Companies within and outside Qatar favor among all other types of companies, establishing a limited liability company in Qatar or LLC. Foreign investors who don’t have a Qatari nationality may have to invest via a company that is incorporated in Qatar. In such a case, that company needs to have in owners one or more Qatari nationals. It may be a 100% Qatari owned company. Companies cannot hold less than 51% of Qatari shareholders’ capital. In that case, any foreigner wanting to establish a business in Qatar cannot own more than 49%.
Joint venture companies with 51% Qatari stakeholders can venture into different sectors of the economy of the country including real estate, auditing, accounting, and commercial agencies. Thus, starting a company as LLC Qatar allows foreign investors to venture into different sectors of business that the Qatar economy offers and they can perform all the commercial activities that they wish to undertake.
Registering a Limited Liability Company in Qatar
Any LLC in Qatar has to be approved by Qatar’s Ministry of Economy and Commerce. Therefore, investors have to draw up the Memorandum of Association and Articles of Association in the Arabic language. Excel Consultants & Partners LLC’s Qatar company formation agents can assist with it including selecting a new trade name and open a business bank account.
The required documents including ensuring the ability of the business name have to be submitted to the Ministry of Economy and Commerce. After this process, the LLC company in Qatar is given a commercial residence certificate. Charges, licenses, and permit requirements may differ according to the nature of the business. Every company needs to have a trade license issued by the Ministry of Economy and Commerce for commencing commercial business activities in Qatar.
Foreign investors looking to start an LLC (Limited Liability Company) in Qatar need to know that the requirements for forming an LLC differ for the Qatar Science and Technology Park and Qatar Financial Centre. Investors need to benefits they would get if they choose to start their company in one of the special economic zones in Qatar like having 100% ownership permission for their business venture.
GCC Nationals looking to establish an LLC in Qatar have a different set of rules for setting Qatari business partners can have a 50%-50% profit loss distribution and in some exceptions up to 100% ownership.
We can assist you with the 100% ownership of a Qatari business for an LLC company in Qatar, drop us an email at info[at]excelconsultants.org or call us at +974.70268254.
Sharing of Profit for a Limited Liability Company in Qatar
The ratio can be different for sharing profits and losses for LLC in Qatar. It doesn’t necessarily have to abide by the 51% and 49% arrangement for an LLC in Qatar.
Since the Qatari nationals are major shareholders in businesses established by foreign entities, trust remains an important factor for investors and entrepreneurs from abroad. They are extremely careful about choosing the right partner. Excel Consultants & Partners LLC can assist you in choosing the right business partner for your Qatari limited liability company, so you don’t need to fret about finding the perfect business partner for your LLC in Qatar.
When you select an LLC formation expert for Qatar from Excel Consultants & Partners LLC, we would assist you to finalize the agreements that can protect you as a foreign investor by placing the right controls and sharing profit on a more just basis. We also assist in planning an advanced business exit strategy for foreign investors and entrepreneurs looking to form an LLC in Qatar.
Capital Requirements for Establishing a Company as LLC Qatar
One of the top benefits of having an LLC (Limited Liability Company) in Qatar is that partners’ liabilities do not extend beyond their minimum investment capital. They have to invest minimum share capital for obtaining the commercial registration for an amount of QAR 200,000. The new requirements have changed the amount since the amended in the new Companies Law 11 promulgated in 2015. There are no minimum limits for share capital deposit or share capital.
Benefits of Hiring Excel Consultants & Partners LLC for Creating a Limited Liability Company in Qatar
Excel Consultants & Partners LLC is established as an LCL in Qatar. Therefore, we are well versed with the documentation, paperwork requirements, and timelines involved. We also take care of the entire incorporation process including labor quotas, licenses, visas, translation services, and notarization.
Our arrangement gives maximum powers to the General Manager of an LLC in Qatar to manage the day to day activities.
Our corporate office in Doha Qatar has access to provide full support to every company registered as LLC
Our ability to devise a detailed business exist strategy for an LLC company in Qatar ensures penalty-free exist for investors coming from abroad to invest in Qatar or looking to start another branch office in Qatar. We also provide assistance for the transfer of business ownership to another local Qatari national or help them restructure whenever needed.
Check our blog category on company formation in Qatar for more information.
You can reach us at info[at]ExcelConsultants.org or call us at +974.70268254.
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