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?
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.
Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.
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
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