Qatar is regarded as one of the wealthiest nations in the world. Rich in petroleum and natural gas, the country has been attracting a number of business establishments over the past few decades. The favourable policies of the Government have made the nation more attractive for foreign investments and medium and small business ventures.
Being an economically viable country, with well-developed infrastructure, many entrepreneurs are looking to set up their business ventures in the country. Perfect Plan, a premiere business consultancy firm in Qatar, can assist and guide you on company formation in qatar and company registration in the country.
We advise and assist prospective entrepreneurs on setting up their business establishments in Qatar. Our team of dedicated professionals’ advice clients on the best possible set up that will suit their business
As a top business consultancy firm in Qatar, we provide the following services to clients looking to set up business in Qatar.
| Aspect | Business Setup Details |
|---|---|
| Platforms for Incorporation |
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| LLC Company Registration |
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| Commercial Registration (CR) | Commercial Registration includes business name, address , legal structure and activities.It is issued by the Ministry of Commerce and Industry (MOCI) |
| Commercial Registration Requirements |
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| Commercial Registration Issuance Time | Within 3 days of document Submission to MOCI |
| Trade License | Obtained from the Ministry of Commerce and Industry. |
| Qatar Chamber of Commerce | Registration is required for business registration. |
| Set Up Space for Office |
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| Engineering License (Construction/Engineering Firms) | Obtained from Ministry of Municipality and Environment |
| Construction Permits | Obtained from relevant authorities |
| Import License | Is required for importing goods. |
| Labor Laws Compliance |
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Before starting any business, carrying out a thorough market survey is essential. Market surveys give you knowledge on the viability of the business in Qatar, information on competitors, and other important determining factors.
At Perfect Plan, we conduct in-depth and exhaustive market research for our clients, informing them of every detail with regard to their prospective business venture in Qatar.
There are different types of companies that can be registered in Qatar. Based on the type of business and capital investment, we recommend the right type of company for you.
At Perfect Plan, we have a team of experienced surveyors and realtors that can locate the ideal place to set up your company. Our team considers a number of factors like, type of business, target audience and monetary resources before suggesting an appropriate location for your company. We also suggest companies in the Free zone or Business zone in Qatar.
While setting up a company in Qatar, and especially in the case of foreign investments, understanding the laws of the country is a key factor. A 2010 amendment to the Foreign Investment Law stipulates that foreign investments can be made in most categories. However, at least 51% shares must be held by a legal presence in Qatar.
We, at Perfect Plan have innumerable contacts and trusted acquaintances that can help you find the perfect partner for your venture.
Companies may be able to register as 100% foreign owned in the state subject to specific limitations. The enactment of a new Foreign Capital Investment Law in December 2018 has opened up most business sectors to 100% foreign ownership, with the exception of:
One of the advantages of a 100% foreign ownership company in Qatar is that it allows for complete control and decision-making power to be held by the foreign investor. Additionally, it may provide greater flexibility in terms of business operations and management, as the company is not subject to the same restrictions as locally-owned businesses. Finally, a 100% foreign ownership company may be able to take advantage of certain tax incentives or exemptions that are available to foreign investors.
One of the disadvantages of a 100% foreign ownership company in Qatar is that it may not be able to participate in certain government contracts or projects that require a certain level of Qatari ownership or participation. Additionally, some sectors may have restrictions on foreign ownership, which could limit the company’s ability to operate in those sectors. Finally, a 100% foreign ownership company may face challenges in navigating the local business culture and regulations, which could impact its ability to succeed in the market.
We offer hassle free company formation in qatar and incorporation procedures for your company. From opening of the valid bank account to registering the company with the tax departments, we provide smooth and easy services incorporation to clients.
We handle all the documentation and legal procedures associated with company formation in Qatar. Our team of experts are well versed in all the licenses required for commencement of the company’s business. Trust Perfect Plan to make your company start on the right note.
With Qatar's ambitious National Vision 2030 setting the stage for a booming and diversified economy, there's no better time than now to set up your business in this dynamic nation. The vision outlines a clear roadmap for sustainable development, creating a fertile ground for new ventures to flourish. Perfect Plan, a leading business consultant in Qatar, can be your trusted partner in navigating this exciting opportunity. With our in-depth knowledge of the Qatari market and expertise in navigating the implementation plans, Perfect Plan can guide you through every step of establishing your business, ensuring a smooth and successful launch into Qatar's thriving economic landscape.
