One Person Company in Qatar

Qatar welcomes foreign investors and business start-ups to form a company or invest into their market, so it is not surprising that it is a prime target for new businesses in the region. Numerous tax exemptions and financial incentives can make setting up a business in Qatar extremely rewarding, due to which company formation in Qatar is said to be beneficial for an investor as it comes with many incentives.

There are various business entities through which an individual can start a business in Qatar. The One Person Company (OPC) has been introduced as a strong improvement over the sole proprietorship. It gives an individual full control over his/her company while limiting the liability to the contributions to the business.

Features of a One Person Company in Qatar

  • The liability is limited to the extent of investment
  • Easy access to loans and funds from bank and financial institutions
  • An OPC must have just one shareholder
  • Minimum 1 director and a maximum 15 directors can be appointed in an OPC
  • If an OPC hits an average three-year turnover of over Rs. 2 crores or has a paid-up capital of over Rs. 50 lakhs, it must be turned into a private limited company or public limited company within six months
  • It must also file audited financial statements with the Ministry of Corporate Affairs at the end of each financial year
  • The company must have a minimum share capital of QR 200,000 paid in full

How to Set Up a One Person Company in Qatar?

The registration process for a One Person Company is similar to that of other business entities. Other than that, every OPC must nominate a Nominee Director in the MOA or AOA who will become the owner of the OPC in case the Promoter Director is disabled. Therefore, it is important for the Entrepreneur to carefully consider the features of an OPC prior to incorporation. An additional requirement includes an appointment of a nominee during the incorporation of One Person Company. This nominee will undertake the management of the company, in case of death of the Sole member.

Apart from this, the Articles of Association (AOA) is an important document for OPC company formation. The company should have an Article of Association stating its rules, data, and procedures of its entry and registration. Such a company shall not have a corporate personality before its registration. The name of the company shall be linked with the name of the holder of its share capital followed by the words “One Person Company (O.P.C.)”.

Documents Required to Set Up a One Person Company in Qatar

To be submitted by the Director of the Company:

  • Scanned copy of Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter's ID/Passport/Driver's License
  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Scanned passport-sized photograph
  • Specimen signature (blank document with signature)
  • Notarized Articles of Association

For a Registered Office:

  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Scanned copy of Notarized Rental Agreement in English
  • Scanned copy of No-Objection Certificate (NOC) from the property owner
  • Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

The company’s owner shall be responsible from his own assets for company obligations unless he/she separates their personal interests from that of the company. The company shall be dissolved upon the death of the holder of its share capital, unless the shares of the heirs are held by one person, or the heirs select to continue the company in another legal form. If you are interested in setting up a One Person Company in Qatar, we at Business Setup Worldwide can help you in setting up your business. Our advisors in Qatar have complete knowledge of the setup process and keep themselves updated with the new regulation so that your company registration in Qatar can be hassle-free. Contact us to know more – we’d be happy to help!