The landscape of business setup in Qatar always attracts foreign investors and entrepreneurs, as the country is one of the richest economies in the Middle East. We have seen Qatar’s economic prowess when the country successfully hosted the FIFA World Cup 2022. Qatar offers multiple investment opportunities for foreign investors thanks to the government’s progressive economic policies and drive for infrastructure growth and revenue diversification.
If you are planning to set up a company in Qatar, you should understand the opportunities, regulations, the process and benefits. Business setup consultants in Qatar can show you the right direction by providing you with robust company formation advice. In this blog, we discuss key things foreigners need to know about business setup in Qatar:
Types of Companies in Qatar
Company formation options in Qatar include entities incorporated under the Ministry of Commerce and Industry, including Limited Liability Company (LLC), Joint Stock Company, Holding Company, Branch Office, Trade Representative Office, and entities incorporated in the Free Zones and Qatar Financial Centre.
Company Formation in Qatar Free Zones
Foreigners have two options for registering a company in Qatar: the mainland and the free zones. The free zones offer benefits such as 100% foreign ownership, modern digital infrastructure, complete capital repatriation, tax holidays up to 20 years of tax ‘holidays’, access to investment fund for SMEs, and zero custom duties on imports. The following are the free zones in Qatar:
- Qatar Financial Centre (QFC)
- Qatar Science and Technology Park (QSTP)
- Qatar Free Zone (QFZ)
- Ras Bufontas
- Umm Al Houl free zone
Company Incorporation in Qatar Mainland
The types of businesses you can start in Qatar mainland include Limited Liability Company (LLC), Joint Venture, Branch Office, and Representative Office. If you choose LLC as a legal structure in Qatar, you must appoint a local partner (Qatari National) holding 51% shares in the company. There can be 2-50 shareholders in a Qatar mainland company. The best business setup consultants in Qatar can help you navigate the mainland procedures. The following are the key features of setting up an LLC in Qatar mainland:
- Only 10% corporate tax
- Ability to negotiate unlimited contracts
- Strong investor protection
- Faster company formation procedures
Process of Setting up a Business in Qatar
The process of business registration in Qatar involves the following steps:
- Choose a business activity
- Choose a legal structure
- Reserve the company name
- Draft the Memorandum of Association (MOA) or Articles of Association
- Obtain initial approvals
- Register company with Ministry of Commerce and Industry
- Mainland Companies must obtain a commercial office space
- Obtain visa and work permits
- Obtain commercial registration
- Obtain the Trade License
- Obtain the Immigration Card
- Apply for corporate bank account
Benefits of Starting a Business in Qatar
Qatar’s fast-growing economy and forward-thinking growth strategy that will provide diverse investment opportunities for businesses over the coming years. There are many multi-tiered investment opportunities that currently exist in Qatar, thanks to the country’s progressive economic policies and drive for infrastructure growth and revenue diversification. Company setup consultants in Qatar can advise you on the benefits of opening a business in the country. Some benefits are highlighted below:
- No personal income tax
- Excellent quality of life
- Growing economy
- Strong healthcare & education policy
- No taxation on exports
- Supportive infrastructure
Company Formation Services in Qatar
The process of company incorporation in Qatar can be complex due to the multi-layered steps and requirements. However, the best business setup consultants in Qatar such as JItendra Business Consultants (JBC) can absolve you of any hassle. JBC provides a complete range of company set up solutions in Qatar to help entrepreneurs turn business ideas into fully-fledged companies.
We combine our in-depth knowledge of government regulations and international standards with experience of the Middle East market to accelerate the company formation process and deliver valuable services that benefit our clients. Avail of our services today to open a company in Qatar without any hassle.
