The capital and most populous city of Qatar, Doha is located midway down the east coast of the Qatari peninsula. It is the administrative, financial and cultural centre of the country. Doha is home to the headquarters of various domestic and international organizations, including Qatar’s largest oil and gas companies, Qatar Petroleum, Qatargas and RasGas. To diversify the country’s economy and to reduce its reliance on oil and gas industries, the government has been taking initiative since the late 20th century, and as a result, real estate and tourism in Doha have grown remarkably thence.
Benefits of Setting Up Your Business in Doha
Doha is the federal and commercial capital of Qatar, the country with the highest per capita GDP in the world. It is backed by a strong economy and a stable political milieu.
Doha Port is the only commercial port in Qatar, and handles most types of cargo. Thus, the city holds maritime significance in the peninsula.
Doha is a part of Qatar, so the corporate income tax rate here is just 10%, one of the lowest in the world.
The city welcomes foreign investment with open arms, having resulted in it being a place known for its business and investment environment.
We provide the following services for company formation in Doha:
Accounting and financial advice
Audit, both internal and external
Tax consulting and declaration
Business Setup Worldwide is a platform to help you grow your company internationally. We aid you in realizing your company formation dreams by helping you with company registration, incorporation, tax consulting, and company secretarial services. Doha is one of the fastest growing cities in the world. Our team of business advisors in the city can help you make the most of the business prospects the place has to offer. We can assist you with the legal and business formalities of company registration in Doha, complete with the best corporate and income tax regime setup, so that can be certain of a productive business in Doha.
Which business entity should a foreigner opt for to start a business in Qatar?
The most commonly preferred business entity by foreign investors in Qatar is the Limited Liability Company (LLC). It requires a minimum share capital of QR 200,000 (about 55,000 USD).
Can I register a company in Qatar without a local partner?
In Qatar, a foreign investor is required to have 1 or more local (Qatari) partners to start a business, with the latter’s share being at least 51%. However, non-Qatari persons can directly invest in the sectors of agriculture, industry, healthcare, education, tourism, exploitation and development of natural resources, energy or mining.
What is the corporate tax rate in Qatar?
An entity that is wholly or partially foreign owned and that derives income from sources in Qatar is taxable at the rate of 10% in the country.