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Foreign Company Registration In Qatar

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Qatar is recognized as one of the fastest growing economies in the world. GDP per capita stands at USD 63,505.81. The new liberalized policy of Qatar opens the door to foreign investors, allowing them to open 100% of foreign-owned companies in some sectors including: education, agriculture, health, tourism and many others.

Successful development strategy, insurance, investment incentives, policies, banking services, infrastructure, social & political stability help to create an outstanding business environment to set-up a business in Qatar. These types of factors work as stimuli to set up a business in Qatar or Qatar company registry.

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Type of Company Formation in Qatar

Ministry of Business and Trade determine the type of company that a foreigner can establish in Qatar. They will examine each application of business registration case by case before registering any company. There are various types of company that a business entrepreneur could consider forming in Qatar such as: –

Limited Liability Company

This is one of the most picked business entities in Qatar. It’s a typically a joint venture where one or more local Qatari citizen should hold a minimum 51% shares. Companies holding 51% share or more are permitted to conduct business in all sector. According to the government requirement, it takes around QR. 10 Million to Setup LLC Company.

Representative Trade Offices

According to the Ministry of Business & Trade (MBT), foreign company or firms can open a representative trade office without having any Qatari partner. However, the representation office can obtain a commercial registration and recruit staff on its name, it can only conduct as a “Shop Window” for promoting the foreign company, its product or service.

Foreign Company Branch Registration

According to the Foreign Investment Law (FIL), a foreign company can register its branch in Qatar (applicable terms and conditions). The branches of any company or business organization can be registered only if the company has contacts to carry out a specific project that facilitates the performance of the public service and the unit. This type of company cannot conduct activities that are not registered in their contract. However, the branch may be fully taxed unless the foreign investment department grant a special exemption.

Joint Partnership Company

This is a type of company that is comprised of two or more person. In a joint partnership, company foreigner can have only 49% shares & Qatari partners should have at least 51% shares. A joint venture company usually consists of joint partners and trustee partners. The joint partners will bear the unlimited liabilities of the company liabilities, and the trusty partners will take the liabilities of the company.

Besides all the above-mention company, many other companies can be registered in Qatar. Such as: –

Holding Company
Limited Share Partnership Company
Public Shareholding Company and
Joint Venture

Business Setup in Qatar

Qatar is one of the top-ranked economies in the world. It welcomes foreign investors for setting up their business in Qatar. All the foreigners who decide to set up business in Qatar should have sound knowledge about the economic laws and local business setup process in the country. People who are looking for commercial business registration needs be aware of the categories of business. In Qatar, the Limited Liability Company is one of the common business categories for foreigners.

Finding a Qatari Partner

If you want to set up business in Qatar, the support of Qatari partners is necessary to obtain the fundamental license for the company. Various types of business require local partners to complete the business/company registration process. However, if you need any Qatari partners, we can provide you with an ideal individual.

Commercial Residence (CR)

The Commercial Resident (CR) is the 1st piece of document that you need to obtain. The Ministry of Economy and Commerce issues this document. CR is a piece of documents that states– This legal entity with name X is owned by these persons or shareholders. However, this is one of the documents that are very quickest to get. To obtain CR, you need to do the followings.

Trade Name: it is essential to obtain a trade name for your business. The name should be unique and it should not match with others. Remember, if the trade name does not have any Arabic meaning you need to pay extra QAR of 1000.

Articles of Association Approval: Once you obtain your company trade name, you now need to get Articles of Association. The article of association FORM is available with the Ministry of justice. You need to fill up the FORM with appropriate information of shareholders, their rights, ownership, etc. After filling up the FORM submit it to the Ministry of Justice. The article of Association will be approved if everything is everything is done maintaining rules and regulation. The whole process can be done in 1 working day with QAR 1500 as a registration fee.

Issue the CR: Once you obtain the trade name and AoA approval, you can now submit them for your enterprise to be issued a Commercial Resident. At the stage of issuing CR, you will be asked about the activities of your business. Depending on the business activities you will be charged between QAR 1500 to 7000 per year.

Remember, CR is valid for one year and you need to renew it every year. The renewal process is straightforward as you can renew it via online. The table below shows things you can and can’t do with CR.

THINGS YOU CAN DO WITH CRTHINGS YOU CANNOT DO WITH CRCORPORATE BANK ACCOUNT OPENINGYOU CANNOT GET OFFICE SPACE TO INCORPORATE YOUR BUSINESSINVOICE AND ALSO CAN ACCEPT PAYMENTYOU CANNOT HIRE ANY EMPLOYEE FROM FOREIGN NATIONBUY OWN AND BUY ASSETS UNDER YOUR COMPANY NAMEYOU CANNOT ISSUE ANY RESIDENT PERMIT

Trade License Qatar

You need to obtain a Trade License after receiving your CR. Trade license is essential in order to have an office space and to conduct business activities. Trade license is approved by the Ministry of Economy and Commerce.

