Salaamz
Hi
I am new to Qatar I have heard of a law reqarding 100% Foreign Ownership but legal advisors told me to better go for Qatari Sponsership because it takes 20-25 days for forming a LLC company in Qatar. We have to deposit 200,000Qrs in a bank a/c which can be latter used for company affairs etc. and about 30-40 grands for legal documentation and expenses. Some Qatari's prefer percentage in profits and some prefer fixed charges for sponsorship. It basically depends a lot on the type of business and your expertise. If you are not totally confident with what you are doing go for a profit sharing sponsor who will get you good business leads and contacts in a way helping you get business. If you know your business profitability and think you can pull it off all by yourself here in Qatar than go for a qatari ready with fixed sposorship charges, who will mind his own things and leave you alone with your business.
Real estate is exhorbitantly expensive in Qatar for sure. You have to hunt a lot to find a good deal.
After everything else in business it is very important How well you negotiate. And trust me Arabs are tough to negotiate so be 100% prepared with bargain skills and uptodate homework.
Salaamz
Hi
I am new to Qatar I have heard of a law reqarding 100% Foreign Ownership but legal advisors told me to better go for Qatari Sponsership because it takes 20-25 days for forming a LLC company in Qatar. We have to deposit 200,000Qrs in a bank a/c which can be latter used for company affairs etc. and about 30-40 grands for legal documentation and expenses. Some Qatari's prefer percentage in profits and some prefer fixed charges for sponsorship. It basically depends a lot on the type of business and your expertise. If you are not totally confident with what you are doing go for a profit sharing sponsor who will get you good business leads and contacts in a way helping you get business. If you know your business profitability and think you can pull it off all by yourself here in Qatar than go for a qatari ready with fixed sposorship charges, who will mind his own things and leave you alone with your business.
Real estate is exhorbitantly expensive in Qatar for sure. You have to hunt a lot to find a good deal.
After everything else in business it is very important How well you negotiate. And trust me Arabs are tough to negotiate so be 100% prepared with bargain skills and uptodate homework.
Khalid.