The First Step Towards Starting A Company in Qatar
You have come to the right place if you want to start business in Qatar. In Qatar, exports have traditionally outpaced imports by a wide margin. In addition, as part of the development plan, the Qatari government has pledged to invest $200 billion in the nation’s infrastructure by the year 2030.
Together, these elements make Qatar a successful commercial location. However, there are several things to take into account when opening a business in Qatar.
- Choosing a Suitable Corporate Entity
You can select the best corporate entity for your firm after assessing your objectives and current activity for the company formation Qatar. Limited liability companies (LLC)are the type of formation that overseas investors choose to use most frequently . It has a minimum of 2 and a maximum of 50 stockholders. moreover, a registered office is necessary.
- Trade Name
You must then choose a trade name for your company. Hopefully, the one you desire is still available. You must pay an additional QAR1,000 if the name you want doesn’t have an Arabic meaning.
- Articles of Incorporation
Once you’ve chosen a trade name, you must have your articles of incorporation, which list each shareholder’s ownership interest, typed. The shareholders, their ownership, rights, and other information are listed in the articles of incorporation, a standard document. Using the standard articles of incorporation template, complete it with your name and ownership information is a good idea.
The template is extremely basic, therefore you should add a lot of new information to it or make significant changes. However, if you submit articles of incorporation that your attorneys have prepared, MEC may take more time to accept them, which will delay your process. Instead, utilise their templates to organise your CR and other things, and then have it updated by your lawyer.
- Issue the CR
You can submit your trade name and articles of incorporation for your business to receive a CR once you have both. You will be questioned about your business operations at this stage because each one entails a different set of fees. The cost may range from QAR 1,500 to QAR 7,000 annually. In essence, you must explain to them what your company plans to do.
Examples include website creation, trading contracts, retail clothes, etc. It’s possible that you won’t find a business activity that perfectly describes what you do; in that case, pick the one that comes the closest. Remember that your organisation can be linked to multiple commercial endeavours. But, also keep in mind that some business activities may require pre-approval.
- Trade License
After acquiring your CR, you must obtain a trade licence in order to have a MEC-approved office space in which to perform your business operations. Planning your schedule correctly is important because obtaining a trade licence can be the trickiest element of this process. Filling out the necessary application form from the MEC website and submitting it to the MEC with the required documentation is the first step in this process.
- Computer Card
We hope that by this point you are raking it in with your company and relaxing in your swanky office with a view of the ocean. However, you must have an empty office because you are unable to hire somebody full-time under your business at this time because you cannot grant them a Residence Permit. You must obtain a computer card for that. Please take note that while the MEC issues CRs and trade licences, Immigration issues computer cards.
A computer card basically serves as a statement of who has signing power on your company’s behalf. The non-Qatari member of your company may be listed on the Computer Card even though the Qatari partner in your business must be. Before you apply for your Computer Card, you will need to get an official company stamp that will be used on all your official paperwork.
How FutureLine Can Be of Help?
Don’t be afraid or disheartened if starting a business in Qatar seems difficult. Such chores can be delegated and outsourced to company formation Qatar, which can make the entire process seem simple. Additionally, after your organisation is established, we can assist you with all of your EOR and POR needs to ensure the efficient operation of your enterprise.
To finish the procedures to start business in Qatar for you, we have put together a team of highly qualified individuals from various fields. It is possible to get beyond the obstacles needed to launch a small business in Qatar with their expertise, experience, and methodical approach.