Planning to start a Business in Qatar? Our consultants at Starbiz will guide you through each and every step of the company registration process and help you set up your business in Qatar. Let it be a small or large scale business venture, our team of professionals will assist you in every step of company formation, and set-up your business in Qatar. We assure you complete assistance in getting approval from various government departments and authorities by following the specific requirements of the type of company you would like to setup in Qatar.
Types of companies in Qatar:
To begin with, people looking for Company formation/Registration in Qatar should be aware of the different types of companies which are allowed in Qatar as follows:
- Limited Liability Company
- General Partnership Company
- Limited Share Partnership Company
- Holding Company
- Public Shareholding Company
- Joint Venture
- Holding Company
- Branch office
- Commercial Agencies
- Representative Trade Offices
- Real Estate
Lets go through the different process of starting a business in Qatar:
LLC Company Formation
LLC is a type of company that involves the participation of entities entirely belonging to Qatar. It is a form of a joint venture in which the parties taking part need to be Qatar nationals and must hold a stake volume of less than 51% of the total shareholding. Besides the real estate and commercial agencies, this variety of companies has the authority to operate in any sector of the economy. Once LLC is formed, it can trade freely in the State of Qatar.
General Partnership Company
Forming a general partnership firm, where two or more individuals enter into a mutually agreeable term of business for conducting commercial activities.These types are most commonly formed in Qatar
Limited Share Partnership Company
These are the second most commonly found type of companies in Qatar. For starting a business in Qatar, following the norms of limited share partnership, an enterprise must have four trustee shareholding partners along with one or more joint partners. A minimum share capital of QR.1,000,000 would be required to form a limited share partnership company in Qatar.
Holding Company
The minimum amount required to start a Holding Company in Qatar, is QR. 10 million. However, this type of company holds the very special authority of dictating and controlling the management and finance-related issues of another company whose 51% or more shares belong to the shareholding or LLC Company.
Public Shareholding Company
Also known as a joint-stock company, the Qatar laws identify the public shareholding companies as those with either open public shareholdings or closed public shareholdings. Starting a business in Qatar can be hassle-free as Starbiz assist and guide you in each and every step.
Joint Venture Company
You can form a joint venture company that allows participation of two or more people willing to carry out a specific project. According to the Qatar law, a joint venture firm exists, void of a legal personality as an unincorporated entity.
Branch office in Qatar
A company in Qatar can open a branch office only if the company has specific contract entitling the enterprise the facilities to perform public service or utility. No company can operate beyond the limits of the business contract. If the business contract authorises a company to establish a branch office, the enterprise can do so and otherwise not.
The foreign companies under this category do not have to pay taxes for the branch offices unless exempted.
Commercial Agency
Commercial agency can be another frequently opted option. In this type of company formation, the enterprise needs to act as an exclusive agent or seller providing goods and services, produced in foreign lands, in Qatar.
Representative Trade Office in Qatar
A foreign firm can open a representative office without a local partner, obtain the Commercial Registration and employ staff in its own name. It operates as a ‘shop window’ to promote a foreign company in Qatar and introduce its products to Qatar companies.