How long does it take to incorporate a Qatar Company?
Healy Consultants can legally complete Qatar Company registration within three weeks. |
What is the minimum number of directors/shareholder required for a Qatar Company?
A Qatar Company requires a minimum of 2 shareholders and 1 director. The shareholders need to be a Qatar resident but the director does not have to a resident. In addition corporate directors are permitted. |
Are there any restrictions on ownership of a Qatar Company?
For a limited liability company (LLC), foreign investors are permitted 49% of the stake provided that there are one or more Qatari parters. It is also possible for foreigners to own up to 100% of a Qatari Company upon request in specialist sectors; argriculture, industry, health, education, tourism and development of natural resources. |
Is information about the company available to the public?
A register of shareholders and directors is available for public viewing at the Ministry of Economy and Commerce. |
What are the requirements for setting up a LLC in Qatar?
The company name should be approved by the Ministry of Economy and Commerce in Doha. The signed Memorandum and Articles of Association in Arabic should be submitted to the Ministry of Economy and Commerce. Furthermore the minimum required capital should be deposited into a local Qatari bank. |
Is a Qatar Company subject to an annual audit?
A Qatar LLC is required to submit an annual tax return. If annual profits exceed US$27,470, the declaration should be accompanied by audited financial statements prepared by an auditor registered in Qatar. The taxpayer should keep accounting records in Quatari Riyals unless previously agreed with the tax administration. |
What are the minimum capital requirements for a Qatar Company?
A Qatar LLC requires a minimum capital of 200,000 QR (US$55,000). |
What are the tax implications of a Qatar Company formation?
A Qatar LLC is liable to pay corporate income tax on profits sourced in Qatar. The maximum corporation tax rate is 35% on income above 5,000,000 QR (US$1.37 million). Companies profiting less than 100,000 QR (US$27,500) are exempt from tax. There is no income tax on individual salaries. |
Does Qatar have a good nextwork of double tax treaties?
Qatar has a total of 40 avoidance of double taxation treaties. The existing double taxation treaties include countries such as; France, Netherlands, UK, Russia, Malaysia, Singapore, India and Mauritius. |
