How to Setup a Business in Qatar

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Introduction

Qatar is one of the Arab Country which rapidly growing economies in the world with its highest per capita income and largest gas supply. This Country has liberal laws for foreign investors. Qatar allows foreign investors to have 100% ownership in some sectors including health, education, agriculture, etc. If you are thinking of foreign investment, then Qatar is a good option for you because of its liberal laws for foreign investors e.g. Qatar has liberal laws on infrastructure, banking services, and insurance policies. Qatar is socially and politically stable which creates an industrial climate for setting up business in Qatar. If you want to set up your business in Qatar then you have to follow their rules and regulation, this article talks about the Procedure of setting up a business in Qatar. 

 

A procedure of Setup a Business in Qatar

  • You have first to understand the laws of Qatar. Rules and Regulation are different in Qatar so you have to understand the laws of Qatar so there will be no problem arises for you in the future. You have to consult with local consultancy firm so they will guide you properly. 

  • Then you have to research the local markets of Qatar, and the hot trend of the market. Research is very important for investing in a foreign, so you have to make ideas according to research. Then you have to make a plan about everything then you have to execute it. 

  • You have to find an investor in Qatar because in some sectors 51% of shares should be acquired by Resident of Qatar, so you have to find a local investor in Qatar. 

  • Then you have to get Police Clearance Certificate from Qatar Police. It is very important for foreign investor to get Police Clearance Certificate because it is mandatory for all foreign investor for investing in Qatar. 

  • Permission from Qatar Ministry is also an essential document for setting up a business in Qatar. You have to get Commercial Residence certificate from the Ministry of Economy and Commerce, Qatar. It is a mandatory document for all foreign investor for setting up a business in India. If you want to get a Commercial, residential certificate then you has to submit your trade name and article of incorporation to the Ministry of Economy and Commerce. The article of Incorporation should contain each detail of Business and its local and foreign investors. 

  • After obtaining of Commercial Residence Certificate, you have to get trade license from Qatar Government. You have to submit your application with supporting documents like Identity Card of investors, Article of Incorporation, a photo of the building where business will be run, Rental acknowledgment, and other required documents. Then you have to submit the application to local authorized body then you will get your trade license. Trade License is an important document for setting up a business in Qatar. 

  • You have to incorporate your business as an entity, as you know that In India we setting up a business as a legal identity like One Person Company Registration, Limited Liability Partnership, Partnership Firm, and Private Limited Company or others whereas In Qatar there are different type of business entity e.g. Limited Liability Company, Single Shareholder or owner company. So you have to incorporate your business as a legal entity according to Qatar laws. 

Limited Liability Company

If you want to invest in a sector where Local Investor is required, then you have to start your business as a Limited Liability Company. Setting up a business as a legal entity is important for securing your business. Incorporation of your business as a Limited Liability Company Registration gives you protection under the Qatar laws. In the case of failure of registration of Limited Liability Company, you may have to face legal consequences according to Qatar laws. If you want to incorporate your business as a Limited Liability Company then there are two or more people required for incorporation, in the case of foreign investment, there must be one person from Qatar. During Incorporation of LLC, minimum capital of QR 200,000 is required. 51% shares of the company must be acquired by the local investor of Qatar. An LLC should be liable to pay tax on the Rate of 10% every year. 

Single Owner Company

In Single Owner Company, there is no requirement of local investor from Qatar, and Single owner can incorporate this Single Owner Company. Foreigners can include a Single Owner Company without Local Investor. If you are a single owner of your business, then it will be a good option for you because there is no need of local partner from Qatar. After registration of your Single Owner Company, you will get protection under the rules and regulation of Qatar. 

Conclusion

If you are planning a startup business in Qatar, then you have to consider the above-given points as it is most important to research the Qatar Laws and its market. And you should follow the all rules and regulation of Qatar, so there will be no problem arises in the future. 



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