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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. |
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Advantages of Qatar Business Formation |
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1. |
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. |
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2. |
Investors planning Qatar business formation can secure loans from local banks, including the Qatar Industrial Development Bank. |
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3. |
There is no restriction on repatriation of capital, profits or dividends with Qatar business formation. |
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4. |
Investors planning Qatar business formation have good acces to low cost skilled and unskilled labour |
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5. |
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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6. |
Qatar is a reputable trading jurisdiction and despite the economic recession acheived GDP growth of approximately 9% during 2009. |
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7. |
Qatar government implemented a new tax system from 1 January 2010 in Qatar. The sliding tax scale of between 0-35% was replaced by a flat tax rate of 10%. This new tax system benefits larger companies who were previously taxed up to 35%. |
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| Disadvantages of Qatar Business Formation | |||
1. |
Qatar business formation is slow. |
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2. |
Qatar business formation law requires a Qatari partner to hold a 51% share in a local entity. |
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3. |
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. |
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4. |
Qatar business formation requires a minimum of two shareholders. |
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5. |
A Qatari limited liability company (LLC) requires a minimum capital of QR300,000 (US$82,000). |
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6. |
An auditor must be appointed if the capital of a Qatari LLC exceeds QR500,000. |
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Contact Us |
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For more information on Qatar business formation, email email@healyconsultants or telephone us at (+65) 6735 0120. |
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Back to Qatar Company Formation page. |
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Buy a copy of the Healy Consultants' Asia Business Set Up book for US$1000, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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