Company Formation in Qatar

Economic Advantages of Qatar

Qatar is one of the wealthiest countries globally, with the second-largest per capita income. It stands as the world’s top liquefied natural gas exporter, a major oil producer, and a growing hotspot for financial services and tourism. The government has undertaken significant steps to diversify the economy from oil and gas through large infrastructure projects and by promoting SMEs in the private sector.

Qatar’s economic success is driven by:

• State-of-the-art Infrastructure
• Economic Stability
• Modern, Fast-Growing, and Diverse Economy
• High Personal Wealth
• Strong Government Support
• Increased Social Development
• Reduced Tariff Rates

Government-Backed Business Sectors

The Qatari government may grant exemptions from foreign ownership laws for foreign companies or individuals in sectors such as:

• Agriculture
• The Development and Exploitation of Natural Resources
• Industry
• Technology and Information Professionals
• Health
• Cultural, Sporting, and Recreational Services
• Education
• Distribution Facilities
• Tourism
• Power or Mines

Priority is given to projects that utilize local resources, introduce new products or technologies, or aim to become global industry leaders.

Types of Companies You Can Establish in Qatar

• Partnership Company
• Partnership in Commendam Company (Joint Partnership)
• The Limited Liability Company
• Joint Stock Company
• Closed Stock Company
• Joint Venture Company

Required Documents for Business Setup in Qatar (Mainland)

Commercial Registration Document (CR)

Issued by the Ministry of Economy and Commerce. Required documents:

• Copy of the trade name approved by the Ministry
• Letter from the bank confirming minimum capital deposit
• Approved Articles of Association

Trade License (TR)

Issued by the Ministry of Economy and Commerce. Required documents:

• ID copies of authorized persons
• CR Copy
• Articles of Incorporation
• Pictures of office building and space, including signage
• Building Completion Certificate and ID of the building owner
• Rental acknowledgement, ownership instrument, and Civil Defense approval

Computer Card for Issuing Residence Permits (RP)

Issued by Immigration. Required documents:

• CR Copy
• Trade License Copy
• ID of all shareholders and individuals on the Computer Card

Incentives for Investors

The Qatar government offers several incentives for investors, including:

• Securing loans from Qatar Industrial Bank (QIB)
• No quantitative quotas on imports
• No income tax on expatriates' salaries
• No export duties
• No taxes on corporate profits for predetermined periods