When incorporating, you must look at the law in the country, in Qatar is mixed (civil and sharia) law. You will want to get some local advice as to how to best structure a company in Qatar. Electronic signatures are permitted.
The country code QA is for Qatar and the most common company type in Qatar is a LLC.
The amount you'll have to wait is about 1 month to incorporate a LLC in QA. The types of cash you can use to fund your legal entity is often QAR and any legal tender.
Yes, one is allowed to re-domicile a LLC from QA. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Qatar as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to 100% of the total equity of the company.
A company is only required to have 1 director on the board. Additionally, corporate directors are not permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an address which can receive any official legal correspondance on behalf of the registered legal entity. However, a corporate secretary is another cost you will need to incur.
There is an obligation to file yearly tax returns. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Qatar Mixed (Civil and Sharia) is 200,000.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Qatar, Ministry of Business and Trade (Hukoomi). Shareholders are disclosed in the Ministry of Business and Trade (Hukoomi).
Typically companies take 1 month to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Qatar is a ok option and have given it a score of 58 as an IO score, using the Incorporations.IO proprietary formula.
1 monthto form