Qatar is now considered to be one of the fast-developing economies in the Middle East, powered by its energy and petroleum resources, the long-lasting outcomes of hosting FIFA World Cup 2022, and also for the Qatar National Vision for 2030. For international investors and foreigners who are seeking to register or start their business in Qatar, The Qatari authorities offer a range of advantages like tax exemptions, Easier Licensing process and support for the foreign ownership in many businesses.
Whether that you're considering establishing a business in Qatar or want to start up new operations, Qatar affords exceptional options for long-term growth and global presence. Dealing with the local laws and reforms need also an organization Like Elite Projects to help you in this process for compliance and time and money saving.
Are you planning to start your company in Qatar?
The initial step to take is to decide which sector you will be putting up as your business. Specific industries are allowed to hold a certain part of a company.
There are different types of private business in Qatar:
Sole Proprietorship
Owned and managed by one individual who is personally and legally responsible for all aspects of the business.
100% Qatari Organization
Owned by a Qatari only. There is no authorized signatory unless a signatory has a Power of Attorney from the owner. All responsibilities and management is handled by the Qatari owner.
100% Qatari Owned WLL (With Limited Liability)
Owned by a Qatari only. There can be authorized signatories by approval from the owner without having power of attorney. Liability will be based on the capital or company assets
51% Qatari Owned WLL (With Limited Liability)
For the other industries, WLL (With Limited Liability) type of business is the set up wherein foreigners and international investors, are only allowed to hold 49% of the company. Thus you will need to set up a joint venture, with a local Qatari shareholder holding at least 51% of the company. Should want to know how to find a corporate partner for your business, click here.
How to start a business in Qatar as a foreigner?
100% Business Ownership
Foreign investors are now permitted to establish and operate their businesses with 100% ownership, eliminating the previous requirement of having a local sponsor. This applies specifically to activities that are classified as eligible under the approved business sectors.
Types of Entities Eligible for 100% Foreign Ownership:
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Limited Liability Company (LLC)
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Branch Office
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Trade Representative Office - For marketing, promotion activity without any involvement in commercial operations.
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Free Zone Company - Qatar Science & Technology Park (QSTP), Qatar Financial Centre (QFC), Qatar Free Zone Authority (QFZA).
Starting a business in Qatar with Elite Projects
Booking of Company Name
Trade License
Article of Association
Computer Card
Commercial Registration
Corporate Bank Account
Why Choose Elite Projects Qatar for Company Formation?
Starting a company in Qatar is very promising , but for investors and foreigners dealing with the whole process may come with difficulties. Starting from selecting the right local sponsorship outside free zones to managing dense government documentation. Business owners will find company formation in Qatar consumes their time and money. Also, there is a need to verify that labor and tax laws are met, in addition to having any language or cultural barriers that can cause delays in starting a business.
Elite Projects has the experience and expertise to advise customers on the suitable company type taking into account the laws of the land and the unique customer’s needs. We have the experience having handled different industries and geographies across the Middle East. Elite Projects has a core team of experts who are geared up to give you the steps in setting up your own business in Qatar from A-Z. Check our beloved clients' feedback for more information, here.
We have been in this business since 2002. Our aim is to provide the best business solution tailored fit to the client's interest. Along with our consultancy regarding your business, we are also one of the leading companies to guide you through the documentations that you will be needing for company formation process in Qatar by our PRO Services.
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