Business Set-Ups

Qatar is a small, wealthy country that relies heavily on oil and gas revenue. However, Qatar is increasingly diversifying its revenue sources, focusing on non-energy-related sectors such as petrochemicals, real estate, finance, education, healthcare, sports, and tourism. Qatar’s forward-thinking economic policies create many investment opportunities for businesses. Foreign ownership of local enterprises in Qatar is limited to 49% and direct sales are not allowed, necessitating the formation of a representative firm that is 100% foreign owned and controlled. This type of entity is responsible for tasks like marketing the parent company’s products and conducting market research. For businesses looking to set up in Qatar, Connect Attestation provides reliable and efficient attestation services to make the paperwork process for establishing and operating a business in Qatar easier.

To establish a business in Qatar, certain requirements must be met according to the Commercial Companies Law:

• A Qatari founding partner is required.
• Appropriate commercial registration with the Ministry of Commerce and Industry (MOCI) is necessary.
• All legal contracts must be in both Arabic and English.
• The company must have a minimum share capital of QAR 200,000.
• The business must have at least two shareholders, with Qatari shareholders owning a majority of 51% of the company.

These requirements can make the process of incorporating a business in Qatar quite complex and lengthy. However, with the help of expert business setup services like Connect Attestation, the process can be made much easier and more efficient.