Set Up a Company in Qatar

Entrepreneurs choose to set up 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 set up 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 set up a company in Qatar efficiently and effectively.

The following information will help you determine the pros and cons to set up a company in Qatar.

Advantages to set up a company in Qatar
1.	Foreign investors who set up 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.
2.	Investors who set up a company in Qatar can freely repatriate capital, profits or dividends from the country .
3.	Investors who set up a company in Qatar have good access to low cost skilled and unskilled labour.
4.	Investors who set up a company in Qatar can secure loans from local banks, including the Qatar Industrial Development Bank.
5.	Qatar has a strategic location in the heart of the Gulf, providing excellent access to the Gulf Cooperation Council (GCC) states.
6.	Qatar is a reputable trading jurisdiction whose economy grew by approximately 9% during 2009.
7.	From 1 January 2010 a flat tax rate of 10% taxation was implemented in Qatar. This new tax system benefits larger companies who were previously taxed up to 35%.
Disadvantages to set up a company in Qatar
1.	To set up a company in Qatar, a Qatari partner is required to hold a 51% share in a local entity.
2.	The process to set up a company in Qatar is slow.
3.	Having set up a company in Qatar, the entity is required to keep 10% of each year's net profits until the reserve stands at 50% of the share capital.
4.	A Qatari limited liability company (LLC) requires a minimum capital of QR300,000 (US$82,000).
5.	An auditor must be appointed if the capital of a Qatari LLC exceeds QR500,000.
6.	A minimum of two shareholders are required to set up a company in Qatar.

For more information on how to set up a company in Qatar, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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Set Up a Company in Qatar

Advantages to set up a company in Qatar

Disadvantages to set up a company in Qatar