What are the main stages of the formation of a company?

 Qatar is a world economic powerhouse. It boasts the highest per capita GDP. Qatar has a lower corporate tax rate than other countries, at 10%. The tax is even exempt in some industries. These are a few primary reasons why most overseas investors want to establish themselves in the country. Let us now look at how to register a company in Qatar as a foreigner.

You may believe that registering a business in Qatar is difficult, but it is not. Qatar Helpline Group will make the process of company registration in Qatar easier. The steps for registering a company in Qatar are outlined below.

Here are some of the stages of company formation in Qatar.

a. Searching for company name

The first step toward company formation in Qatar is to look for a trading name. Choosing a distinct name for your business or company is critical. Before deciding on a name, thorough research and planning are necessary.

b. Opening a bank account

The next step in company registration in Qatar is to create a bank account. To establish a foreign-owned business, a letter from the Ministry of Commerce and Industry is required. The letter will request permission to open a bank account in Qatar. The account will be activated once the amount equal to the company's capital is deposited. It usually takes 1 to 2 business days to activate your bank account.

c. Articles of Association

After opening the bank account, the foreign-owned company must obtain approval on the Articles of Association. The Ministry of Business and Trade can provide this approval. It only takes one day to finish the process. However, you must obtain the Articles of Association application form from the Ministry of Business and Trade office.

d. Submitting additional documents

Depending on the type of business, you may require additional documents to legally introduce a company. In this case, the business will be required to provide provisional documents. This is especially true in commercial activities where the company may be required to acquire a specific business license for a given business. For example, if an overseas investment is made in the industrial sector, a license for the industrial project is required. The necessary license, however, can be obtained from the Ministry of Energy and Industry.

e. Registration with the Qatar Chamber of Commerce

Most people avoid this registration process because it isn't required. However, registering with the Qatar "Chamber of Commerce" can be advantageous to your business. To register your business with the Qatar Chamber of Commerce, you must submit an application.

f. Company Seal

Another important aspect of company registration in Qatar is ensuring that the foreigner has its organization stamp prepared. The seal will not be provided by the government authority; private companies must manufacture their own seal. The MBT will determine whether or not the foreign company has its organization stamp ready. A company seal/stamp does not cost more than 100 QR.

g. Trade License

Once you have CR, you must obtain a trade license. A trade license is required to have office space and conduct business. The trade license is approved by the Ministry of Economy and Trade.

Why choose Helpline Group?

If you want to undergo company registration in Qatar, bear in mind that the whole process can be long and tedious. Helpline Group is one of the leading consultants and licensing service providers worldwide. We can help you through all the processes easily giving you a seamless experience.

Want to know more? Call us for a free consultation…!!!