start business

1. What are the main stages of the Start a business in Qatar 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. Here are some of the stages for start a business 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. 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.

2. How to set up a business in Qatar Qatar National Vision 2030, a development plan launched in 2008, initiated the country's economic diversity in non-oil sectors and oversaw numerous improvements in international investment policies and procedures. There are certain criteria to be met to start a business in Qatar. You can only begin doing business in Qatar as a foreign investor if you have a minimum authorized share capital of USD 55,000 and at least one local Qatari partner. Private LLC companies are the most standard business setups, with the foreign investor owning up to 49% of the shares, with the remaining 51% held by the Qatari partner, who is typically an expert passive Qatari shareholder.

3. Business Structures ● ● ● ● ● ● ● ● Sole Proprietorship Company Shareholding Company Simple Partnership Company General Partnership Company Limited Liability Company International Engineering Consultancy Office (IECO) Branch Office Representative Office If you do not want a Qatari shareholder and do not want to make a large investment, you can sign an agency agreement with a professional agent or distributor.

4. Procedures to follow to start a business in Qatar There are many procedures to follow before Start A Business in Qatar. Some of them are: ● ● ● ● Approval of proposal Applying for tax card and issuing company stamp Applying for computer card upon receipt of trade license Registration with Chamber of Commerce The above are only a few of the formalities. There are many more depending on the type of business you are planning to set up. Start A Business In Qatar | Business setup in qatar

5. Why should you hire a consultancy? There are many consultancies and licensing services that can help your journey with company formation in Qatar. Right from providing legal support to finding the best Qatari partners, consultancies and licensing services in Qatar. Qatar Helpline Group is one of the best licensing services you can rely on that can help you to start a business in Qatar. We have been in the field for more than 20 years and have experts who can guide you at every step. Call us today to know more.