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Entrepreneurs choose to incorporate a company in Qatar to tap the opportunities of the gas-rich Gulf state. Qatar has the highest per capita income in the Middle East and is one of the world's fastest-growing economies. That said, the process to incorporate a company in Qatar is expensive and difficult, because of high government fees, inconsistent and complex Qatar Company Law and inefficient bureaucracy. However, Healy Consultants has helped many Clients incorporate a company in Qatar efficiently and effectively. The following information will help you determine the pros and cons to incorporate a company in Qatar. |
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Advantages to Incorporate a Company in Qatar |
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Foreign investors who incorporate a company in Qatar can avail of other incentives such as tax breaks of up to 10 years for projects which meet certain criteria, customs duty exemptions and low-cost energy. |
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2. |
Investors who incorporate a company in Qatar can freely repatriate capital, profits or dividends from the country. |
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Investors who incorporate a company in Qatar have good access to low cost skilled and unskilled labour. |
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4. |
Investors who incorporate a company in Qatar can secure loans from local banks, including the Qatar Industrial Development Bank. |
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Qatar has a strategic location in the heart of the Gulf, providing excellent access to the Gulf Cooperation Council (GCC) states. |
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Larger companies who were previously taxed up to 35% will benefit from the new flat 10% rate of taxation, effective in Qatar from 1 January 2010. |
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Qatar is a reputable trading jurisdiction who experienced GDP growth of approximately 9% during 2009. |
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| Disadvantages to Incorporate a Company in Qatar | |||
1. |
The process to incorporate a company in Qatar is slow. |
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2. |
To incorporate a company in Qatar, a Qatari partner is required to hold a 51% share in a local entity. |
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A minimum of two shareholders are required to incorporate a company in Qatar. |
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To support Qatar company set up, Healy Consultants' Banking Team completes corporate bank account opening for our client. The account includes world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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5. |
An auditor must be appointed if the capital of a Qatari LLC exceeds QR500,000. |
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6. |
A Qatari limited liability company (LLC) requires a minimum capital of QR300,000 (US$82,000). |
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Contact Us |
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For more information on Qatar company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. |
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| © 2003-2012 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |
