Despite being a relatively small country, Qatar is one of the richest economies in the world based on GDP per capita and while petroleum and natural gas account for over 70% of total government revenue, its current primary focus is on the development of its non-energy related industries, such as petrochemical, real estate, financial services, education, health, sports and tourism.
Qatar is a country with a fast-growing economy and forward-thinking growth strategy that will undoubtedly provide diverse investment opportunities for businesses over the coming years. There are many multi-tiered investment opportunities that currently exist in Qatar, thanks to the country’s progressive economic policies and drive for infrastructure growth and revenue diversification.
Business setup in Qatar has grown in popularity having captured the attention of many foreign investors following the global coverage of the 2022 FIFA World Cup. Many are recognising the wealth of investment opportunities for infrastructure, hospitality, and education as well as the more traditional sector strengths such as shipping, logistics, local transportation and of course, oil & gas with the North Field Expansion Gas Development Project that was announced by Qatar Petroleum in 2017.
Businesses are seeing huge development in line with the Qatar National Vision 2030 to ensure that the country incentivizes foreign investments and facilitates market growth across all sectors in Qatar.
Company registration in Qatar has grown significantly with entry barriers being vastly improved in the last decade to provide more options across the mainland and free zone setups in Qatar.
For companies in Qatar, it is now possible to have 100% foreign ownership. Qatar has been developing its business landscape in recent years to align with its ambitious Vision goals, to move away from its economic reliance on the oil and energy sectors. The transformative milestone in Qatar’s business environment proves to investors that Qatar is committed to being more flexible and autonomous. Read More >>
Our Doha office has an extensive team with local knowledge who are dedicated to guiding you on how to start your company in Qatar. If you are planning to expand from another regional or international location, or setup as a new business in Qatar - Sovereign PPG provides foreign investors with a completely tailored Qatar company formation solution and this begins with identifying the correct legal entity or corporate service for your business.
In Qatar, there are a number of entity types for foreign investors to set up their business. The most common entity types across both mainland and freezone in Qatar include Limited Liability Company (LLC), Qatar Financial Centre (QFC) and Qatar Free Zone (QFZ). To register your business in Qatar, you will have to register with the relevant authority either in the mainland or the freezone in which you incorporate. In most cases, Qatar now allows for 100% foreign ownership of the Qatar entity.
In Qatar there are a number of entity types possible to set up, the most popular are: Limited Liability Company (LLC) incorporated in the State of Qatar (mainland), Branch Office and Representative Office, LLC incorporated in Free Zones (QFZA & QSTP), LLC incorporated in Qatar Financial Centre (QFC), Joint Stock Company (JSC), and Holding Company.
Setting up a company in the State of Qatar under the Ministry of Commerce and Industry is dependent on the type of entity required – there are different requirements and processes for each. This is also dependent on how efficiently the required documentation is appropriately collected, as this may cause a longer set up time. Generally, setting up a company in Qatar could take between 4-6 weeks.
100% foreign ownership is permissible within the free zones and Qatar Financial Centre (QFC) jurisdiction in Qatar. It is also possible for foreign ownership in certain mainland sectors upon approval granted by the authorities. Branch Offices can also be set up under foreign ownership, but it must be performing a government contract. A Trade Representative office may also be foreign-owned, but cannot trade.
Foreign Direct Investment is limited to 49% of a company's capital. However, 100% ownership in certain situations and with government approval is allowed. Foreign investments (in mainland under MOCI) are not allowed, particularly in the purchase of real estate and commercial agencies, banking and insurance companies unless authorised by the Ministry.
Once the commercial registration has been issued an application for a trade licence can be submitted. This trade licence will be valid for a period of at least one year and is renewable. The following documents are required:
For a detailed discussion on the requirements and timelines to set up a company in Qatar please contact a member of the Sovereign PPG team in Qatar on +974 4478 8765 email us at info@vpqatar.com. Alternatively, please complete the contact form below and we will be delighted to assist you.
Company owners know the importance of protecting intellectual property and all features involved. Registering a trademark will ensure that the company is not implicated in different infringements like copied trademarks and logos. Here is some information about how you can register a trademark in Qatar:
One should note that foreigners in Qatar must appoint a representative with a power of attorney for trademark registration in this country. It is important to be distinctive in the market and have a unique trademark for your company in Qatar, so a prior verification is required before starting the registration process. If you would like to know more about the trademark registration process in Qatar, please to talk to one of our specialists and ask for details and support.
The trademark certificate is valid for 10 years from the date of issuance and can be renewed for another 10 years. It is only valid in Qatar.
Once the labour quota is approved, you will come to Qatar on an employment visa. After entry, your contract of employment will be registered with the Labour Department and you will be required to undergo a medical examination, in addition, your fingerprints and an eye scan will be taken. When the results of these are confirmed, you will be issued with a Qatari Identity Card, at this point, you become a resident of Qatar.
The Articles of Association is the constitutional document for a company in Qatar. This document is signed when natural or legal person(s) commit to set up a company and they set out the guidelines on how the company is run and administered. The AOA must be drafted in accordance with Qatar Companies Law or in accordance with the rules and regulations of the free zone or QFC (depending on where the company is set up).
Setting up an LLC in the Qatar Freezone (QFZ)
For incorporation of an LLC, you will require all the documents relating to the free zone entity. These are:
Note that where shareholders may be corporate entities then the relevant Board Resolution and Power of Attorney must be obtain from the country of origin and Notarised Legalised and Attested through the Qatar embassy in that country. PPG can assist with this process as needed.
Setting up a Foreign Branch in the Qatar Freezone (QFZ)
In order to register a branch office in the Qatar Freezone, you must provide the following:
With setting up Branch office in QFZ the relevant Board Resolution and Power of Attorney must be drafted from the parent company and obtained from the country of origin and Notarised, Legalised and Attested through the Qatar embassy in that country. PPG can assist with this process as needed.
What are the fees to set up in the Qatar Freezone (QFZ)
The initial government fees to set up in QFZ are QAR11,000 for an LLC.
This is comprised of QAR 300 freezone application fee, QAR 5,700 freezone registration fee and QAR 5,000 annual licence fee.
It is possible to add partners to a commercial registration when they buy shares in the company. The process requires a Share Transfer Agreement and amendment to the articles of the company and then an update of the commercial registration.
You must first select whether the trade name is a trademark or not.
For trade name:
For trademark:
Enter the name of the trademark and attach the required documents.
Book a call with one of our company formation specialists.
For a FREE company formation guide click here