The limited liability company is a commonly used business form in Qatar. It is suitable for small to medium-sized businesses and it allows for a convenient degree of investor protection. Investors who what to set up a limited liability company in Qatar should remember the specific laws for foreign company ownership in this country. One of our company registration agents in Qatar can help you with information about the requirements for WLL company formation in Qatar in 2023, so make sure you get in touch with us. Plus, our immigration lawyers in Qatar can offer in-depth assistance for those interested in business relocation.
The name verification and reservation are imposed for LLCs in Qatar. in the case the selected name does not have meaning in Arabic, one must pay additional QAR 1,000.
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The characteristics of the limited liability company
The limited liability company, or LLC, is a type of company that has a minimum of two founders and a maximum number of fifty partners. In Qatar, this type of company is known as a WLL company in Qatar. Each of the shareholders is liable only to the degree of capital invested in the company – this limited liability characteristic makes it advantageous for investors. The minimum share capital for an LLC in Qatar is 200,000 QAR (approximately 45,832 EUR) divided into equal shares with a value of 10 QAR or more.
Foreign investors are allowed to hold a maximum of 49% of the company and the LLC must have one or more Qatari partners. In some business sectors, full foreign ownership may be permitted, however, it is recommended to talk to one of our Qatar company formation agents to clear information on the conditions for fully owning a business. Here is an infographic with information about the WLL company in Qatar:
Qatar limited liability company registration in 2023 – Immigration to Qatar
An LLC in Qatar needs to be registered with the Ministry of Economy and Commerce. For this purpose, investors need to prepare the Articles of Association and the Memorandum in Arabic. Our Qatar company registration agents can help you during this step. The company needs to have a unique trade name and a corporate bank account. The company’s constitutive documents, together with the documents that prove the name availability are submitted to the Ministry of Economy and Commerce and the legal entity receives a commercial residence certificate. Additional charges, permits, or licenses may be needed according to each business activity undertaken by the company. Our experts, such as immigration lawyers in Qatar, can help you with information about the laws on licensing if you are from abroad. The trade license is one of these mandatory permits and it is also issued by the Ministry of Economy and Commerce.
The taxation and incorporation requirements differ in the Qatar Financial Centre and the Qatar Science and Technology Park. Investors should be well informed about the advantages of these special zones, including full foreign ownership permissions, before deciding to incorporate an LLC in Qatar in any of the areas.
If you need to set up a company in another country, such as Saudi Arabia, we can put you in touch with our local partners.
One should note that the Computer Card is an important document that shows information about the person that represents and signs on behalf of the LLC in Qatar. The Immigration Office issues such documents.
FAQ about LLC company in Qatar
We often encounter questions about how the LLC is registered in Qatar and what are steps to follow in order to properly implement the market activities. Therefore, we have prepared a set of questions to help you get an idea about LLCs in Qatar, with the mention that our company formation agents in Qatar are at your disposal with specialized information and advice.
LLC in Qatar is the most used business structure, which can be registered by two investors, who thus become the founders of the company. Each of them is responsible for part of the investment made in the company.
Yes, WLL company formation in Qatar requires a minimum share capital of QAR 200,000 or about EUR 45,800. This amount must be deposited in a bank account in Qatar.
Qatari Ministry of Economy and Commerce is entitled to an LLC registration company in Qatar. Our company formation agents in Qatar can handle the formalities related to the documents by collaborating with the relevant institutions.
Yes, you need to open a bank account when registering a WLL company in Qatar. The minimum share capital is deposited, and then the account will be used for future financial operations in the company.
Yes, the local business partner owns 51% of the company, while the foreign investor will have the remaining 49% share in the company. Find out from our specialists what are the formalities to be followed for WLL company formation in Qatar.
Among the first documents required for LLC registration in Qatar is a Commercial residence or CR, issued by the Ministry of Economy and Commerce. With this type of document, foreigners interested in opening a business in Qatar can open a corporate bank account and even accept invoice payments. We mention that CR is obtained with the help of the Articles of Association.
In order to be able to develop certain activities, it is necessary to obtain a trade license from Qatari Commercial Registration and License. This document is issued after the LLC documents in Qatar have been verified and accepted, as well as the building completion certificate, if the businessman has office space for his business.
Yes, Qatar offers a number of benefits for foreigners who want to open their business in this country. These include free trade zones, an advantageous charging system, an experienced and multilingual workforce, and various incentives.
The formalities for registering an LLC in Qatar can be managed from the beginning by our specialists. They know the laws and procedures for setting up a company, so it will be fairly easy to get started and develop your business. You can also discuss about immigration to Qatar if you want to hire foreign staff.
Qatar, a safe investment destination
Qatar enjoys the status of one of the richest economies in the world, here contributing the largest oil and gas reserves. The best investment sectors are tourism, energy, industry, manufacturing, engineering, research & development. Tax exemptions, zero import duties on machinery, excellent infrastructure, and one of the lowest corporate income taxes in the world are some of the benefits of the business climate in Qatar, offering foreigners interested in investing in this country. Here are some interesting statistics:
- Qatar has more than USD 28.6 billion in total FDI stock in 2020.
- According to the 2020 Doing Business report, Qatar ranked 77th out of 190 global economies in terms of optimal climate and business conditions.
- The United States, South Korea, Japan, and Singapore are among Qatar’s largest investors.
International investors have multiple business opportunities in Qatar at their fingertips. Starting from this aspect, we can recommend the services of our accountant in Qatar. This specialist can deal with tax registration and returns, payroll, bookkeeping, HR administration, and the preparation of annual financial statements, representing some of the most important aspects related to accounting. We mention that all our experts can provide the necessary tax minimization solutions for the company.
Would you like a residence permit in Qatar? Our team of lawyers will be at your disposal with a series of legal services to be able to benefit from a fast, simple, and uncomplicated process. In addition to presenting a valid passport, you will also need a copy of the employment contract, proof of residence, and a set of medical tests. Contact us today to benefit from our offers and free case evaluation.
Qatar Free Zones allow 100% ownership in an LLC. However, this is also possible in mainland Qatar only in specific business fields and sectors, among which, are education, health care, or agriculture.
One of our Qatar company registration agents can help you incorporate a limited liability company or any other business entity of your choice in 2023. Contact us for more information and additional details about WLL company formation in Qatar. We can also help you with company incorporation in Sweden.