Company registration Qatar steps and process-Foreign company registration

Company registration Qatar steps and process

Our services: 1) Company registration Qatar 2) LLC-registration Qatar 3) FDI guide Qatar 4) Foreign company registration Qatar. Qatar formally known as the State of Qatar. The capital is port. it’s a sovereign Arab emirate, placed Western Asia. Qatar has the world’s third biggest characteristic gas saves and oil holds. Qatar has one among-st the fastest developing economies on the earth. to realize higher profits of capitalist it’s adopted open market policy. it’s essential to notice that foreign direct investment is promoted and foreign entities area unit welcome in Qatar to assist grow the economy. additionally, there area unit varied incentives accessible to draw in foreign capital as well as tax breaks and exemptions from impost. The Qatar Investment Authority is established by the govt for the needs of company registration Qatar and company formation in Qatar. this text follows details concerned throughout company setup in Qatar. a bit like in any country, beginning a business in Qatar takes coming up with, data and commitment. whereas a replacement business venture or growth isn’t essentially straightforward to place into place, with the correct support and a team of execs on your aspect, you’ll be able to save lots of your time, cash and stress. to start out a business in Qatar, you would like to figure through several predefined processes so as to satisfy legislation and laws. whereas these processes will be a veritable parcel to navigate through by yourself, the team here at Business set out Qatar has the primary expertise necessary to chop straight through the procedure and acquire to the terribly heart of the matter. In fact, we tend to area unit therefore well versed in serving to new businesses in Qatar that we are able to pay attention of everything for you – all you would like to try and do is give United States of America with the relevant details, fees and signatures.

Company registration Qatar steps and Formation process:

With specific special cases, Qatar’s foreign investment law limits foreign possession of native entities to forty ninth of the entity’s capital for a corporation setup.

An LLC company formation in Qatar is that the most typically used business entity .

Foreign investment isn’t allowed in industrial agencies and property.

The representative company formation in Qatar is 100 percent foreign in hand and controlled, it’s not allowed to form direct sales in Qatar. Such associate workplace can solely engaged in activities like promoting the business of the parent company and marketing research.

A company formation in Qatar should be approved by the Ministry of Economy and Commerce. Branch offices area unit totally assessable unless granted a special exemption. there’s no share capital demand for a Branch workplace.

LICENSING IN QATAR FOR COMPANY SETUP

Trade license and accumulation license issued by the suitable Qatar Municipality. Department {of industrial|of economic|of business} Registration & Licenses is accountable to issue commercial licenses associated with business practices as a part of company registration.

ACCOUNTING AND TAX

The corporate taxation rate has been move a flat rate of 100 percent.There is no income tax in Qatar. Qatar has thirty three Agreements for the turning away of Double Taxation.

Company registration Qatar step-by-step Guide:

Below may be a list of the steps that area unit needed for Company registration Qatar

Step 1: Name selection

The name for the new business should be distinctive and not already registered as a trade mark at the Ministry of Business and Trade (MBT). to substantiate this, you’ve got to physically visit the industrial Registration section of the the MBT and look for the particular company brand.

Step 02: Interim bank account

Obtain a letter from the Ministry of Business and Trade (MBT) addressed to a bank in Qatar for gap a checking account. The account are going to be activated by the bank once the quantity akin to the capital of the corporate is deposited.

Step 03: Lading of association

Obtain approval for the Articles of Association from the Ministry of Business and Trade. Such Articles of Association ought to embody the following:

The name of the corporate, as well as the phrase “Limited Liability” just in case of firms.
The address of its head workplace.
Objectives.
Fixed term of period.
The amount of its capital and also the manner within which it’s been signed.
Restrictions upon transfer of shares (only applicable to companies).
The names of shareholders and their nationalities and places of residence (only applicable to companies).
The manner within which profits or losses are going to be distributed between the partners.
The names of persons entrusted with the company’s management.
Capital structure.

Step 04: Deposit funds

Deposit the lawfully needed capital at a bank and acquire letter/certificate from such bank evidencing the deposit of the capital. The bank would require the subsequent documents:

Letter from the Ministry of Business and Trade addressed to the bank, requesting the bank to open a company checking account for the corporate and Copies of the shareholders’ identity cards.

Step 05: Provision for extra Documents

Procure any more documents needed for industrial registration, noting that:

For some industrial activities, additional licenses is also needed from the relevant authorities, as an example (without limitation), the engineering and touristy sectors. For industrial activities, associate Industrial Project License from the Ministry of Energy and trade is needed.

Step 06: Industrial registration

Registration with the industrial written record as maintained by the Ministry of Business and Trade (MBT). For registration, the subsequent documents area unit needed:

Application to be signed by the overall Manager for firms and also the owner for an institution.
Copies of the identity cards of either the homeowners, partners, or shareholders.
Copy of the card of the overall Manager (n/a just in case of establishment).
Pre-approved genuine Articles of Association in Arabic
Bank letter confirming the deposit of capital.
Receipt showing the payment for the review of the Articles of Association performed by the MBT
Declaration kind signed by the Qatari stockholder (only applicable to firms requiring a Qatari stockholder in their structure)
Name approval.

Step 07: Registration with Qatar Chamber of Commerce and trade

Register for membership at the Qatar Chamber of Commerce and trade (Application accessible on web.qatarchamber.com). Application to be signed by the overall Manager and may include:

Commercial registration kind (Available here).
Copies of the identity cards of the homeowners, partners, or shareholders.
Authenticated and consularised Certificate of Incorporation for foreign firms and licensed industrial registration for Qatari firms for the shareholders that area unit company entities and not people.
Copy of the card of the overall Manager.

Step 8: Trade License

Application for Trade License with Ministry of Business and Trade. Documents needed are:
Commercial Lease Agreement (including proof of ability to sub-lease, if relevant).
Commercial Registration
Copies of the homeowners, partners, or shareholders identity cards.
Forms to be signed by the overall Manager.
Photos of the office/premises.
Building Completion Certificate if offices premises area unit among a new completed building.

If you want to know more about company registration Qatar steps and process please go to our official website.