Qatar company registration
DOING BUSINESS IN QATAR IN 2017
Since 2003, Healy Consultants Group PLC efficiently and effectively assists our Clients i) determine what type of business entity to register in Qatar ii) what class of business license to apply for iii) how a Qatari national sponsor will help iv) banking and cash flow considerations v) immigration and recruitment strategies and vi) office rental solutions.
Summary Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Also known as WLL WLL WLL WLL QSC IECO RTO Branch
Best use of company? All products and services Close a customer deal now Specific industries Manufacturing and export trading To secure public funding Engineering services Marketing & research Specific projects
How soon can you invoice Clients/sign sales contracts? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months Cannot 2.5 months
How soon can you hire staff? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
How soon can you sign a lease agreement? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
How long to supply corporate bank account numbers? 2 months 4 weeks 3.5 months 3.5 months 3.5 months 3 months 3 months 3.5 months
How long to supply company registration/tax numbers? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
Corporate tax rate on annual net profits? 10% 10% 10% 10% 10% 10% 0% 10%
Limited liability entity? Yes Yes Yes Yes Yes No No No
Government approval required for foreign owners? No No Yes Yes Yes Yes Yes Yes
Resident director/partner/manager/ legal representative required? Yes Yes No No Yes Yes Yes Yes
Minimum paid up share capital? none none none none US$ 2,800,000 none none none
Can bid for Government contracts? Yes Yes Yes Yes Yes Yes No Yes
Corporate bank account location? HSBC Doha Bank Standard Chartered HSBC IBQ Bank QDB Standard Chartered Citibank
Can secure trade finance? Yes Yes Yes Yes Yes Yes No Yes
VAT payable on sales to local customers? none none none none none none none none
Average total business set up engagement costs? US$ 32,599 US$ 64,444 US$ 34,549 US$ 33,475 US$ 35,914 US$ 30,914 US$ 34,795 US$ 34,800
Average total engagement period? 3 months 4 months 4 months 4 months 4 months 3.5 months 3 months 4 months
See full table
Accounting and tax considerations Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Statutory corporate tax payable? 10% 10% 10% 10% 10% 10% 0% 10%
Legally tax exempt if properly structured? No No No Yes No No No No
Group HQ tax incentives? No No No No No No No No
Must file an annual tax return? Yes Yes Yes Yes Yes Yes Yes Yes
Must file annual financial statements? Yes Yes Yes Yes Yes Yes Yes Yes
Must appoint an auditor? Yes Yes Yes Yes Yes Yes Yes Yes
Access to double taxation treaties? Yes Yes Yes Yes Yes Yes No Yes
Withholding tax on payments to foreign shareholders? none none none none none none none none
Company Registration Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Resident director/partner/manager/ legal representative required? Yes Yes No No Yes Yes Yes Yes
Minimum number of shareholders/partners? 2 2 1 1 5 Parent company Parent company Parent company
Maximum shareholding for foreigners? 49% 100% 100% 100% 49% 100% 100% 100%
Minimum statutory paid up share capital? none none none none US$ 2,800,000 none none none
Minimum recommended paid up share capital? US$55,000 US$55,000 US$55,000 US$55,000 US$ 2,800,000 US$55,000 US$55,000 US$55,000
Security deposit to be kept with Government? No No No No No No No No
Shelf companies available? Yes Yes No No No No No No
Time to incorporate a new entity? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
Can easily convert to a PLC? Yes Yes Yes Yes Yes No No No
Public register of shareholders and directors? Yes Yes Yes Yes Yes Yes Yes Yes
Can have preference shareholders? Yes Yes Yes Yes Yes No No No
Business Considerations Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Good entity for trademark registration? Yes Yes Yes Yes Yes Yes No Yes
Can secure an import and export license? Yes Yes Yes Yes Yes Yes No Yes
Sponsorship by a local citizen required? No
Our Client needs to travel to Qatar for business set up? No
Temporary physical office solutions available? Yes
You need a local resident as bank signatory? No
Can be wholly foreign owned? Yes
The entity will likely be regulated by? Ministry of Economy and Commerce
Minimum number of directors/managers? 1
Monthly VAT reporting to the Government? No
Must sign an office lease agreement during incorporation? Yes
hareholders & directors documents to be attested/translated? Yes
Each foreign director needs a personal income tax number? No
Foreign director needs a residence visa? No
Maximum number of staff allowed? No maximum number for any entity
Expatriate to local staff ratio? No
Can secure residence visa for business owner? Yes
Other useful information
This country has signed free trade agreements? Yes
This country is a member of WIPO/TRIPS? Yes
This country is a member of the ICSID? Yes
Average custom duties suffered? 4.4%
Government foreign investment approval required? Yes, if > 49%
Average monthly office rental? (US$ per sq m) US$ 55
Minimum statutory monthly salary? None
Average monthly US$ salary for local skilled employees? US$ 11,500
US$ deposit interest rate? (1 year average) 0.6%
Overseas remittance currency controls? None
Banking considerations
Multi-currency bank accounts available? Yes
Corporate visa debit cards available? Yes
Quality of e-banking platform? Good
Crowd funding available in this country? Yes
Press the link headings below to read detailed, relevant, up to date information.
