Qatar, one of the established Arabian countries, possesses a business stimulating environment that instigates the foreign investors to invest in different business entities. Setting up a business in Qatar is not only restricted to any specific kind of business entity.
Few Guidelines for an LLC in Qatar
- A minimum share capital of QR 2,00,000 must be available
- An LLC in Qatar possess the flexibility to carry out unlimited contracts
- Before obtaining a Trade License, it is a mandate to have an office premise booked
- The minimum corporate tax to be charged is 10%
Limited Liability Company Formation in Qatar
The essential documents required to start a company in Qatar are:
1. Commercial Residence (CR)
2. Trade License
3. Computer Card
Benefits of Setting up a Company in Qatar
Qatar provides the following benefits to its investors:
- Easy filing of corporate tax
- No income tax or social security deductions
- No taxation on exports
- Inexpensive Labor force
- Best International exhibitions and conference venues
- Excellent infrastructure
Legal Procedure of Setting up an LLC in Qatar
- Draft the Articles of Association (AOA) of the company
- Submit a request for Company Registration of a new company
- Choose a Trade Name that needs to be authorized by the Commercial Registration Officer
- Obtain the authenticated MOA by the Ministry of Justice
- Make a deposit of QR 20,000 at the bank
- Obtain permission to commence a commercial activity from the authority
- Subscription is to be made at the Chamber of Commerce and Industry
- Obtain the Commercial Registration and License
We can say that Qatar is one of the fastest-growing investment and business platforms. If you are a foreign investor and is planning to invest in Qatar, the best recommendation would be to invest in an LLC, Trustlink Qatar will help you for the company formation, Company registration and any translation service at affordable rates
Company formation in Qatar | Company Registration in Qatar - Trustlink
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