Why Tamkeen Assistance Is Crucial For Businesses In Bahrain

Starting a business in Bahrain is an exciting journey filled with opportunities and challenges. As the government focuses on economic diversification, Tamkeen (the Labour Fund) plays a vital role in empowering startups and significantly enhancing their chances of success. At Dhiya and Thomas Management Consultancy, we are committed to helping entrepreneurs navigate this landscape and leverage Tamkeen's invaluable resources. Here’s why Tamkeen's assistance is crucial for budding entrepreneurs in Bahrain.

TAMKEEN'S ENTERPRISE SUPPORT PROGRAM

The Enterprise Support Program is designed to provide comprehensive support to entrepreneurs and businesses, fostering growth and competitiveness in the market. This program offers grants covering up to 50% of the total costs for specific approved items. Key areas supported by these grants include:

1. Machinery and Equipment: 

Investing in advanced machinery and equipment is essential for businesses looking to enhance productivity and efficiency. The Enterprise Support Program assists in acquiring the necessary tools to remain competitive in your industry, helping you achieve operational excellence.

2. Technology (Software, Services, Hardware):

In today’s digital age, keeping up with the latest technology is crucial. The program supports the acquisition of essential software, services, and hardware, enabling businesses to harness technological advancements and streamline operations for greater effectiveness.

3. Marketing and Branding (Products and Services):

Effective marketing and branding are vital for reaching a broader audience and establishing a strong market presence. The program helps businesses develop robust marketing strategies and branding initiatives, enhancing visibility and attracting more customers to your offerings.

BAHRAINI WAGE SUPPORT PROGRAM

The Bahraini Wage Support Program is a strategic initiative aimed at encouraging private sector enterprises to hire Bahraini nationals. This program provides wage support for up to three years, facilitating the employment of Bahraini graduates (with less than 24 months of experience) and job seekers nominated by the Ministry of Labour.

1. Supporting Bahraini Graduates and Job Seekers:

One of the primary goals of this program is to bridge the gap between education and employment for Bahraini graduates. By offering wage support, it makes it financially feasible for companies to hire fresh graduates, providing them with valuable work experience and helping them integrate into the workforce.

2. Enhancing Enterprise Productivity:

By facilitating the employment of local talent, the Bahraini Wage Support Program boosts enterprise productivity. It ensures that businesses have access to the skills and expertise necessary for growth, while contributing to the overall economic development of Bahrain.

How Dhiya and Thomas Management Consultancy Can Help

Tamkeen's multifaceted support system is not just a safety net for startups; it acts as a catalyst for their growth and success in Bahrain’s competitive landscape. By providing financial assistance, training, and employment opportunities, Tamkeen empowers entrepreneurs to transform their innovative ideas into thriving businesses.

At Dhiya and Thomas Management Consultancy, we have been a trusted partner for businesses in Bahrain since 2015 and are an approved service provider by the Ministry of Industry and Commerce. We specialize in helping startups navigate Tamkeen's programs and maximize their benefits.

Contact us today to get the latest information about Tamkeen and learn how we can assist you in leveraging its resources to ensure your business thrives in Bahrain's dynamic environment.