Business setup in Qatar
Business setup in Qatar
Favorable geographical features, as well as the efforts and policies of the authorities, have helped the country to achieve greater targets when compared to the rest of the nations in the continent. Being the host of the FIFA World Cup 2022, the nation upholds its excellence in implementing and executing such ideological policies for its growth and development.
As a result of such liberalization policies in almost all of the industries, the formalities and technicalities to start a business in Qatar have become more relaxed and straightforward. Business setup in Qatar is directly associated with the Ministry of Economy and Commerce in Qatar. It instructs the investors and prescribes the guidelines for the setup.
Although the formalities are relatively simpler and time-saving, the procedures are different for different types of companies. LLC/WLL, Sole Establishment, Branch Office, Representative Office, Subsidiaries, Investment and Real Estate Offices have separate and distinct procedures for their formation or setting up.
The Business Licenses issued by the Ministry of Economy and Commerce Qatar for business setup in Qatar mainly belong to four categories.
Commercial (import/export) License
This license type is mainly intended for national or international trading businesses. Fruit and vegetable trading license, furniture trading license and electronic trading license are some of the business categories that require the Commercial License.
Professional or Service License
Companies or professionals that provide services to the people require a Professional or Service License. Law firms, Engineering or Consulting Companies and Event or Exhibition Companies fall into this category.
Industrial Licenses
Companies that do services like waste materials and recycling, packing or repacking and manufacturing are required to take the industrial license of their setup. Manufacturing units, packing and repacking factories and waste material management factories are some examples.
E-Commerce
Trading goods and merchandise online has become the trend of the century and the demand for online-sold goods are also on an exponential rise. Hence, an E-Commerce business setup in Qatar requires a separate license from the Ministry of Economy and Commerce in Qatar. Internet trading of goods and platforms or ventures that provide booking or service facilities through the internet must have an E-Commerce license to function in the country’s economy.
Depending on the nature of the business you are going to undertake in the country, the miscellaneous requirements also vary.
General Requirements
A descent commercial surrounding is mandatory for obtaining the commercial registration or trade license in Qatar
In the case of international investors, the company share should be 49% with themselves and 51% with a Qatar native.
A 100% share can be possible in the Free Zones under certain prescribed restrictions and conditions.
Benefits
Business setup in Qatar has the following benefits:
Tax optimized system is one of the major advantages of doing business in Qatar
Two years’ residency permit is granted to the expatriate population who are doing business in the country. Residency permits and work permits are also available for the siblings of the entrepreneur, servants and employees of the organization on applying certain prescribed conditions.
The residency permit allows you to open a commercial or personal bank account in the country.
The encouraging and welcoming attitude of the authorities towards the international investors has made the business setup in Qatar much easier.
Helpline is here to help you!
Executives of the Helpline Group are well versed about the market environments in Qatar which will help you understand the opportunities and challenges of your business. Our international Liaisons can also help you find the appropriate native partner in the country.
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