Company Incorporation Services
Ready to establish your presence in Qatar Financial Centre? Contact Morison Qatar now for expert assistance in company formation, business setup, and registration. Let us guide you through the process and help you unlock the vast opportunities in Qatar
Company Incorporation
Morison Qatar offers comprehensive company incorporation services in Qatar, covering all types of incorporations, including Qatar Mainland, Qatar Free Zone (QFZ), QSTP LLC, and Qatar Financial Centre (QFC). Their experienced team assists clients with document preparation, government liaison, and compliance with legal requirements. Whether setting up a business in the mainland or taking advantage of the benefits offered by free zones or specialized centers, Morison Qatar ensures a smooth and efficient incorporation process. Their expertise in local regulations and procedures helps clients establish their businesses successfully in Qatar.
Legal Requirements for Incorporation
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Required documents for company registration include identification documents or passport copies of partners.
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Foreign companies require attested company documents from the Qatar Embassy and Ministry of Foreign Affairs.
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National Authentication System (NAS) user ID and password of partners are needed.
Company Incorporation Process and Timeline
The company incorporation process in Qatar typically takes 10 to 15 working days if all documents and office space are available.
Foreign Ownership Restrictions and Allowances
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The common formation of a company in Qatar is 51% Qatari ownership and 49% foreign ownership.
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100% foreign ownership is allowed in certain areas upon approval of the Ministry.
Minimum Capital Requirements
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As per the new law in force, the minimum statutory capital requirement has been removed.
Foreign Ownership Restrictions and Allowances
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As per the new law in force, the minimum statutory capital requirement has been removed.
Business Activities and Industries
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Business activities can be found through the MOCI website or Single Window of the Ministry portal.
Taxation Laws and Regulations
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Unless specifically exempt, entities generating Qatar-source income are subject to a flat corporate income tax rate of 10%
Intellectual Property Protection
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Applicants need to submit an application to protect their intellectual property rights
Government Incentives and Support Programs
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Incentives and benefits include land allocation, import of necessary goods, income tax exemption, and customs fee exemption.
Required Documentation and Paperwork
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Required documentation includes name booking, Article of Association (AoA), Commercial Registration (CR), Trade license, immigration card, and tax card.
Labor Laws and Regulations
Labor matters in Qatar are governed by Law No. 14 of 2004, known as the Labor Law.
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Written Employment Contracts: Employers must provide written employment contracts that specify the terms and conditions of employment.
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Working Hours: The standard working week is 48 hours, with a maximum of 8 hours per day. Overtime work is allowed but regulated.
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Wages: Employers must ensure timely payment of wages, meeting minimum wage requirements.
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Leave Entitlements: Various types of leaves are provided, including annual, sick, maternity, and public holidays.
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Termination of Employment: Specific procedures and conditions must be followed for terminating employment contracts, including notice periods and severance pay.
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Occupational Health and Safety: Employers are responsible for providing a safe working environment, including safety measures and training.
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Recruitment and Migrant Workers: Regulations govern the recruitment and employment of foreign workers to protect their rights and prevent fraudulent practices.
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Dispute Resolution: Mechanisms such as mediation, conciliation, and arbitration are available to resolve labor disputes.
Bank Account Opening
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After company formation, investors can apply to open a bank account with a Qatari bank. Legal documents and identification of authorized signatories are required.
Ongoing Compliance and Reporting Obligations
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Companies need to submit audited books of accounts along with tax returns to the General Tax Authority within 4 months from the end of the financial year. Withholding tax compliance and contract reporting requirements may also apply
Qatar's Free Zones
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Qatar Free Zones (QFZ) allow 100% foreign ownership, offer tax exemptions, and provide access to skilled workforce. Rental costs can be higher within the dedicated zones.
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100% Foreign Ownership: QFZ allows businesses to have complete foreign ownership, providing flexibility and control over company operations.
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Tax Exemptions: Companies operating in QFZ enjoy tax exemptions, including corporate tax and customs duties, offering significant cost savings.
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Skilled Workforce: QFZ provides access to a skilled and flexible workforce, ensuring businesses have the necessary talent pool for their operations.
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State-of-the-Art Infrastructure: QFZ offers modern infrastructure, including advanced facilities and utilities, supporting efficient business operations.
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Access to Award-Winning Air and Seaports: Companies in QFZ benefit from streamlined access to world-class air and seaports, facilitating international trade and logistics.
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Mix of Pre-Built and Land Lease Options: QFZ provides options for pre-built spaces or leasing land, allowing businesses to choose the most suitable option for their requirements.
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Competitive Rental Costs: While rental costs within the dedicated zones may be higher, they are justified by the strategic location and the benefits of operating within the QFZ ecosystem.
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No Restrictions on Capital Repatriation: Companies in QFZ can freely repatriate their capital and profits without any restrictions, facilitating efficient financial management.
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Strong Intellectual Property Protection: QFZ ensures robust intellectual property laws and data protection regulations, safeguarding businesses' innovations and proprietary information.
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Access to Investment Funds: Eligible companies in QFZ have access to investment funds, promoting business growth and expansion opportunities.
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Partnership Opportunities: QFZ provides a conducive environment for networking and collaboration, offering opportunities for partnerships and synergies with other businesses.
Suitable Office Space or Business Premises
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Finding suitable office space or business premises in Qatar can be done through real estate agencies and property listings.
Cost of Incorporation
Qatar Mainland Company:
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Government Fees: Range from QAR 7,000 to QAR 10,000.
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Professional Fees: Vary based on specific requirements. Morison Qatar can provide tailored information and guidance.
Qatar Free Zone (QFZ) Company:
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Government Fees: Unique fee structure, details available through Morison Qatar's incorporation services.
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Professional Fees: Vary based on specific requirements. Morison Qatar can provide guidance and accurate information.
QSTP LLC (Qatar Science & Technology Park):
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Government Fees: Varies based on business nature and facilities required. Morison Qatar can assist in providing relevant fee details.
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Professional Fees: Vary based on specific requirements. Morison Qatar can offer insights into professional fee structures.
Qatar Financial Centre (QFC) Company:
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Government Fees: Approximately USD 5,000 for company setup.
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Professional Fees: Vary based on specific requirements. Morison Qatar can provide guidance on professional fee structures.
Residency or Work Permits
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Foreign citizens can apply for residency or work permits as company owners or employees in Qatar.
Cultural and Business Etiquette
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Respecting the cultural norms and business etiquette of Qatar is essential for conducting business successfully.
ASHWIN SIMON
Ashwin Simon is a highly accomplished chartered accountant with extensive experience in audit, accounting, tax, and advisory services. As the Partner in Charge at Morison Qatar, he oversees the firm's operations and ensures the highest level of quality in client services. With his deep knowledge of the Qatari business landscape, he provides valuable insights to clients and assists them in achieving their financial goals. Ashwin is a Fellow of the Institute of Chartered Accountants of India and holds a Diploma in Information Systems Audit.
Are you considering company formation and business setup in Qatar? Look no further! Morison Qatar is your trusted partner for seamless company registration and starting a business in Qatar. With our expertise and in-depth knowledge of the local business landscape, we provide comprehensive services tailored to your specific needs. Our dedicated team will guide you through the entire process of company incorporation, ensuring compliance with regulations and assisting with all necessary documentation. Take the first step towards establishing your business in Qatar with Morison Qatar's reliable and efficient company registration services.
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