The liaison office in Qatar is the same as the representative office or RO which can be established by international entrepreneurs who want to introduce their business in this country, observe the investment direction and have no operations in the first place. Immediate support and assistance are provided to foreign investors interested in a liaison office in Qatar by our team of company formation specialists in Qatar. Our team is at your service if you would like to open a company in Qatar and need to know the general rules among other aspects.
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What are the characteristics of a liaison office in Qatar?
Instead of establishing subsidiaries or branches, foreign entrepreneurs can set up liaison offices in Qatar and test the market in which they want to settle the business. Here is information and details about the liaison office you can establish in Qatar:
- A liaison office in Qatar can develop and perform marketing activities in agreement with the parent company.
- There are no financial activities linked to a liaison office in Qatar.
- A liaison office in Qatar cannot operate contracts with other companies in the country.
- There is no capital requirement for liaison offices in Qatar.
- Through a liaison office in Qatar, you can get in touch with potential clients and collaborators and present your business direction.
A liaison office in Qatar is often the choice of entrepreneurs from abroad looking for exposure and for promoting their business overseas. There aren’t complicated procedures for establishing a representative office in Qatar, however, you might want to talk to one of our company formation specialists in Qatar and find out more about the support we can offer in this direction.
Do I need a name for a liaison office in Qatar?
Yes, the representative office in Qatar will have the same name as the foreign company. It is important to know that a liaison office in Qatar needs the approval of the Ministry of Economy and Commerce in Qatar, in agreement with the Commercial Registry Law. Let our team of specialists tell you more about how you can register a liaison office in Qatar.
If Qatar is the right option for the future activities of the company you own, you can also benefit from the services offered by our accountants in Qatar. With their help, you can ensure that the company complies with the requirements in this regard. Among the services you need in the company, we mention bookkeeping, payroll, HR administration, and preparation and submission of annual financial statements. Tax minimization methods can also be offered upon request.
Who can open a liaison office in Qatar?
Companies from abroad interested in establishing their businesses in Qatar can decide on opening a liaison office through which they can commence marketing activities. This is the ideal choice of numerous investors who want to be sure that their activities will find a good place in the market for further profits. Entrepreneurs from around the world are invited to benefit from the excellent business opportunities in Qatar and establish a representative office in the first place, without needing a local partner in this matter.
Taxation of liaison offices in Qatar
Because a liaison office cannot perform financial activities, there is no need to consider paying taxes in Qatar or be subject to accounting requirements. However, it is mandatory to register the RO with the tax authorities in Qatar and pay attention to the annual financial statements. A liaison office in Qatar can have local or foreign employees, but you might want to observe the requirements in terms of visas and residence in this country.
Switching the RO into a legal structure
Once you decide it is time to implement your business operations in Qatar, you have the chance to convert the liaison office into a limited liability company with 100% ownership or direct your attention to a joint venture in Qatar. The registration is subject to several formalities among which preparing the Articles of Association and opening a bank account for depositing the minimum share capital if any. Let our company formation representatives in Qatar tell you more about how you can register a company in Qatar and about the formalities involved.
Top businesses you can develop in Qatar
Qatar is an ideal business destination for many investors from abroad, whether for the ones having a large budget to invest or not. Computer-related companies, delivery service businesses, financial services companies, interior design, retail, import and export companies, or catering are among the activities and companies which can thrive in Qatar. Here are some facts about the business and the economy in Qatar:
- $357.338 billion is the GDP for Qatar in 2018;
- 10% rate is the corporate income tax in Qatar;
- the unemployment rate in Qatar is only 0.1%;
- around 15,000 companies are registered each year in Qatar.
International investors can also establish liaison offices in the free trade zones in Qatar and benefit from several tax advantages. If you are looking for more details about how to set up liaison offices in Qatar, you are invited to get in touch with our team of company formation representatives in Qatar and address your inquiries at any time.