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Qatar Business Formation

Gas-rich Qatar has the highest per capita income in the Middle East and is one of the world's fastest-growing economies. Qatar business formation is an increasingly attractive option for entrepreneurs, despite being an expensive and difficult process. The challenge of Qatar business formation is exacerbated by i) high government fees ii) inconsistent and complex Qatar Company Law and iii) inefficient bureaucracy. That said, Healy Consultants has completed Qatar business formation efficiently and effectively for several international Clients, who value our experience in this area. The following information will help you determine whether Qatar business formation is the optimum solution for your business. 
Advantages of Qatar Business Formation
1.
Qatar is a reputable trading jurisdiction whose economy is expected to grow by 14.1% in 2007, according to an estimate by the Qatar National Bank (QNB).
2.
The first QR100,000 (US$27,500) of corporate profits earned in Qatar are tax exempt.
3.
Foreign investors planning Qatar business formation 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.
4.
There is no restriction on repatriation of capital, profits or dividends with Qatar business formation.
5.
Qatar has a strategic location in the heart of the Gulf, providing excellent access to the Gulf Cooperation Council (GCC) states.
6.
Investors planning Qatar business formation have good access to low cost skilled and unskilled labour.
7.
Investors planning Qatar business formation can secure loans from local banks, including the Qatar Industrial Development Bank.
Disadvantages of Qatar Business Formation
1.
Qatar business formation is slow.
2.
Qatar business formation law requires a Qatari partner to hold a 51% share in a local entity.
3.
A Qatari limited liability company (LLC) requires a minimum capital of QR200,000 (US$55,000).
4.
Following Qatar business formation, the company is required to keep 10% of each year's net profits until the reserve stands at 50% of the share capital.
5.
Qatar business formation attracts a top corporate income tax on profits sourced in Qatar of 35%.
6.
An auditor must be appointed if the capital of a Qatari LLC exceeds QR500,000.
7.
Qatar business formation requires a minimum of two shareholders.
Contact Us
For more information on Qatar business formation, email email@healyconsultants or telephone us at (+65) 6735 0120.


 

Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com

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