How to open a bank account in Bahrain Development Bank (BDB)

• the bank was founded in 1992 and is focused on small and medium business;
• the bank only opens corporate accounts for companies older than 6 months;
• the bank only opens accounts for local companies registered in Bahrain, and personal accounts also only for residents of Bahrain;
• to open an account for a foreign company will require the opening of a branch in Bahrain;
• minimum deposit to open an account BHD 6 000* (~ USD 15 920);
• personal visit of founders and account signatory in Bahrain is required to open the account;
• the main currencies available: BHD, USD, EUR, but you must first open an account in the local currency;
• bank cards and chequebooks are available;
• pre-approval is possible before starting the account opening process;
• transfer fee to a foreign bank is ~ BHD 5,5* (~ USD 15);
• Internet Bank in English;
• time of account opening: about 1-2 weeks

*Rates are approximate as they may eventually vary depending on the service program chosen by the client in the bank