| Aspect | Details |
|---|---|
| Qatar National Vision 2030 | Aim: Transform Qatar into an advanced country by 2030, sustaining development and high living standards. |
| Published | July 2008 |
| Framework | Four interrelated principles |
| National Development Strategy | Provides development strategies for government ministries to efficiently work toward QNV 2030 goals |
| Impact | Creates business opportunities and attracts investors. |
| Aspect | Details |
|---|---|
| Foreign Capital Investment Law | Allows non-Qatari investors to own up to 100% of project capital in specific sectors. |
| Foreign Company Establishment | Can establish a temporary branch for public benefit projects, with possible transition to permanent presence. |
| Foreign Ownership | Opened up most sectors to 100% foreign ownership, except financial services and real estate |
| LLC Establishment | Foreign investors usually establish LLCs with a typical ownership structure of 51% Qatari and 49% foreign |
| Temporary Branch | Used for specific contracts, subject to tax retention until project completion and tax clearance. |
| Permanent Branch (IECO) | For engineering consultancy offices, not subject to contract tax retention. |
| Trade Representative Office (TRO) | Used for distribution and marketing, but cannot conduct business directly. |
| Qatar Science and Technology Park (QSTP) | Hub for R&D and technology, offering tax exemptions and incentives for companies |
| Logistics and Warehousing Parks | Provide infrastructure and facilities for various industries, with specific parks focusing on different sectors. |
| Qatar Financial Centre (QFC) | Promotes Qatar as a hub for international banking and financial services, allowing various business activities and offering its own legal framework based on English common law |
| Qatar Free Zones (QFZs) | Independent zones offering tax exemptions and incentives for sectors like trade, logistics, manufacturing, and emerging technologies |
| Aspect | Details |
|---|---|
| Ministry of Commerce and Industry (MoCI) | Oversees commercial and industrial activities, registers establishments, issues licenses, and regulates markets. |
| Commercial Registration | Required for all businesses, often needed for government transactions. |
| Foreign Exchange and Dividends | No restrictions on foreign exchange; dividends freely remittable. |
| Anti-Money Laundering | Legislation in place, sanctions for breaches. |
| Sources of Finance | No restrictions on using own funds; bank financing available on standard terms. |
| Aspect | Details |
|---|---|
| Employment and Visas | Regulated by Labor Law; work permits and residence permits required for non-GCC nationals. |
| Visa-Free Entry | Nationals of over 80 countries eligible for visa-free entry. |
| Work Visas | Employers need an immigrant card to apply for visas and work permits for employees. Quotas may apply based on nationality. |
| Main Economic Activity | Establishments with 10+ Employees | Establishments with Less Than 10 Employees | Total |
|---|---|---|---|
| Motion picture, video and television programme production, sound recording and music publishing activities | 315 | 0 | 315 |
| Computer programming, consultancy and related activities | 3092 | 163 | 3255 |
| Financial service activities, except insurance and pension funding | 2364 | 110 | 2474 |
| Activities auxiliary to financial service and insurance activities | 2979 | 38 | 3017 |
| Real estate activities | 18,402 | 2,142 | 20,544 |
| Legal and accounting activities | 2277 | 191 | 2468 |
| Activities of head offices, management consultancy activities | 3551 | 54 | 3605 |
| Architectural and engineering activities, technical testing and analysis | 26,121 | 455 | 26,576 |
| Advertising and market research | 4895 | 390 | 5285 |
| Other professional, scientific and technical activities | 4503 | 526 | 5029 |
| Veterinary activities | 185 | 19 | 204 |
| Rental and leasing activities | 7,480 | 1,531 | 9,011 |
| Employment activities | 41,530 | 1,284 | 42,814 |
| Travel agency, tour operator, reservation service and related activities | 3382 | 287 | 3669 |
| Security and investigation activities | 30,158 | 47 | 30,205 |
| Services to buildings and landscape activities | 62,167 | 903 | 63,070 |
| Office administrative, office support and other business support activities | 2824 | 323 | 3147 |
| Total | 222,085 | 5172 | 227,257 |
The data provided by the Qatar Planning and Statistics Authority suggests positive indicators for business growth in Qatar in 2021 and the trend seems to continue in 2024. There is a significant number of establishments across various sectors that have more than 10 employees. This suggests that businesses are expanding and hiring more staff. Some of the sectors with a strong presence of establishments with more than 10 employees include architectural and engineering, real estate, rental and leasing, services to buildings and landscape activities, employment activities, security and investigation activities.
The home business activity in Qatar has recently exploded in popularity due to the entrepreneurial environment and the government support for small businesses. With the advancement in technology and relatively fewer legal requirements, starting a home-based business in Qatar has become popular recently. As Qatar encourages starting home-based businesses, the Ministry of Commerce and Industry (MOCI) has reduced the fee for obtaining a license from QR 1,500 to QR 300 and simplified the requirements for a license where the QID address of the houseowner, QID of the applicant, and Onwani have to be submitted before the MOCI.
There are several activities to get started with your own home business that include:
Thus, with the growth of the country and the support given to small and medium enterprises, the future of home business in Qatar looks really bright.
If you’re seeking the best company formation service in Qatar, your search ends with Perfect Plan. As a premier provider of company formation services in Qatar, we offer a comprehensive array of services catering to various business types. Whether you’re interested in establishing an LLC, a branch office, a representative office, or any other company in Qatar, we assure seamless and efficient handling of the process. Contact us today for a free quote on our Qatar company formation services. We’re available 24/7 to assist you. Call us at +974 44361064 or message us on WhatsApp at 97430354141.
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