Obtaining this license is one of the hardest parts of company registration. In order to obtain this license, you need to fill out the requisite application that are available within MEC website and submit it the MEC with the following documents –

ID card copy (shareholders and directors)
One copy of CR
Photography of your office building from outside (photo must show the address information)
Copy of Article of Association (AoA)
Building completion certificate copy along with the ID card of building owner.

Once you submit all the required paper, you will get a confirmation message. The representative from MEC will visit your office for inspecting purpose. The inspector will take around one to four weeks to visit the office.

Once the inspection is completed successfully, you will get a message saying your trade license is ready to collect. To obtain a trade license, you need to pay fees around QAR 520 (includes inspecting fees).

Computer Card as Registration Steps

Computer card is necessary to hire an employee under your company. If you don’t have a computer card, you cannot issue anyone with a residence permit. Note: The Immigration Department can only issue the computer card. In order to apply for this card, you will require an official company stamp. The printing companies requires Trade license, CR and ID of shareholders for making an official company stamp. (It takes just one day to make the stamp).

However, to apply for the computer card, you need the following documents: Application form of computer card.

Copy of the CR
Trade license copy
Copies of ID card of all the shareholders.
All the copies individual who will be on the computer card

Taxation of Register Companies in Qatar

The law of Qatar state that all the companies that are owned by the foreign nation need to pay tax to run their business in Qatar. Companies that are owned by locals need not need to pay tax. However, all foreign partners need to pay tax on their shares.

In Qatar, the company that exceeds profits amount of QR 100000 are subjected to submit a financial statement that is certified by a registered accountant in Qatar. Depending on the type of business and profits the tax rate may vary from 10 percent to 35 percent.

Advantage of Company Formation in Qatar

The corporate tax in Qatar is 10%, which is one of the lowest in the world.
The well-connected transport system helps the business to move faster.
Qatar has one of the highest economies in the world, which is an advantage for any business.
The new commercial company law eased the process of business registration in the country.

Company Registration Fees in Qatar

The Qatar company registration fees/cost is below:

PARTICULAR OF LICENSE AND REGISTRATION FEESTYPE OF FEESFEES IN RIALCOMMERCIAL REGISTRATION FEESGOVERNMENT FESSQAR 1500 – 7500 PER YEARFOR MUNICIPALITY LICENSEGOVERNMENT FEESQAR 2,000 – 10,000 PER YEARIMMIGRATION APPROVALGOVERNMENT FEESQAR 200 PER YEARTRADE LICENSEGOVERNMENT FEESQAR 520 PER YEARTRADE NAMEGOVERNMENT FEESQAR 1000 PER YEARARTICLES OF ASSOCIATION APPROVALGOVERNMENT FEESQAR 1500 PER YEARISSUE OF CRGOVERNMENT FEESQAR 1500 -7000 PER YEARCONSULTANCY FEES FOR COMPLETE BUSINESS SETUP IN QATARCONSULTANCY FEESQAR 2000-5000ACCOUNTING SERVICECONSULTANCY FEESQAR 1000 – 3000 (DEPENDS ON CERTAIN FACTORS)

Conclusion

Qatar is one of the top-ranked economies in the world; this is why most of the foreign investors want to set up business in Qatar. The government of Qatar allowed a foreigner to set up various types of business which include – Limited Liability Company, Joint venture, Representative Office any many other.

Many foreign investors want to set up business in Qatar but do know the complete procedures of business registration. Do no Worry! S&F Consulting Firm is always there to help you out with any kind of business registration in Qatar.

Company Registration Ins and Outs

How much it costs for reserving a trade name?Booking trade name for 3 days is free but if you book it for period od three month it will cost around QR-1000. What is the procedure for reserving a trade name?The trade name can be reserved through the website -www.moci.gov.qa (most easy way) What are the rules of choosing trade name?The trade name should be unique and it should not be misleading. What is the minimum capital requirement for to establish a company?There is no limit of capital requirement to establish a company. What are the required papers needed for renewing commercial license?A copy of ID card of business owner and commercial registration copy. How much times it requires to obtain article of association approval?It takes just 1 business day to obtain article of association.

