Business without sponsor??

gefs
By gefs

Is it possible to form a business without a sponsor.

Are there exceptions for instance if you are to put a certain amount of capital into Qatari banks? If so, is qatari's sponsor influence important to winning contracts?

By martin• 11 Sep 2006 23:46
Rating: 5/5
martin

The basic rule under Article (2)1 of the Foreign Investment Law (Law No. (13) of 2000) (as amended) is that non-Qataris, whether natural or juristic persons, may invest in all sectors of the national economy only through the medium of a company incorporated in Qatar in which one or more Qatari persons and/or 100% Qatari entities hold not less than 51% of the share capital. Other than in very special cases, that company must be a private limited liability company (LLC).

Article (3) of the Foreign Investment Law contains provisions which, subject to an exemption from the Minister of Economy & Commerce (the “Minister�), allow a branch of a foreign company to be registered in Qatar if that foreign company has a contract (in practice it must be a major contract) in Qatar which results in facilitating the rendering of a service or implies public benefit. The branch can be set up without the need for a Qatari.

www.gocambusiness.com

By SeArChEr• 11 Sep 2006 15:48
Rating: 5/5
SeArChEr

I guess most of the business in Qatar require you to have a local sponsor. Maybe not applicable when the Free-Trade Zone is up in future...

http://www.investinqatar.com.qa/business/establish.php

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