How do I start a business in Qatar?
In recent times, Qatar has been recognized as a fast-growing economy in all other Asian countries, according to its financial performance and the large gas supply. The country has introduced new commercial policies for small and large-scale investment in large-scale investments in local and foreign investors. According to the new laws that have been amended by the Qatar government and according to the rules, foreign investors own 100% of their professional establishments.
These facilities can be provided to foreign investors in various sectors, including agriculture, industry, textiles, health, education, tourism, construction and exploitation of natural resources. Social stability plays an important role in creating the highest industrial environment for development, investment strategy, infrastructure, banking policies, taxes, insurance, and plantations.
An important fact for the investments that are open to the organization in Qatar is to contact the Qatari member to obtain the appropriate licenses to work in the country.
Business establishment in the queue.
The knowledge about the business, the configuration plans of the country and the last economic laws in the country must be taken into account in Qatar or for a successful company to work in any part of the world. There is a clear idea of the types of companies and the benefits that the government has to do with respect to its registration policy and its losses. Qatar is the only company in the three types of business registration in process Qatar, the only company, and the limited liability company. The limited liability company or LLC is the most used. An investor must have one or more Canadian national partners and their participation must not be less than 51%.
The legal structure of the company.
The official organization of the Ministry of Business and Commerce is to register an organization in Qatar. There are a number of companies of this type that entrepreneurs or commercial investors can consider creating in the queue. They are given below
- Limited Liability Company (LLC)
- Foreign company branch
- Commercial Agency
- Representative trade offices
- Society of General Society
- Limited partnership company
- The company in possession.
- Anonymous society
- Joint venture
The Ministry of Commerce and Commerce plays an important role in the registration process of any company in Qatar, as mentioned above. Although there are some documents and documentation for the process, it is necessary to obtain approval and send the registration fee during this process.
How to carry out a business as a foreigner.
- 1. 100% of foreign property in the Zona Franca area.
- 2. Foreigner will hold 49% of shares at maximum
- 3. The local partner will hold 51% of company shares
- 4. The bank account does not have access to a foreign partner.
- 5. Foreign employees are allowed to import in Qatar
- 6. 5-year residence visa
- 7. Pay taxation regularly
- 8. Profit of business part export to own country
- 9. Living cost is reasonable
- 10. Make a contract with a local partner