If you are concerned about company formation in Qatar, this article would be your perfect destination to end up with the online search. Company formation is quite a tiresome process especially when it comes to a foreign territory where the legal formalities lie most of the time obscure to you. That’s why Helpline Group is here before you with everything in this regard.
Finding a Qatari partner to join your business and the legal formalities of company registration in Qatar etc. can be considered the fundamental steps in the process. But here in this article, we will be more particular about the different types of company structures to finally find out which one suits you the best or to which structure you belong.
The changing business ambience of Qatar, the favors offered by the nation to its international investors, the relaxation measures such as the 100% ownership rights provided to the foreign investors etc. make the current scenario an ideal time to invest. The promising growth of the economy will definitely ensure your personal growth and development if done in a sensible amount and in the appropriate market time.
Before actually beginning with your action plan, fix your company type or structure accordingly. Your application for the company registration in Qatar would be reviewed by an official team at the Ministry of Business and Trade. According to the structure of the company, the applicant and the company would be entitled to separate functional protocols and legal provisions. Here is a brief but effective piece of information regarding the structures and their specifications.
Limited Liability Company Formation
This is one of the commonly preferred company structures in the company formation. Such companies can only be started with one or more Qatari nationals on the ownership desk. It is also necessary that their share percentage should not fall below 51%. The functional permit of such companies is quite broader when compared to the rest.
Commercial Agencies
As the name suggests, here a particular agent will be acting as the representative of the company. The agent or the agency will be responsible for the selling of the goods and services offered by the particular company.
Representative Trade Offices
Offices of foreign companies can be established in the territory of Qatar without the ownership involvement of a Qatari national. An independent trade representing office can be set up in this case and the office can also employ staff as per its requirements. But it would be just a ‘shop window’ where only the promotion of the products and services takes place.
Limited Share Partnership Company
In order to start such a company one or more joint partners become necessary. It also asks for a minimum of four trustee stakeholders. There are also conditions regarding the minimum share capital of the company which figures up to QR 1,000, 000.
Shareholding Company
This is another company structure where the company is required to have control over other companies in terms of its financial and managerial aspects, where the percentage of ownership becomes 51. 10M Qatar Riyal is required to start a shareholding company in Qatar in the minimum lowest figures.
Free Zone Companies
Qatar free zone company formation refers to setting up your business in a designated area. Tax reductions/exemptions, more favorable customs regulations etc. become the specialities of setting up a business in the free zone area of the Qatar territory
Get to know more about yet another structure in the company formation in Qatar from the Helpline Group experts.
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