Open a Company in a Free Zone in Qatar
Updated on Tuesday 23rd June 2020
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A modern and stable economy, high standards of living, plus a well-developed infrastructure make Qatar an ideal business hub and a great place to start a company. Foreign investors can discover the advantages of Qatar’s free trade zones where they can easily register companies, helped by our consultants. For comprehensive support and guidance, we recommend you get in touch with one of our company formation agents in Qatar.
How many free zones are in Qatar?
At the moment there are two important free trade zones, Umm Alhould (near Hamad Port) and Ras Boufantas (near Hamad International Airport), found under the supervision of Qatar Free Zones Authority (QFZA). The main purpose of these free zones is to attract foreign investments and international entrepreneurs as much as possible, offering a wide range of benefits in matters of business:
- Great partnership opportunities and innovation facilities.
- 100% ownership in companies established in Qatar.
- No corporate taxes and no customs duty.
- No personal income taxes.
The registration of a company in Qatar’s free trade zones can be made with complete guidance and support offered by our team of company formation representatives in Qatar. We are at your service at any time and we can tell you all the details referring to the company formation process in Qatar.
Conditions to open a company in a free trade zone in Qatar
Even if the legislation is permissive in Qatar, foreign investors will have to observe a few requirements in terms of business registration. They can open limited liability companies with a minimum share capital of QAR 200,000, having 100% ownership in the firm. The Articles of Association must comprise information about the owners, the activities, business address, general rules, and many more. Please bear in mind that for specific activities, one must obtain the needed licenses and permits, issued by the Ministry of Economy and Commerce in Qatar. Then, the company must obtain the TIN or the tax number by registering with the Public Revenue and Tax Authority. You can talk to our company formation agents in Qatar if you want to open a company in one of the free trade zones of the country.
What are the benefits of free trade zones in Qatar?
Complete ownership in the business, no corporate tax, no currency restrictions, modern communication, and logistics facilities, a transparent and regulatory framework are among the main advantages offered in Qatar’s free zones. There are no restrictions in matters of capital repatriation. Businessmen enjoy a wide range of partnership opportunities and are protected in matters of intellectual property. International entrepreneurs can activate in the maritime industry, manufacturing, logistics, and transportation if they settle the business in Umm Alhould Port. As for the Ras Bufonas Free Zone found near the Hamad Airport, entrepreneurs can develop international business services, light manufacturing, consumer products, or can activate in the pharmaceutical sector, to give a few examples. You can address our team of consultants if you want to start your activities in Qatar’s free zones. We can manage the entire company registration process.
Making investments in Qatar
Qatar is quite attractive to foreign investors and that because the country provides a series of business opportunities, plus support from the authorities in terms of investment encouragements and many more. The energy industry is one of the most developed in the country, due to the important oil and gas reserves, Qatar being a large exporter of these commodities. Large companies from abroad can easily establish branches and subsidiaries in Qatar, in sectors like banking, manufacturing, finances and services, pharmaceuticals, to name a few. The economic stability plays a major role when deciding for business in Qatar and that because entrepreneurs want to feel safe from a business point of view. We have gathered a few facts and figures about Qatar that you might find it interesting:
- In figures, the total FDI stock for 2018 was about USD 32.7 billion;
- According to the 2020 Doing Business report issued by the World Bank, Qatar ranks 77th out of 190 economies in the world;
- Japan, USA, Singapore, and South Korea are the main business partners of Qatar;
- Qatar has one of the lowest corporate tax in the world, set at a 10% rate.
Foreign investors interested in opening companies in Qatar’s free zones are invited to contact our team of company formation specialists in Qatar who can offer complete information and details regarding the incorporation.