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If you are interested in hiring a remote team in Bahrain, or even just individual remote employees in Bahrain, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Bahrain payroll solutions. As a Bahrain payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Bahrain. We are confident Rivermate’s payroll solutions Bahrain will help you grow as a business—because now, you won’t have to worry about your payroll solutions Bahrain. We take care of everything payroll!
With Rivermate, you can run Bahrain payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Bahrain payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Payroll tax laws in Bahrain apply to both employers and employees. Although there are no personal income taxes in the country, employees must pay 1% of their wages for unemployment insurance. Local employees must also contribute 7% of their earnings to social security, while expats must contribute 1%.
Employers are required to contribute 12% of a local employee's salary to social security, and 3% of an expat employee's salary. The Bahraini government is considering imposing a corporate income tax, but there is currently no tax on income, sales, transfers, capital gains, or estates unless your company is in the oil and gas industry.
Companies that wish to expand their operations globally have four different payroll options in Bahrain. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Bahrain. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Bahrain payroll outsourcing: Outsourcing your payroll to an Employer of Record in Bahrain, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Bahrain can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Bahrain have different ways of managing payroll. However, most of the options you have for running payroll in Bahrain are either expensive or require establishing a subsidiary in Bahrain. The cheapest, most efficient, and most reliable payroll processing system in Bahrain is by outsourcing payroll to Employers of Record (EOR) in Bahrain. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Bahrain. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Bahrain. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Bahrain.
Employers must have reasonable grounds for terminating an employee and offer a notice period.
Private businesses are not required by law to pay a minimum wage. Those employed in the public sector must earn a minimum of 300 BHD (796 USD) per month. The median monthly salary is 1,534 BHD (4069 USD).
Employees receive a holiday bonus equal to 50% of their base monthly salary during the holiday season and a December bonus equal to 50% of base salary after one year of service.
The average workweek is 40 to 48 hours long, with eight hours of labor every day. During Ramadan, Muslim employees work six hours every day. The week runs from Sunday through Thursday.
Bahrain's healthcare system is a mix of state and private providers. Bahraini citizens have access to free or highly subsidized medical care. Foreign nationals have access to the same facilities and physicians, but must pay for treatment, therefore it is highly recommended that they get health insurance. Supplemental health insurance benefits are not often provided by employers, although they may be negotiated in certain circumstances.
Allowances for housing, transportation, and utilities are prevalent in Bahrain. We usually suggest discussing total pay with an employee in Bahrain that includes such allowances; otherwise, an employer will be negotiating numerous components when total compensation is ultimately what counts to both sides.