One of the most wealthy countries on earth, Qatar’s economy has grown mostly due to the oil and natural gas sectors. Qatar is among the top 5 countries in the world with the greatest per capita GDP, with a figure as high as $94,000. This may be the reason so many business owners and entrepreneurs want to establish a company in Qatar. Setting up a new business in Qatar is a strategic move for many entrepreneurs. The Qatari government is always working to make the nation’s economic climate more favourable so that investors and entrepreneurs can make profitable ventures there. Doing business in Qatar has a lot of benefits.

Requirements for Starting a Business in Qatar

The procedure for incorporating a company in Qatar is quite complex and lengthy.

To begin with, a business owner must meet several requirements to do business in Qatar set by the Commercial Companies Law. These requirements include – 

• A Qatari founding partner.
• Appropriate commercial registration with the Ministry of commerce and industry (MOCI).
• All legal contracts must be in Arabic and English.
• A minimum share capital of QAR 200,000.
• A minimum of two shareholders or more, with Qatari shareholders owning 51% of the company.

Company Registration Process:

The comprehensive documentation required for company formation in Qatar might make the procedure time-consuming.  Not only must the paperwork be comprehensive, but it must also be turned in to Qatar’s Ministry of Economy and Commerce before the designated period.

To begin the process of registering a corporation in Qatar, a company needs three key documents. These are:

• The Ministry of Economy and Commerce issues a document known as a commercial residence, or CR. It lists an organization’s name, ownership, and legal status. Once one has the trade name and the articles of incorporation that list all of the shareholders and their shares, obtaining it is simple.
• Depending on the kind of business structure a firm has selected, it may need a trade licence. To have office space that has been approved by the MEC, one must obtain a trade licence. In order to obtain a trade licence, the business must submit the application form together with copies of the owner’s ID, the CR, articles of incorporation, the building completion certificate, pictures of the interior and exterior of the office space, and the business authorities’ identification.
• A computer card is a record that shows who has signing power within the organisation. The computer card must have the list of Qatari members on it.

How Can Future Line Help?

It may appear difficult to launch a business in Qatar, but don’t let that deter you. Such duties can be outsourced and delegated to business registration services, which can simplify the procedure considerably. Furthermore, Future Line can assist you with all of your EOR and POR needs after your organisation is established to guarantee the efficient operation of your enterprise.

As the top business set up companies in Qatar, Future Line specializes in providing comprehensive company formation Qatar services, ensuring a smooth and hassle-free process. We provide end-to-end solutions that save you time and money by taking care of all company creation, documentation, legal compliance, and government liaison.