Benefits and problems
Best uses for a Qatari company
Since 2003, Healy Consultants Group PLC efficiently and effectively assists our Clients i) determine what type of business entity to register in Qatar ii) what class of business license to apply for iii) how a Qatari national sponsor will help iv) banking and cash flow considerations v) immigration and recruitment strategies and vi) office rental solutions.
Summary Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Also known as WLL WLL WLL WLL QSC IECO RTO Branch
Best use of company? All products and services Close a customer deal now Specific industries Manufacturing and export trading To secure public funding Engineering services Marketing & research Specific projects
How soon can you invoice Clients/sign sales contracts? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months Cannot 2.5 months
How soon can you hire staff? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
How soon can you sign a lease agreement? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
How long to supply corporate bank account numbers? 2 months 4 weeks 3.5 months 3.5 months 3.5 months 3 months 3 months 3.5 months
How long to supply company registration/tax numbers? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
Corporate tax rate on annual net profits? 10% 10% 10% 10% 10% 10% 0% 10%
Limited liability entity? Yes Yes Yes Yes Yes No No No
Government approval required for foreign owners? No No Yes Yes Yes Yes Yes Yes
Resident director/partner/manager/ legal representative required? Yes Yes No No Yes Yes Yes Yes
Minimum paid up share capital? none none none none US$ 2,800,000 none none none
Can bid for Government contracts? Yes Yes Yes Yes Yes Yes No Yes
Corporate bank account location? HSBC Doha Bank Standard Chartered HSBC IBQ Bank QDB Standard Chartered Citibank
Can secure trade finance? Yes Yes Yes Yes Yes Yes No Yes
VAT payable on sales to local customers? none none none none none none none none
Average total business set up engagement costs? US$ 32,599 US$ 64,444 US$ 34,549 US$ 33,475 US$ 35,914 US$ 30,914 US$ 34,795 US$ 34,800
Average total engagement period? 3 months 4 months 4 months 4 months 4 months 3.5 months 3 months 4 months
See full table
Accounting and tax considerations Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Statutory corporate tax payable? 10% 10% 10% 10% 10% 10% 0% 10%
Legally tax exempt if properly structured? No No No Yes No No No No
Group HQ tax incentives? No No No No No No No No
Must file an annual tax return? Yes Yes Yes Yes Yes Yes Yes Yes
Must file annual financial statements? Yes Yes Yes Yes Yes Yes Yes Yes
Must appoint an auditor? Yes Yes Yes Yes Yes Yes Yes Yes
Access to double taxation treaties? Yes Yes Yes Yes Yes Yes No Yes
Withholding tax on payments to foreign shareholders? none none none none none none none none
Company Registration Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Resident director/partner/manager/ legal representative required? Yes Yes No No Yes Yes Yes Yes
Minimum number of shareholders/partners? 2 2 1 1 5 Parent company Parent company Parent company
Maximum shareholding for foreigners? 49% 100% 100% 100% 49% 100% 100% 100%
Minimum statutory paid up share capital? none none none none US$ 2,800,000 none none none
Minimum recommended paid up share capital? US$55,000 US$55,000 US$55,000 US$55,000 US$ 2,800,000 US$55,000 US$55,000 US$55,000
Security deposit to be kept with Government? No No No No No No No No
Shelf companies available? Yes Yes No No No No No No
Time to incorporate a new entity? 1 month 2 weeks 2.5 months 2.5 months 2.5 months 2 months 2 months 2.5 months
Can easily convert to a PLC? Yes Yes Yes Yes Yes No No No
Public register of shareholders and directors? Yes Yes Yes Yes Yes Yes Yes Yes
Can have preference shareholders? Yes Yes Yes Yes Yes No No No
Business Considerations Joint venture Fast business setup solution 100% foreign-owned company Free-zone company Public limited company IECO Representative office Branch office
Good entity for trademark registration? Yes Yes Yes Yes Yes Yes No Yes
Can secure an import and export license? Yes Yes Yes Yes Yes Yes No Yes
Sponsorship by a local citizen required? No
Our Client needs to travel to Qatar for business set up? No
Temporary physical office solutions available? Yes
You need a local resident as bank signatory? No
Can be wholly foreign owned? Yes
The entity will likely be regulated by? Ministry of Economy and Commerce
Minimum number of directors/managers? 1
Monthly VAT reporting to the Government? No
Must sign an office lease agreement during incorporation? Yes
hareholders & directors documents to be attested/translated? Yes
Each foreign director needs a personal income tax number? No
Foreign director needs a residence visa? No
Maximum number of staff allowed? No maximum number for any entity
Expatriate to local staff ratio? No
Can secure residence visa for business owner? Yes
Other useful information
This country has signed free trade agreements? Yes
This country is a member of WIPO/TRIPS? Yes
This country is a member of the ICSID? Yes
Average custom duties suffered? 4.4%
Government foreign investment approval required? Yes, if > 49%
Average monthly office rental? (US$ per sq m) US$ 55
Minimum statutory monthly salary? None
Average monthly US$ salary for local skilled employees? US$ 11,500
US$ deposit interest rate? (1 year average) 0.6%
Overseas remittance currency controls? None
Banking considerations
Multi-currency bank accounts available? Yes
Corporate visa debit cards available? Yes
Quality of e-banking platform? Good
Crowd funding available in this country? Yes
Press the link headings below to read detailed, relevant, up to date information.
Benefits and problems
Best uses for a Qatari company
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