What Does WLL Mean – vizeraconsultancy.com

What Does WLL Mean?

"The term WLL stands for With Limited Liability, referring to a company structure where the liability of shareholders is limited to their investment in the business.WLL is an acronym for a Limited Liability Company (LLC) in Gulf nations like Bahrain.This business structure provides flexibility and protection for shareholders, making it a popular choice for entrepreneurs and investors."

CR Bahrain

What is CR in Bahrain?

In Bahrain, CR stands for Commercial Registration. It is a mandatory requirement for all businesses operating in the Kingdom.Commercial Registration (CR) is the official authority issued by the Ministry of Manufacturing, Commerce, and Tourism (MOICT). It serves as proof that a business is legally registered and permitted to operate within Bahrain.

Why is CR Important?

Mandatory for Businesses: All businesses must obtain a CR to legally conduct activities.
Issued by MOICT: Successful applicants receive a CR certificate from MOICT.
Enables Operations: A valid CR allows businesses to commence their registered activities.

CR Number in Bahrain

In Bahrain, every registered company is assigned a unique identification number known as the CR Number. This number is issued by the Ministry of Industry, Commerce, and Tourism (MOICT) after the successful reservation of a business name. The CR Number serves as the official identifier for a company and is essential for legal and operational purposes.

CR Statuses in Bahrain

A Commercial Registration (CR) in Bahrain can have the following statuses:

Active: The business is fully operational and compliant.
Active Without License: The business is registered but lacks the required operational license.
Deleted With Payment: The CR has been canceled, but outstanding payments have been settled.
Deleted by Law: The CR has been canceled due to legal reasons.
Deleted by Law Without License: The CR has been canceled by law, and the business did not possess an operational license.

What Is the Full Form of WLL?

WLL stands for With Limited Liability.The term WLL is commonly used in Bahrain, Kuwait, Qatar, Saudi Arabia, and the UAE to describe Limited Liability Companies (LLCs). This structure provides legal protection to shareholders while allowing flexibility in business operations.