The Kingdom of Qatar is political and economic stability and high-quality infrastructure destination that welcomes international business investors and owners to step ahead and incorporate their dream business at ease.
The business landscape is a perfect home for different nationalities to enter and step into the corporate world. In the last decade, the Kingdom has been a thriving destination for business incorporation.
Be it a new expansion or even a foreign business expansion, the zone has all the favourable business opportunities.
This guide highlights the essentials that one should know if looking for a foreign business expansion or branch. So, if you are looking forward to company registration in Qatar, this is a perfect guide for you!
Foreign Company in Qatar
The Kingdom of Qatar has successfully proven itself as one of the most prosperous countries in the world, both economically and financially.
The government has come up with development strategies that have proven effective. Foreign companies consider investment incentives, banking services, infrastructure, political and social stability across all industries.
Company formation in Qatar proves more beneficial to foreign investors due to reasonable access to low-cost-skilled and unskilled labour.
Features of A Branch Office in Qatar
A few of the characteristics that a branch office in Qatar holds involves:
- Qatar regulation allows a foreign company
- The Ministry of Economy and Commerce must initially authorize a branch office
- The branch offices are fully taxable unless granted a special exemption from the authorities
- No share capital requirements for a branch office
- Domicile migration is allowed
How to Set Up a Branch Office in Qatar?
If you are looking to incorporate a branch office in Qatar, the following steps are to be followed:
Get in touch with a Business Professional
Firstly, you need to do is join hands with a business professional. Starting a business in Qatar might sound simple, but no investor can know every detail about the process.
The best possible way is to get in touch with a well-versed business professional in the proceedings.
Decide the Jurisdiction
The first thing you need to do is decide the jurisdiction where you want to incorporate your company.
In Bahrain, the business investors have the flexibility to set up a company in Bahrain Mainland and Bahrain Freezones.
Understand the Norms
Once the zone has been finalized, you need to understand the business norms accordingly. The business setup requirement for mainland and the free zones varies, and thus, any business investor needs to understand the basics at the initial stage.
Here’s a guide on the Bahrain Trade Name Rules that you should know about.
Submit the Required Documents
In the next move, you need to submit the relevant documents to proceed with the incorporation process. The list includes:
- A duly filled application form outlining the necessary details of the company shareholders and owners
- Memorandum and articles of association
- Identity proof of the business shareholders and investors
- Address proof of the business shareholders and investors
- Business plan
- Bank reference letter
Decide a Physical Space
Next, you need to decide on a physical space for your business. Again, make sure to have a word with your business consultant as they are well-versed with the legal proceedings.
For more details, look at our latest guide on: Office for Rent in Bahrain.
Obtain the Approvals
After submitting the documents, you need to gather the approvals from the relevant government authorities. The Ministry of Economy and Commerce is the governing authority that issues the licenses for business.
Once the approvals are met, you can start with your business activities at ease.
Investors from all over the world prefer Qatar as their business hotspot. Therefore, incorporating a foreign branch in Qatar is one of the wise moves that the investors can deal with.
If you plan to establish your foreign branch in Qatar, we are here to help you.
At Business Setup Worldwide, we take care of the essentials for company incorporation. Experts at BSW is well-versed with the legal proceedings and can guide you at every step.
We present you wide range of business setup services, from incorporation to opening up a bank account. So, if you are planning to expand your business in Qatar, feel free to discuss it with our experts.
For more details, get in touch with our experts. Contact us today-we’d be glad to assist!