Over time, Qatar has been establishing itself as one of the strong economies in the world. Be it economical or financial; the Government has taken necessary measures to uplift all possible aspects of the nation and to provide a suitable business ground to the foreign investors. Backed by an oil-based economy, Qatar still possesses a strong side when it comes to the non-oil segment. Tourism, hospitality, manufacturing, etc. have been one of the trending business options that the global business owners choose to proceed ahead within the region. According to projections, Qatar is expected to exceed QR 773 Billion by 2022, which would drive the economy to the next level.
The process of company formation in Qatar has been made quite easy by the Qatari Government to grab the attention of global investors. Be it the industrialization, or the banking front, the Qatari Government, has made strategic moves to strengthen the nation. The region provides the business owners to proceed ahead with different business structures, based on the availability of finance and the number of shareholders, and one such option to move forward with is a holding company. This guide outlines the essentials of starting a holding company in Qatar.
Features of a Holding Company in Qatar
- Exist with the interest of controlling other business entities by buying a significant amount of company stocks
- No taxes are issued on the shares held by the holding company
- Complete access to the Double Taxation Treaties Network
- The holding company is also known as a Parent Company
- Can own trademarks, real estate, and other assets
How to Set Up a Holding Company in Qatar?
The core process of setting up a holding company in Qatar involves the following steps:
- Make sure to hold the minimum capital of QAR 200,000 (for establishing an LLC)
- Be handy with the required set of documents that involve the following:
- Identity and Address proof of the shareholder(s)
- Copy of the business plan
- Memorandum and Articles of Association
- The materials need to be submitted to the Ministry of Economy and Commerce in Doha
- Presence of a local sponsor is required to start a holding company in Qatar
Why Set Up a Holding Company in Qatar?
By now, you have got a complete idea regarding the whole process of setting up a holding company in Qatar. Now, some of the core benefits of establishing a holding company in Qatar are stated below:
Tax is one of the major concerns for a business investor or owner. The Qatari Government has taken a strong move as it waves off the income tax. This is one of the provoking steps that drive the business owners to take action ahead and proceed ahead towards setting up a business in Qatar.
2.Flexibility to Hire Global Talent
Qatar allows business investors to hire global employees to carry out business operations. Once you are done with the complete process of business set up in Qatar, you can proceed ahead with hiring your employees. Make sure that you need to hold an investor visa for yourself and an investor visa for the selected employees. To get a complete idea of how to proceed, read our guide on Visa Services in Qatar.
3.Multiple Location Options
Location plays a vital role during the complete process of business establishment. The region of Qatar provides various location options to the business investors to choose from, depending on the availability of the investment capital and the number of shareholders. For example, there are different types of free zones in Qatar, like the Qatar Financial Centre, Qatar Science, and Technology Park, that is dedicated to finance and science.
4.Multiple Business Options
When it comes to a business establishment, the ground of Qatar provides a wide range of opportunities to the investors. Ranging from starting a retail store to set up a manufacturing industry, the region offers feasible setup options. The State of Qatar is a favorable ground for different business industries, and to have a better idea of this, you can refer our guide Top 7 Business Opportunities in Qatar.
5.Easy Set-Up Process
The answer to Why Invest in Qatar is the easy business set up a process that the region provides. As compared to the other GCC nations, you can set up a holding company in Qatar within a short duration. Here’s a guide on how to start a business in Qatar, which will help you to understand the standard process in a much easy way.
6.Easy Availability of Visa
To ease the business owners to start a business in Qatar, the Government has eased the process of obtaining a visa. Investors need to get an investor visa before proceeding towards the business set up in Qatar. Most of the business owners prefer to continue ahead with the visa experts to ease the process and clear the proceedings at a faster pace. At Business Setup Worldwide, our visa experts are well-versed with the relevant procedure and can assist you in the complete process.
As mentioned in the initial section that the Qatari Government has been taking necessary steps to uplift the economy from all the possible aspects, we can say that the outcome results in improving the business environment for stronger economic growth in Qatar. Apart from that, the Government is also heading towards Qatar National Vision 2030 to elevate the country through the implementation of futuristic development goals.
It can turn out to be a troublesome process to start a company in any foreign land if one is not well-versed with the company incorporation rules. At Business Setup Worldwide, we take the initiative of understanding your business needs and provide tailored solutions accordingly. Experts in our team are well-versed with the complete registration process for a holding company and can guide you accordingly. If you hold any queries, feel free to have a word with our experts. Contact us today-we’d be glad to assist.