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Key benefits of doing business in this jurisdiction:
A cost of registering a business is from €14250
A company registration period is from 21 daysDetailed information
In order to register a commercial firm in Qatar, you will need the help of IQ Decision specialists. Our lawyers will tell you, how to open a corporate account in Qatar, advise on business matters in this jurisdiction.
First of all, it is necessary to choose the appropriate legal form for your future organization:
In most cases, entrepreneurs want to register an LLC in Qatar. The Foreign Investment Law (No. 1 of 2019 - “Investment of non-Qatari Capital in Economic Activity”) states, that non-Qatari investors can invest only if they register a joint venture in Qatar, 51% of the share capital of such an enterprise belongs to 1 and more local residents.
The state economy provides an opportunity for such joint ventures with Qatari partners in all areas except banks, insurance companies, and real estate organizations. The distribution of profits can be regulated otherwise in the agreement between foreign shareholders and their Qatari partners before the company is registered. Previously, the minimum share capital for registering an LLC in Qatar was 200,000 QAR (about 49,000 EUR), but in accordance with the new Law on Companies No. 11 of 2015, there is currently no minimum share capital for a company in the form of an LLC.
If you want to set up a company in Qatar and to open an account in Qatar, then our lawyers will provide assistance at each stage of this procedure. Details on the contacts indicated on our website.
Where to open a corporate account in Qatar?
Services to corporate business in Qatar are provided by HSBC, Doha Bank, Standard Chartered, IBQ Bank, QDB, Citibank and others (a total of 16 commercial banks and branches). Currency is Qatari rial (QAR). Internet banking is used, which makes it possible to open an account in Qatar remotely. A crowdfunding is possible in this jurisdiction.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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