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Renting with Professionals

Renting a property may seem like a quick and easy task at first. Only once you start searching for properties on the Pearl Qatar Island and start to inspect them will you know how tedious it can be to find and rent a property. This is why our Real Estate is proud to offer a painless process when renting on the Pearl Qatar Island. We have an extensive portfolio of properties that always delivers on the demands and preferences of our clients. Our wide-ranging options for leasing stem from the strong relationships we have built over the years with our Landlords. Our properties range from studios to villas, and there is always a selection for every client we meet, which is something we will always pride ourselves on. Rental services we offer Our Real Estate offers the following rental solutions:

Search rental properties from our database
Arrange a viewing from our shortlisted properties, at your convenience
Act as facilitator between you and the Landlord assist the lease
Help you with the paperwork
Settle you into the property

Buying Find a property that suits your needs

SC Real Estate we pride ourselves on having the best options available to our clients looking to both invest or to live in.

Our Real Estate deals exclusively with a number of prestigious residential towers on the Pearl Qatar Island, offering prospective buyers numerous options relating to layout, view, location and type.

Over the years we have built a respectable Sales portfolio with a reputation for being honest, trustworthy and experienced.

Why choose Strategic Consultancy?

We lookout for your best interest
We advise you wisely about the current real estate market
We help you narrow your search to the perfect home
We assist with every stage of the process

Selling

Looking to sell? Selling a property can be an emotional decision, but at the end of the day, you will need to make sensible and well informed choices. Achieving the best possible price, finalizing the sale within a specified time frame and navigating the sale process without any stress: these objectives and expectations are common across all sellers. SC Real Estate has successfully served the need of sellers looking to bag the best deal they can get. We make your property sale both financially and emotionally rewarding for you. A quick breakdown of the sales process One of the most important questions when thinking to sell is, are you presently in a seller’s or buyer’s market? Is this a good time to sell? Or should you wait for a few months? A clear understanding with your local real estate market is extremely helpful in answering when you should actually put your property on the market. Another important question to ask yourself is how much your property is worth. Contacting an experienced real estate agent will help you come to a right price. Important factors that will determine the price include the location, views, layout, the look and feel of your home, and the prices of similar homes within your community. After you determine the market value of your property, and it has been listed, it’s now time to market it. SC Real Estate will market your property to our extensive and exclusive list of Buyer’s. We will provide full support throughout the process, liaising with the buyer on your behalf to ensure that the deposit and transfer of funds occur without any headaches.

Property Management

Property Management with SC SC Real Est ate proudly manages a selective list of units on behalf of landlords on the Pearl Qatar Island and in Doha's outer suburbs. Our management services include taking over all the responsibilities related to the unit. We remain proudly old-fashioned in delivery of service and believe the relationships we build with our clients are critical to the long-term success of our business. 25 Spaces offers experience and knowledge of the local real estate market and are fully committed to the clients we serve in the Pearl Qatar community. What makes SC Spaces stand out from the rest? Effective communication and integrity is key to delivering high quality service in our industry, this is why we provide ongoing communication to both our landlords and tenants. Property management is about preserving and maximizing your property investment returns through frequent rental reviews, regular property inspections, maintenance management, and of course our expertise of the local real estate market. Our aim is to ensure that your property is maintained in the best of conditions while ensuring minimal vacancy periods. Our goal is to maintain and increase the financial success of your property and to ensure we make the tenancy experience enjoyable and stress-free for both the landlord and tenant.

Maintenance and Care

Property Management with SC Both the tenants and the owner have a responsibility towards the maintenance and care of the property. While it is the landlord’s responsibility to provide a property in a liveable condition, it is the tenant’s responsibility to maintain the property in good shape during the tenancy. SC Real Estate is proud to hold a strong partnership with FIXIT maintenance. Landlord’s Responsibilities and Rights The landlord has a responsibility to hand over the rental property in good condition to the tenant. He or she also should ensure that while the tenant resides in the property, any kind of maintenance and repair issues are taken care of. The landlord is responsible for:

All repairs of property not the direct result of malicious damage;
Supply of utilities (electricity & water - Kahramaa & air-conditioning- Qatar Cool) to the property – not the payment of using them;
Plumbing issues that stop you from laundering, showering, or cooking – that is not the direct result of malicious damage;
Emergency repairs – water leaks, burst water pipes, leaky roofs, moulding, etc should be addressed immediately;

Tenant’s Rights and Responsibilities The tenant’s responsibilities include, unless otherwise agreed as part of the lease terms:

Day-to-day care and cleaning of the property;

If there is an emergency the tenant must contact FIXIT Maintenance directly. We respond within 24 hours from the time the tenants inform us of their concerns, and we take pride on our fast and effective response and approach. Our clients are our main priority, and attending to maintenance issues helps relieve them from any worries they may experience, and also makes sure they enjoy their stay on the Pearl Qatar Island.