Let’s get to know these terms better to know how to start a business in Qatar:
LLC is a type of company that involves the participation of entities entirely belonging to Qatar. It is a form of a joint venture in which the parties taking part need to be Qatar nationals and must hold a stake volume of less than 51% of the total shareholding. Besides the real estate and commercial agencies, this variety of companies has the authority to operate in any sector of the economy. Once LLC is formed, it can trade freely in the State of Qatar.
General Partnership Company
If you are thinking of how to start a business in Qatar, forming a general partnership firm will be one of the smartest choices where two or more individuals enter into a mutually agreeable term of business for conducting commercial activities. In Qatar, as well, this type of company is found in abundance.
Limited Share Partnership Company
After the general partnership companies, these are probably the second most commonly found variety of companies in Qatar. For starting a business in Qatar, following the norms of limited share partnership, an enterprise must have four trustee shareholding partners along with one or more joint partners. A minimum share capital of QR.1,000,000 would be required to form a limited share partnership company in Qatar.
The minimum amount of money required for starting a business in Qatar, forming a holding company in Qatar, is QR. 10 million. However, this type of company holds the very special authority of dictating and controlling the management and finance-related issues of another company whose 51% or more shares belong to the shareholding or LLC Company.
Public Shareholding Company
Also known as a joint-stock company, the Qatar laws identify the public shareholding companies as those with either open public shareholdings or closed public shareholdings. Starting a business in Qatar can be hassle-free if you will let us do all the research and assist you in the formation of your dream enterprise.
If you are wondering how to start a business in Qatar, you can always form a joint venture company that allows participation of two or more people willing to carry out a project. According to the Qatar law, a joint venture firm exists, void of a legal personality as an unincorporated entity.
A company in Qatar can open a branch office only if the company has aspecific contract entitling the enterprise the facilities to perform public service or utility. No company can operate beyond the limits of the business contract. If the business contract authorises a company to establish a branch office, the enterprise can do so and otherwise not.
The foreign companies under this category do not have to pay but the taxes for the branch offices unless exempted.
If you are looking for how to start a business in Qatar, opening a commercial agency can be another frequently opted option. In this type of company formation, the enterprise needs to act as an exclusive agent or seller providing goods and services, produced in foreign lands, in Qatar.
A foreign firm can open a representational office without a local partner, obtain the Commercial Registration and employ staff in its own name under this registration. It operates as a ‘shop window’ to promote a foreign company in Qatar and introduce its products to Qatar companies.
Real Estate Company In Qatar
If you are wondering about how to start a business in Qatar in the real estate domain, an exclusive license from the Ministry Of Business and Trade in Qatar will be required. In the list of the activities of the company, real estate brokerage must appear.
Starting a business in Qatar requires a reliable local partner to be the majority shareholder. In case you do not have a local investor, we can help you find a reliable silent Qatari partner who will help you get the necessary licenses to start your business in Qatar. With the correct documentation provided by TrustLink for your company in Qatar, you are always protected throughout your entrepreneurial journey in Qatar.
Our years of experience and the comprehensive database can help you find the Qatari partner for your business, who would be perfect and reliable.
Click here to find out how to start a 100% foreign company in Qatar.