subject: Advice on How to Start a Business in Qatar [print this page] Advice on How to Start a Business in Qatar
Generally speaking to carry out business in Qatar it's essential to register a company and in most cases Non-Qatari nationals are not permitted to own more than 49% in a business.
The following three steps should be used whilst looking to start business in Qatar:
Have a good knowledge of the location. Be ready to undertake extensive study into the business sector you would like to operate within.
Whatever your situation the best advice would be to take good professional advice to guide you through the labyrinth of legalities and procedures. The procedure for business formation is complicated and can take several months to complete.
Without a doubt probably the most critical factor when looking to set up an organization would be to make sure that your local partner is the right partner for your firm and that you both realize what the requirements and requirements are from the 'Partnership'
Business law in Qatar is similar to that in western countries, in that businesses could be run as limited liability businesses, private firms or other forms of concern. Probably the most common form of setting up a business in Qatar is the Limited Liability Business. The following are some of the requirements for a Limited Liability business Qatar:
The share capital of a Limited Liability Firm starts at QR 200,000.
The Qatari partner need to have a minimum of 51 % ownership. Exemption to this rule can sometimes be obtained.
The profit share of the partners doesn't need to match the shareholding of the partners.
10% of every year's net profits must be kept within an organization until the reserve stands at 50% of the share capital.
A Limited Liability Firm can't raise capital by public subscription and cannot problem freely transferable shares.
Shares might only be transferred after they have very first been offered to the other shareholders, unless the other shareholders have agreed to waive their appropriate.
In the event you make certain that you follow the three actions above you must have the ability to join the many productive and thriving organistations that proceed to starting a business in Qatar.
