Executive summary
The Central Bank of Bahrain (CBB) has published a reporting template and guidance notes for economic substance requirements that apply to licensees engaged in regulated activities in line with its November 2018 Directive. The Ministry of Industry, Commerce, and Tourism (MOICT) has issued similar guidance for non-regulated commercial activities.1
Detailed discussion
The guidance sets out reporting requirements and confirmations to be made by licensees engaged in such activities tha…