New Agreement Gives Start-ups in Bahrain Access to Vital Support

Al Tamimi & Company, the leading law firm in the region, has signed a memorandum of understanding with Bahrain FinTech Bay – one of the largest and most dynamic FinTech hubs in the Middle East. The agreement reflects the long-standing mutual collaboration between the law firms Bahrain office and the business incubation hub.

As part of the collaboration, Al Tamimi & Company will host legal ‘drop-in’ clinics for start-up and scale-up entities operating in or targeting Bahrain, providing important insights and advice on the legal landscape. Businesses will benefit from support, mentoring and advice that is vital when a business is at the all-important inception stage.

The Bahrain office of Al Tamimi & Company has been heavily involved in the start-up space (with a particular focus on the FinTech sector) since 2017, including; providing mentoring sessions, coaching sessions, legal support and advice on key topics such as corporate structuring; raising funds; protecting intellectual property; employment issues; and preparation of commercial agreements.

Rad El Treki, Partner, Head of Corporate Structuring – Al Tamimi & Company, Bahrain said:

“This agreement facilitates legal access, support and guidance to cohorts of innovators within FinTech Bay’s state of the art facility, and forms part of its wider program of acceleration support and educational curation. We are delighted to provide access to our broad spectrum legal expertise to businesses starting on their journey.

“Bahrain’s long history as a regional pioneer, its culture of innovation, its agile legal framework, and its position as the gateway to the GCC states, perfectly positions the Kingdom as an ideal launchpad for regional start-ups and the torchbearer in facilitating a populous start-up community to lead the way in the FinTech space”.

Suzy Al Zeerah, Chief Partnerships Officer at Bahrain FinTech Bay, commented:

“We are pleased to have Al Tamimi & Company provide legal access, support, and guidance to our portfolio of start-ups and scale-ups in Bahrain and across the wider region. Working together with Al Tamimi & Company will add value by adding a legal perspective to our start-ups acceleration and incubation services, It also aligns with our mandate of fostering innovation in the Kingdom through our various programs, from acceleration, incubation, and education.”

Bahrain FinTech Bay has been pivotal in developing and facilitating the Start-Up ecosystem in the Kingdom. The arrangement with the FinTech hub is of strategic importance to Al Tamimi & Company Bahrain, as it augments the law firms commitment to work with and facilitate start-up and scale-up FinTech entities in line with Bahrain’s objective of cementing itself as a leading regional hub for start-ups.