A joint stock company in Qatar can be incorporated relatively quickly, but specialist help is recommended in terms of procedures. With the support offered by our company formation agents in Qatar, you can set up a joint stock company and start activities in this country. In the following you can discover some of the requirements and formalities for opening such a business structure, specifying that our agents have experience in company formation in Qatar.
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Required number of shareholders to form a JSC in Qatar
The opening of a joint stock company in Qatar is not restricted for foreign citizens. Thus, at least 5 shareholders can establish a joint stock company in this country. Approvals in this sense are issued by the Qatari Ministry of Trade and Industry.
What is the minimum share to open a joint stock company in Qatar?
A joint stock company in Qatar can be opened with a minimum share capital of QAR 10 million. The amount must be deposited in a local bank account, as the law stipulates in this regard. If you want to open a joint stock company together with other partners, you can opt for our services. One of our agents can represent the company before the authorities for registration and can also offer assistance in opening a bank account in Qatar.
What formalities must be observed for setting up a JSC in Qatar?
The establishment of a joint stock company in Qatar is possible by taking into account the following aspects:
- The process starts with the reservation of the business name.
- The next step is the drafting of the Memorandum of Incorporation, alongside the Constitutive act of the joint stock company in Qatar.
- A representative is needed when opening a JSC in Qatar.
- A deposit of at least 20% of the requested minimum share capital is mandatory.
- All documents, including copies of the passports of shareholders, must be translated into Arabic and certified by the Qatari embassy in the country of origin of the company owners.
- Qatari Financial Markets Authority issues specific approvals for public joint stock companies.
- Also as part of the process of establishing a joint stock company in Qatar is the presentation of a feasibility report.
Considering that the entire registration process may seem difficult for foreign entrepreneurs, we recommend the services offered by our agents. We are here to help you set up a company in Qatar at any time.
Changing an LLC to a JSC in Qatar is possible
If you want to open a company in Qatar and choose the limited liability company form, you must know that this structure can be changed at a given time. Thus, the LLC can transform into a joint stock company in Qatar after preparing the necessary documents in this regard. A copy of the Articles and Memorandum of Association as well as information about the last two budgets of the company, among others, are requested here. You can talk to our Qatari agents if you want to switch from LLC to JSC. We are here to explain everything about company incorporation in Qatar.
Some facts about companies in Qatar
Here is some information about the situation of existing companies in Qatar:
- According to the most recent data, there were around 1,626 companies registered in each industry/sector in Qatar.
- It is estimated that there are approximately 55,290 companies registered in Qatar.
Our local agents can help you in other aspects, apart from opening a joint stock company in Qatar. For example, our accountants in Qatar can offer you complete services when you want to open a company. On the other hand, those interested in immigration to Qatar can discuss with our local experts. Legal help is offered for getting residency in Qatar. Please contact us to benefit from free case evaluation and personalized offers.