Set Up a Limited Liability Company in Qatar
Updated on Wednesday 11th August 2021
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The limited liability company is a commonly used business form in Qatar. It is suitable for small to medium-sized businesses and it allows for a convenient degree of investor protection. Investors who what to set up a limited liability company in Qatar should remember the specific laws for foreign company ownership in this country. One of our company registration agents in Qatar can help you with information about the requirements for LLCs in 2021.
The characteristics of the limited liability company
The limited liability company, or LLC, is a type of company that has a minimum of two founders and a maximum number of fifty partners. Each of the shareholders is liable only to the degree of capital invested in the company – this limited liability characteristic makes it advantageous for investors. The minimum share capital for a limited liability company is 200,000 QAR (approximately 45,832 EUR) divided into equal shares with a value of 10 QAR or more. Foreign investors are allowed to hold a maximum of 49% in the company and the LLC must have one or more Qatari partners. In some business sectors, full foreign ownership may be permitted, however, it is recommended to talk to one of our Qatar company formation agents to clear information on the conditions for fully owning a business.
Qatar limited liability company registration in 2021
All LLC in Qatar needs to be registered with the Ministry of Economy and Commerce. For this purpose, investors need to prepare the Articles of Association and the Memorandum in Arabic. Our Qatar company registration agents can help you during this step. The company needs to have a unique trade name and a corporate bank account. The company’s constitutive documents, together with the documents that prove the name availability are submitted with the Ministry of Economy and Commerce and the legal entity receives a commercial residence certificate. Additional charges, permits or licenses may be needed according to each business activity undertaken by the company. Our lawyers can help you with information about the laws on licensing. The trade license is one of these mandatory permits and it is also issued by the Ministry of Economy and Commerce.
The taxation and incorporation requirements differ in the Qatar Financial Centre and the Qatar Science and Technology Park. Investors should be well informed about the advantages of these special zones, including full foreign ownership permissions, before deciding to incorporate an LLC in any of the areas. A team of accounting specialists can help you comply with the rules in force.
If you need to set up a company in another country, such as Saudi Arabia, we can put you in touch with our local partners.
One of our Qatar company registration agents can help you incorporate a limited liability company or any other business entity of your choice in 2021. Contact us for more information and additional details. We can also help you with company incorporation in Sweden.