has been confirmed?
17.How long is the contract period?
18.How much time do I have to utilize my grant?