Qatar is a prominent Arab country, whose territory consists of dry desert and long Persian (Arabian) Gulf Coast and coastline. The coastal capital of Doha also has future skyscrapers and other ultramodern architectures inspired by ancient Islamic designs, such as the Limestone Museum of Islamic Art. The museum sits on the outskirts of the waterfront in the city's Cornish.
Business set up in Qatar
S & F Consulting Firm
provides professional support to the company in Qatar. Before starting a business in Qatar, you should be aware of the current situation with
the country of your dreams. Qatar is one of the smallest Gulf countries in
terms of population and regional area, but is the world's second-largest gas
supply with more than 5% of the world. In addition to growing and expanding the
economic system, the success of natural resources means extraordinary access to
investment opportunities and rewards. The Qatari government has changed its
policy of expanding income sources and creating economic opportunities. The
Qatari Economic System is one of the growing financial systems that provide a
wide variety of world-class and modern products and services to the global
community.
Investors should know the
economic law before going into a setup Company in Qatar. The government's
economic development strategy has been extremely successful and has been
instrumental in creating a great business environment for investment
incentives, infrastructure, banking services, insurance and political and
social stability.
Foreign participation has been
welcomed for investment in various sectors of the national economy, with 4%
Qataris participation in Qatar. To promote foreign investment in Qatar, the
government has implemented new Foreign Investment Law to approve 100% foreign
ownership in the business sector, including projects for agriculture,
manufacturing, health, education, tourism energy, and the state's natural resources
development and exploitation. However, the law does not allow Qatari to
participate in banking, insurance, commercial or real estate business
activities. Full foreign ownership is also effective for companies registered
under the full zone
Our service
S & F Consulting Firm offers
the following services in Qatar for business arrangements:
- Trade Licenses Renew / New Trade License Registration / Renewal of City License
- Tenant Agreement / Support for Business Sites
- Process documents in the labor/immigration/ economic and other government departments
- Authorization to change the name of the business/add or cancel activities/appointment of managers
- L.L. License - Increased capital/withdrawal of partners / add partners
- Import, export and verify company license documents
There are several ways to
register a company in Qatar, and requirements vary depending on the nature of
the business and capital investment. Foreign direct investment has been
encouraged and developed by the Ministry of Economy and Trade with the help of
Qatar Investment Promotion Department (IPD) affiliates. IPD directs
organizations to link business services with Qatar and other services.
Types of companies in Qatar;
- 100 percent foreign investment
- Limited Liability Company
- Branch
- Commercial company
- Representative Trade Office
- General Partnership Company
- Limited Stock Partnership Company
- Parent company
- Public shareholding company
- Cooperate
100% Foreign Direct Investment
The Foreign Investment Law allows
foreign companies to own 100 percent of the company's share capital for project
development in agriculture, industry, health, education, tourism, IT, natural
resource exploitation, and mining. Each application is reviewed on a
case-by-case basis by the Ministry of Trade and Commerce in the process of
registering companies in Qatar. Although during this process there will be a
need to submit documents, approve approvals and assess registration fees, the
registration process offers foreign companies the opportunity to manage them
separately.
Limited Liability Company
This national company is the
business entity most frequently used by company registrations in Qatar. The
general rule for forming a company in Qatar is that non-Qataris can only invest
through joint ventures in Qatar where one or more Qatari individuals or
hundreds of Qatar-owned companies are not less than 5% of partners. Capital
city. Joint ventures with Qatar partners are permitted in all sectors of the
economy, not including commercial and real estate companies. Foreign partners
in partnerships must pay the full amount of their share capital contribution to
affiliated financial institutions before obtaining the company's commercial
registration. The minimum share capital of a limited liability company is Qrs
200,000 for Qatar registration. This will change with time. Unless the reserves
are 5 percent of the share capital, the company must determine ten percent of
its net income. Part of party profits may not reflect their ownership of
shares.
Branches
The Foreign Investment Act
contains provisions that can be registered in Qatar, a branch of a foreign
company, subject to the Commerce and Commerce Minister's exemption if a foreign
company operates a specific project, which "aids the performance of public
services or utilities." Allowing companies to carry out such commercial
activities which is registered with the specific contract. This section does
not require a registered agent of foreign companies, sponsors or service. The
branch office will be fully taxable if no special exemption is allowed during
Qatar registration or formation of a company in Qatar.
Commercial Company
This is another method for
Qatar-registered companies. Foreign companies are not present in Qatar, In contrast, an agent is appointed to market goods and services in Qatar.
Commercial agents usually work as overseas or exclusive service providers to
Qatar-based vendors for products produced overseas. Companies that plan to
contract agencies with Qatari companies are encouraged to review Law No. 8/2002
(the 'Commercial Agent Act'). Under a registered agent, all goods in Qatar are
paid to the sales commission, even if not sold due to the agent's activities.
If you work for your Qatari business system this way, it is important to keep
in mind that even though the contract is for a fixed term, the agency contract
is difficult to finish.
Representative Trade Office
Minister for Trade and Commerce
Decree No. 142/2006 states that foreign companies can open representative
offices without local partners. Under this approach, industrial businesses
established in Qatar cannot conduct any financial transactions related to the
company's business activities in Qatar and are therefore not taxed. Although
the Office of the Representative can be registered in a commercial register and
employ staff on its own behalf, it is truly a 'shop window' used to promote
foreign companies in Qatar and introduce their products to Qatari companies.
General Partnership Company
It is the most basic form of the
commercial system for bringing together two or more persons for the purpose of
commercial activity in established companies in Qatar. The partners have
unlimited responsibility and the business name of the partnership companies
will reflect the names of the partners.
Limited Share Partnership Company
Such companies have at least one
or more joint partners and at least four trustee shareholder partners. In the
process of registering a limited liability company in Qatar or forming a company in Qatar, the
minimum share capital of the company is 1 thousand 1 QR. (Read Laws (5) Articles
of 2002 (206) - (224).
Holding Company
The parent company must be a
shareholder of a limited liability company that controls the financial and
management of the company which owns at least 5% of the company. A minimum of
10 million QR capital is required to manage this national organization in
Qatar. (Laws (5) Articles 2002 (261) - (266).
Public Shareholding Company
Public shareholding companies are
also known as joint-stock companies or Qatari shareholding companies. The law
recognizes various forms of public shareholding companies:
- Public shareholding companies open.
- Private or closed public shareholding company. (Read Articles (5) of Articles 2002) (61) - (205).
Joint venture
An entity consisting of two or
more people who come together to perform a project. Registration of a joint
venture company in Qatar by law is a non-legal entity. (Read Laws (5) Year
Articles (52) - (60).
Company taxation
Taxes covered by the Laws of 1993
and 11 of 1989 require that foreign nationally owned entities pay taxes for
their activities. Qatar companies do not pay taxes, but foreign partners must
pay taxes on part of their business. Citizens and companies in the GCC are
considered Qatari citizens for tax purposes and therefore do not tax their
business activities.
Tax declaration
Taxes must be announced within
four months of the end of the financial year. Companies with more than QAR100000
profits must submit audited financial statements recognized by a registered
Qatar accountant to support their announcement. You should have a better
knowledge of tax policy before registering a company in Qatar or setting up a
business in Qatar
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