General law to establish a business in Qatar

laws to start a business in Qatar

Just as in other countries, foreign countries operated in this country have their own specific guidelines and requirements in Qatar. Qatar has adequate services for legal, financial matters, tax matters, business advice, company background checks and feasibility studies. Professional experts are available for such professional consultation.

In order to start business in Qatar, foreign companies must first hire service agents/sponsors. Experts say Qatar's service agent/sponsor needs more transactions and may become extinct in the years ahead.

General law to manage and establish a business in Qatar's

According to commercial organization law no 5 (2002), a company's Qatar headquarters should be there. The company can accept its forms, relationships between participating organizations, preferred structures - as part of a single, larger group or holding company. However, organizations generally allowed to work in Qatar are generally approved. Are:

• Joint companies
• Limited Partnership Company
• Special partner organization
• Shareholding companies
• Limited liability company
• Equity Partnership Company

All necessary documentation, behavior, procedures are described in all of the commercial company law. In all legal agreements, the language used must be in Arabic and always, the Arabic version will be preferred in English translation.

Partnership Company

Commercial partnership arrangements are common in Qatar. A partnership organization includes two or more partners responsible for the company's liabilities. However, in this case, all the joint partners will be in Qatar, and every partner will have business meetings and business in the name of the company. However, it is compulsory to approve first before proceeding with an investment.

Limited Partners

They are solely responsible for the debt due to the company or the amount of their registered investment. They have no management authority.

Equity Partnership Company

An equity partnership company constitutes two groups, one or more partners are jointly responsible for the debt of their property, the shareholders include the other.

Shareholding company

Before establishing this company, it was formed by a shareholding system approved by the Ministry of Economy and Commerce of the company. The company's capital is distributed in exchangeable shares of the same value. Number of shareholders should be at least five numbers, among which are all Qatari

Foreign ownership

Generally, foreign business owners and investors will often form a private limited liability company (LLC) to work in Qatar. In this case, the company's QR 200,000 and the two shareholders should have the maximum authorized capital and maximum 30 shareholders. 49% shares are owned by foreign investors, and the remaining 51% are managed by one or more Qatari partners.

If the Ministry of Economy and Commerce is consistent with Qatar's development plan, subject to conditions, foreign investors can allow 49% discount for shareholding and 100% approval.

The company exploits domestic raw materials, provides new products or establishes fresh technology and considers the interests of the national cadre as some other factors.

Once, it has been confirmed that the business is favorable to Qatar and supported by industry, foreign investors or other investors are allowed to maintain the company's controlling partnership.

Some supported industries include: agriculture, education, tourism, health, development and natural resources, energy and mining, exploitation services, technical services and exploitation of IT services. The Ministry of Economy and Commerce can give exemption to foreign companies to invest in various discounted industries, including income tax for 10 years, except for customs and imported equipment for imported equipment, imported raw materials, production required for semi-finished products, otherwise available in Qatar No

At present, Qatar is moving ahead with the laws of the country, which allows full ownership of the companies operating by the country. A draft law was passed last year, where foreigners were allowed to do 100 percent business in all economic sectors. Approximately 49 percent of the investors listed in the listed company, or the government's approval, will be allowed to keep the larger portion.