Private Company Establishment
By mohammad85 •
HI ;
My name is Mohammad and I live out of Qatar.I need help and advise on the following topics:
1- what are the conditions for establishing a compnay in Qatar?
2- How can I open a US Dollar saving account at Qatari banks while I donot have resident permit
Regards
Mohammad85 - Please would you send that e-mail to me as well. My e-mail ID felix212 at gmail com
Hi Miss Interpreted,
can you send me as well your e-mail address?
Liana;
I sent you an email with the subject "Doing Business in Qatar"
plz send me your doc
Thanx
Mohammad
Mohammad85,
1. yes the law will apply to all companies.
2. a branch will have all of the legal rights that a company has, although there are some requirements for opening a branch i.e. you should have an initial letter of intent or contract for service in place.
3. if you email me I can send you a document which my firm produce called "Doing Business in Qatar" which should have all of your answers. Otherwise you can go to a law firm or accounting firm here.
Thank you all for your responce
Dear Liana;
1- Will the law you talked about be applied to small sized companies?
2- If I open a branch of my company there, will I be treated
as a normal company by Qatari goverment
3-where can I get more information about registering company
in qatar?
Regards
Mohammad
We are almost certain that the foreign capital investment law will be amended to allow wholly owned foreign companies but we are not sure exactly when they will take effect. My guess is the law will be out in late February.
Its expensive to incorporate a company here, it will probably cost you around 80,000 QR all up, unless you want to do all of the stuffing around yourself (i.e. running to the Ministry of E&C, back to the Chamber of Commerce, to the Immigration Department, to the Municipality, back to the Ministry etc) then it could be about QR 60,000. But you will go insane.
You can open a branch of a foreign company without requiring a Qatari or GCC sponsor. Do you have a company in Iran? By establishing a branch you can retain full ownership and control, and you can sponsor yourself and open the bank accounts etc without requiring the Qatari to give you permission every step of the way.
Good luck!
Hi there;
I wanted to open a couple of small sized companies in Qatar and in Dubai.... but the sponsorship law has stopped me from doing so. I heard that it will change soon and businessmen will be able to own 100% of their investments. I'm not sure why this new developlement but i think it is to do with joining the WTO it is one of the conditions that need to be fulfiled.
1- You need a Qatari guy who will hold minimum 51% of company shares (by law). he will have full control over your life. ie, u need his permission to leave the country, issue a driver's license, buy a car, ...)
Then you need to prove that you have a place for the company (electricity bill, Banner)
It will take you around 2 weeks to finish all the paper works needed to get registered and have a company number.
As for openning a US dollar saving account, as far as I know you can't until you have qatari residence. But you can open a Qatar Reyal saving accounts.