Thank you for your query. We will contact you soon.
Registering a company in Qatar in 2020
Key benefits of doing business in this jurisdiction:
- A state with a highly developed economy, a stable political position and a high standard of living;
- The availability of freely convertible currency (QAR);
- Rich mineral reserves (energy carriers);
- A flexible taxation (2nd place in the world according to the Doing Business rating);
- The presence of more than 5 DTA agreements with European and Arab countries.
A cost of registering a business is from €14 250
A company registration period is from 21 days
Qatar is the richest country in terms of per capita GDP. It has a strong oil and gas sectors, which accounts for 52% of the total nominal GDP. Based on this, registering a commercial firm in Qatar is a good idea for startups, as well as for already established businessmen.
Before starting a commercial activity in Qatar, it is worth determining the legal form of your company:
- a joint venture;
- 100% foreign firm;
- an enterprise in FZs;
- a public corporation;
- a representation;
The most popular are two legal forms: 100% foreign firm and a joint venture.
Those, who want to establish a foreign firm in Qatar, do not forget, that all operations performed by this type of company are limited by the laws of Qatar and require confirmation from the Ministry of Business and Trade of Qatar. Before starting a business in Qatar, we strongly recommend you to study, what activities are open to foreign investors. IQ Decision will help you to calculate the initial needs of your business, provide you with the individual advice from an international business lawyer in Qatar, and help you to find the best solutions.
- in certain industry segments, in accordance with the Act on Foreign Investments;
- having received confirmation from the Ministry of Business and Trade;
We pay your attention: there is no official paid-up capital mentioned in the law, and the minimum required amount in practice is set by the Ministry of Business and Trade of Qatar.
Also do not forget:
100% foreign company has the right to apply for government contracts;
firms must be entered into the public register of shareholders/directors.
When you plan to set up an enterprise in Qatar, pay attention to the tax system:
- a mandatory corporate tax is 10%.
Registering a joint venture in Qatar
This type of enterprise (often owned by foreigners) is used for a variety of commercial and industrial activities.
Non-residents, who cannot register a full-fledged foreign company in Qatar, have the opportunity to open a joint venture in Qatar.
After registering a joint venture in Qatar, equity may reach 49% without prior permission from the Ministry of Business and Trade. The corporate tax rate is 10%. Do not forget about the annual tax report.
Important: Qatar is a jurisdiction with a signed free trade agreement and the ability to open a Qatar multi-currency bank account.
For additional information or legal services, contact IQ Decision lawyers. Our experts provide legal assistance in opening a corporate account in Qatar, help you to set up a firm in Qatar remotely or to buy a ready-made company in Asia.
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.