Qatar, with the world's third largest natural gas reserves and a per capita GDP that ranks among the highest in the world, is one of the most dynamic and promising economies in the Middle East. Relying on the economic diversification strategy promoted by the "2030 National Vision", superior tax policies and its hub status connecting Europe, Asia and Africa, Qatar is becoming the preferred springboard for global companies to enter the Middle East market. However, complex regulatory processes and cultural differences may discourage companies - choose Zhuoxin Enterprise's professional agency services to solve the difficulties of setting up Qatar companies in one stop, helping you to land efficiently and in compliance with regulations and seize golden business opportunities!
Open foreign investment policy
The new Foreign Investment Law of 2020 removes restrictions on foreign shareholding ratios in multiple industries, allowing 100% foreign investment in energy, agriculture, tourism and other fields. Free zones (such as Las Bufantas Free Zone) enjoy the privilege of wholly foreign-owned in all industries.
High tax-free dividends
Corporate income tax as low as 0%: Free zone companies enjoy a 15-20 year tax-free period, and some industries can be permanently tax-free.
No personal income tax: shareholders and employee salaries do not need to pay personal income tax.
Tariff concessions: zero tariffs on trade between Gulf Cooperation Council (GCC) member countries, free zone companies import equipment and raw materials tax-free.
Strategic geographical location
An aviation and shipping hub connecting Europe, Asia and Africa, with a 5-hour flight covering a global market of 4 billion people, the 2022 World Cup will promote the comprehensive upgrade of infrastructure and logistics networks.
Government incentives
Key industries that meet the "2030 Vision" (such as technology, medical care, and education) can receive land subsidies, financing support and fast approval channels.
Excellent business environment
Global digital services rank first in the Middle East, business registration can be handled online, and the World Bank's ease of doing business ranks among the top three in the region.
Energy and Industry: Natural Gas Technology Development, Petrochemical Equipment Supply, Renewable Energy Solutions
Infrastructure and Engineering: Smart City Construction, Transportation Facilities, Water Engineering (Infrastructure Demand Continues to Release after the World Cup)
Finance and Technology: Islamic Finance, FinTech, Blockchain and Payment Platform (Qatar Financial Center QFC Provides Exclusive License)
Medical and Education: High-end Private Hospitals, International Schools, Vocational Training (The Government Plans to Add 12 International Colleges and Universities by 2030)
Tourism and Culture and Sports: Event Operations, Culture and Entertainment, Luxury Retail (Tourists Increased 45% Year-on-Year in 2023)
Logistics and Trade: Bonded Warehousing, Cross-border E-commerce, Auto Parts Transshipment (Annual Throughput of Hamad Port Exceeds 7 Million TEUs)
Choose company type: Common company types in Qatar include Limited Liability Company (LLC) and Joint Stock Company (JSC).
Usually it takes 4-8 weeks.
●Choose and register a company name: Make sure there are no duplicate company names. You can search for them at the Ministry of Commerce and Industry (MOCI) in Qatar.
●Registered address: You need to have a legal registered address in Qatar, which can be a shared office space.
●Prepare registration documents
Registration documents: Including company articles, list of shareholders, list of directors, etc.
Notarization and translation: If the documents are in a foreign language, they need to be translated and notarized.
●Open a bank account
Pre-deposit capital: Open a bank account and deposit the registered capital.
Bank confirmation: The bank confirms the arrival of funds.
●Company registration application
Submit registration application: Submit all documents to the Ministry of Commerce (MOCI) in Qatar.
Audit: The Ministry of Commerce conducts an audit and issues a company registration certificate.
●Tax registration
Apply for tax registration: After registration, you need to register for tax at the General Tax Authority (GTA).
Time: 1-2 weeks.
Social insurance and labor insurance registration
Social insurance and labor insurance: The company needs to apply for social insurance and labor insurance for its employees.
●Other matters
Company seal: In Qatar, companies need to have a seal to sign contracts and documents.
The specific requirements for company registration in Qatar vary depending on the needs of Chinese investors. The following are several common types of companies and the basic materials required for registration:
Limited Liability Company (LLC)
Suitable for small and medium-sized enterprises.
Capital: The minimum registered capital is 200,000 Qatari riyals.
Shareholders and directors: At least two shareholders and one director are required.
Registered address: Must have a registered address in Qatar.
