A branch office in Qatar represents one of the most popular forms of business through which foreign corporations undertake their activities in this country. There is not a requirement for a local citizen to have an interest in a branch, however, a branch can usually be set up only to complete one or several contracts with the local government or with a governmental agency to effectuate a public service or utility. In this article, our company formation consultants in Qatar explain different aspects related to establishing a branch in this country. You can also be guided if interested in immigration to Qatar.
Quick Facts | |
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Applicable legislation | For foreign countries |
Best used for | – banking, – insurance, – financial operations, – specific projects |
Minimum share capital | No |
Time frame for the incorporation (approx.) | Around 3 months |
Management | Local |
Legal representative required | Yes |
Local bank account | No |
Independence from the parent company | Dependent on the parent company |
Liability of the parent company | Full liability for the branch office’s debt and obligations |
Corporate tax rate | 10% |
Possibility of hiring local staff | Yes |
Table of Contents
To register a branch in Qatar in 2024, the company has to obtain a Ministerial Decree first, which enables it to set up a branch that is entirely owned by foreign citizens. To obtain the approval registration for a branch in Qatar, the following documents must be submitted:
The documents required for opening a branch in Qatar must be notarized and legalized before starting the registration procedures. As such, the authorities only accept certified translations for non-Arabic documents.
After the approval is issued, the parent company has to obtain a commercial registration by filing certain documents. Our Qatar company formation advisors can provide all the necessary information on what these documents consist of and can collaborate with our immigration lawyers in Qatar for the relocation of a business. We also offer assistance for foreign investors to open a company in Qatar and information about taxation in this country, respecting the procedures for 2024.
Branches in Qatar can be 100% foreign-owned which represents quite an advantage for international entrepreneurs looking for safe and appreciated business conditions in this part of Asia.
Once the branch is registered with the Qatar Chamber of Commerce one should observe the regulations for obtaining a business license. As such, the trade license can be issued by relevant municipality agencies, however, applicants must provide information about the lease agreement for at least one year.
The activities that a branch may effectuate in Qatar are limited to effectuating specific contracts on which the registration is made. Further approval is needed to undertake other or to renew contracts. The registration of a branch is valid for the duration of the contract or contracts on which the registration is made and the branch has to be dissolved after completing these contracts, even though it can extend its activities by signing new governmental contracts. Our Qatar company formation agents can provide more details about the branch formalities for 2024. Plus, our immigration lawyers in Qatar are at your disposal for the relocation process of a company in Qatar.
If you are among the local or foreign entrepreneurs who want to open a business in Qatar, we recommend you benefit from the services offered by one of our accountants in Qatar. Our specialists have the necessary experience to deal with important procedures such as bookkeeping, payroll, annual financial statements, or tax minimization methods. Contact us and learn more about our services.
It is a known fact that branches in Qatar must carry out only specific activities, as established by the parent company. Compared to subsidiaries, branches cannot engage in other operations but limited to those mentioned in the Articles of Association and Memorandum of Association.
Many international companies are found as branches in Qatar. If you, as a foreign investor in Qatar, are interested in such a structure, we recommend that you read the following guide:
So, these are some important steps to keep in mind when opening a branch in Qatar. Normally, there are no complications if you receive the necessary approvals from the Ministry of Commerce and Industry in Qatar, but to ensure the smooth running of the procedures, we invite you to contact our company registration agents in Qatar. Below you can find a video presentation that might be helpful:
It is good to note that the tax card is proof that your branch in Qatar is registered for taxation. Once the formalities are fulfilled, the business owner or the manager needs to select and appoint an auditor no more than 30 days from the date of incorporation.
Qatar is one of the most popular business destinations that attract the attention of international investors. With a huge development potential in all fields, Qatar offers optimal infrastructure and business conditions for investments and their development. And to give you an idea of the economic direction in Qatar, we present some figures:
A residence permit in Qatar can be obtained in a maximum of 4 weeks from the date of application if all documents are accepted. Among these, the proof that you have registered your presence in this country, that you have a domicile and a work contract, is the information required by the authorities. You must bear in mind that certain medical tests are also required, but all aspects can be detailed for you by one of our local lawyers with experience in immigration issues.
If you need to know more about branches in Qatar, or for help in setting up such an office in this country, please talk to our company registration representatives in Qatar. Our local advisors can also offer information about immigration to Qatar, so contact us right away. We can also help you with company formation in other countries, such as Georgia, through our local partners.