Open a Subsidiary in Qatar
Updated on Tuesday 11th May 2021
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Establishing a subsidiary is for sure one step further in the business field for all companies looking for expansion. International investors interested in opening a company in Qatar benefit from varied advantages and fast incorporation. A subsidiary can be established under the rules of a limited liability company. Complete support can be offered by one of our company formation agents in Qatar, on request.
How to establish a subsidiary in Qatar in 2021
An LLC in Qatar must be formed with the help of a local investor or shareholders who will own 51% of the business. It is important to know that for full ownership of the business, this must be registered in the free trade zones of Qatar. Below you can find details about how you can establish a subsidiary in Qatar in 2021:
- The company registration starts with the Commercial Registry and Trademark Department in Qatar.
- The Articles of Association are the main documents of the future firm in Qatar.
- The name of the company must be verified and reserved in the first place.
- There is no need for minimum share capital, however, a bank account needs to be open for future financial operations.
- The registration for tax purposes is mandatory. The Tax Identification Number or TIN needs to be obtained.
- Once the licenses and permits are obtained, the business is approved and the company seal can be issued.
The incorporation process of a subsidiary in Qatar is not complex, however, it is recommended to have the support and assistance of a company formation agent in Qatar who can handle all the tasks. Also, you can appoint one of our representatives to act on behalf of your future company in Qatar.
How much does it take to register a subsidiary in Qatar?
The registration of a subsidiary in Qatar in 2021 is relatively fast, but it might take time until you hire staff and take care of matters like accounting, human resources, legal aspects, etc. This is where our consultants can provide in-depth support throughout the entire registration process of a subsidiary in Qatar.
Who issues the approvals for companies in Qatar?
The Ministry of Business and Trade in Qatar is in charge of issuing the necessary approvals for companies established by foreigners in this country. Even if the legislation related to foreign investments is quite permissive, there are particular rules that refer to the ownership of a business in Qatar. In some cases, foreign entrepreneurs might direct the attention to joint ventures or partnerships instead of limited liability companies for establishing a subsidiary in Qatar.
Sectors of interest for your subsidiary in Qatar
There are many sectors of business where large companies from abroad can set up their operations, such as telecommunication, education, manufacturing, exploitation of natural resources, agriculture, tourism, consultancy services. These sectors are allowed to receive direct foreign investments. For further information about how to open a subsidiary in Qatar, do not hesitate to address your inquiries to our team of consultants.
What are the benefits of subsidiaries in Qatar?
Subsidiaries enjoy a specific percentage of independency, strongly supported by the limited liability company, an important business structure available in Qatar. This also protects the company from liabilities and litigations, and it is an important advantage considered by international investors wanting to open a subsidiary in Qatar. It is good to know that you can choose already registered subsidiaries in Qatar and skip the incorporation process of such an entity. The laws in Qatar address to both local and foreign entrepreneurs, but for more details in this sense, feel free to talk to our company formation agents in Qatar. You can also solicit information about taxation in Qatar.
Making investments in Qatar
Qatar is found in the western part of Asia and it is extremely appreciated from a business point of view by numerous investors. Qatar enjoys a modern and liberal market opened to all kinds of investors and entrepreneurs, where approximately 88.3% of the country’s GDP is sustained by the trading sector. Even if Qatar is not part of the Customs Valuation Agreement, enabled by the World Trade Organization this is not an impediment for international investors to set up their operations in this country. Below you can find interesting facts and details about business and economy in Qatar:
- In 2017, the exports of goods registered around USD 67,000 million;
- Japan is the main trading partner of Qatar with more than 19% of imports and exports compared to 15.6% registered by South Korea;
- The trade balance worth around USD 50,000 million for 2018 in Qatar;
- India, China, Japan, South Korea, and Singapore are the main export partners of Qatar.
Feel free to contact us for information about how to open a subsidiary in Qatar in 2021.