Qatar Company Formation @ Healy Consultants

Qatar Company Formation

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AVERAGE ENGAGEMENT COSTS

Limited liability company
US$40,000 to 50,000*

Nominee director fee
US$5,700**

Local sponsor fee
US$15,500**

Company de-registration
US$3,450

* Depending on corporate structure and professional services required by our clients.

**Excludes US$3,300 refundable deposit.

Gas-rich Qatar has the highest per capita income in the Middle East and is one of the world's fastest-growing economies. Qatar company formation is an increasingly attractive option for entrepreneurs, despite being an expensive and difficult process. The challenge of Qatar company 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 company formation efficiently and effectively for several international clients, who value our experience in this area. The following will help to determine whether Qatar company formation fulfills your international business objectives:

Advantages of Qatar Company Formation

Foreign investors planning Qatar company 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.

Investors planning Qatar company formation have good access to low cost skilled and unskilled labour.

Investors planning Qatar company formation can secure loans from local banks, including the Qatar Industrial Development Bank.

There is no restriction on repatriation of capital, profits or dividends with Qatar company formation.

Qatar has a strategic location in the heart of the Gulf, providing excellent access to the Gulf Cooperation Council (GCC) states.

The first QR100,000 (US$27,500) of corporate profits earned in Qatar are tax exempt.

Qatar is a reputable trading jurisdiction whose economy grew by 14.1% in 2007, according to an estimate by the Qatar National Bank (QNB).

Forbes Tax Misery Index 2009 rated Qatar as having the lowest tax misery in the world. The index takes into account corporate income, employer social security, personal income, employee social security, wealth tax and VAT/sales. Forbes suggests the index can be used as a proxy to evaluate whether a country�s policy attracts or repels capital and talent.

Disadvantages of Qatar Company Formation

Qatar company formation law requires a Qatari partner to hold a 51% share in a local entity.

Following Qatar company formation, the company is required to keep 10% of each year's net profits until the reserve stands at 50% of the share capital. Qatar is negatively ranked as the world's 39th freest economy in the Heritage Foundations 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.

Qatar company formation attracts a top corporate income tax on profits sourced in Qatar of 35%.

Qatar company formation is slow due to certain levels of bureaucracy. Qatar is negatively ranked as the 22nd least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Qatar company formation requires a minimum of two shareholders.

An auditor must be appointed if the capital of a Qatari LLC exceeds QR500,000.

A Qatari limited liability company (LLC) requires a minimum capital of QR200,000 (US$55,000).

Contact Us

For more information on Qatar company formation, email email@healyconsultants.com or call us at (+65) 6735 0120.

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