Registration information: Articles of association, list of directors and shareholders, proof of registered address, etc.
Joint Stock Company (JSC)
Suitable for large enterprises or companies planning to go public.
Capital: The minimum registered capital is 10,000,000 Qatari riyals.
Shareholders and directors: At least five shareholders and three directors are required.
Registered address: Must have a registered address in Qatar.
Registration information: Articles of association, list of directors and shareholders, proof of registered address, etc.
In the process of registering a company in Qatar, Chinese investors need to understand and estimate a series of related fees. The following are the main fee categories and explanations:
Capital
Registered capital: Qatar has clear requirements for the minimum registered capital, which is 200,000 Qatari riyals for a limited liability company (LLC) and 10,000,000 Qatari riyals for a joint stock company (JSC).
Registration fees
Registration fees: Registration fees are required for both LLCs and JSCs.
Stamp duty: Stamp duty is required for the articles of association.
Notarization and translation fees
Document translation: Documents such as the articles of association, shareholder and director lists need to be translated, and the cost depends on the number of documents and the charging standards of the translation company.
Notarization fees: Foreign documents need to be notarized, and the cost depends on the number of documents and the charging standards of the notary office.
Office address
Rental fees: The cost of renting an office address depends on the city and specific location, and the rental fee varies from region to region.
Registering a virtual address: Using a virtual office address can reduce costs, and the specific fees are more flexible.
Opening a bank account
Bank account opening fees: Some banks may charge an account opening fee, the specific amount depends on the bank's policy.
Consulting and agency services
Company registration agency fees: If you choose a third-party agency to assist in registration, the fees vary depending on the service content and company size.
Legal and tax consulting fees: Legal and tax consulting fees depend on service time and specific needs.
Making seals
Company seals: In Qatar, companies need to have seals (Seal) to sign contracts and documents, and corresponding fees need to be paid for making seals.
Other costs
Miscellaneous costs: may include postage, transportation costs, etc., depending on actual conditions.
Cost summary
The overall cost of registering a company in Qatar varies depending on the size of the company and specific needs. In order to understand the specific costs more accurately, it is recommended that Chinese investors consult us in detail before registration. Zhuoxin Enterprise will provide you with professional support throughout the process to ensure a smooth registration process.
Corporate Income Tax
Tax rate: The standard corporate income tax rate is 10%.
Tax obligations: Companies are required to declare and pay corporate income tax annually.
Value Added Tax (VAT)
Tax rate: Currently, Qatar has not implemented VAT.
Tax obligations: If there is a change, companies are required to declare and pay VAT on a monthly or quarterly basis.
Other taxes
Capital gains tax: Applies to the value added on the sale of assets.
Dividend tax: The tax rate is 5%.
The process of registering a company in Qatar generally involves determining the company type and name, preparing registration documents and notarized translations, applying for a commercial license, applying for a computer card/organization card from the Ministry of Interior, opening a bank account, submitting the company registration application to the Ministry of Commerce, and completing tax registration. If all documents are complete and the process goes smoothly, the entire procedure typically takes about 2-3 months. (Adam)
A limited liability company in Qatar requires a minimum registered capital of 200,000 Qatari riyals, while a joint-stock company requires a minimum registered capital of 10 million Qatari riyals. Actual payment is usually not required. (Adam)
A Qatari limited liability company must have at least two shareholders, which can be wholly foreign-owned, with a maximum of 50 shareholders. At least one shareholder must be a Qatari resident, and there must be at least one director. A joint-stock company requires at least five shareholders and three directors. Generally, there are no strict nationality restrictions for directors, but local notarization and residency certificates may be required. (Adam)
The main options include limited liability companies, joint stock companies, branch companies, joint ventures, limited partnership enterprises, representative offices, and publicly held companies. Limited liability companies are suitable for small and medium-sized enterprises, requiring at least two shareholders, with liability limited to the capital contribution. Joint stock companies are suitable for large or listed companies, requiring at least five shareholders and three directors. Branch companies are established by foreign companies and are not independent legal entities, with liability borne by the parent company. Joint ventures are used for multi-party cooperation on specific projects. Limited partnership enterprises consist of general and limited partners, often used for professional service companies. Representative offices can only engage in non-commercial activities such as market research. Publicly held companies must be listed on the Qatar Stock Exchange and meet minimum capital requirements. (Adam)
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.