The Kingdom of Qatar is a politically and economically stable, high-quality infrastructure destination that welcomes international business investors and owners to step ahead and easily incorporate their dream businesses.
The business landscape is a perfect home for different nationalities to enter and step into the corporate world. The Kingdom has been a thriving destination for business incorporation in the last decade.
Be it a new or foreign business expansion, the zone has all the favorable business opportunities.
This guide highlights the essentials to know if you want a foreign business expansion or a Qatar branch office. So, if you are looking forward a new company registration in Qatar, this is a perfect guide!
Foreign Companies 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 in Qatar consider investment incentives, banking services, infrastructure, and 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 labor.
Features of A Branch Office in Qatar
A few of the characteristics that a Qatar branch office holds involve the following:
- Qatar regulation allows foreign companies in Qatar
- The Ministry of Economy and Commerce must initially authorize a Qatar branch office
- The branch offices are fully taxable unless granted a special exemption from the authorities
- No share capital requirements for a Qatar branch office
- Domicile migration is allowed
Process of opening a Branch office in Qatar?
If you want to incorporate a Qatar branch office, the following steps are to be followed:
Get in touch with a Business Professional
Firstly, you need to join hands with a business professional. Starting a business in Qatar might sound simple, but investors need to learn more about the process.
The best possible way is to get in touch with a well-versed business professional in the proceedings.
The first thing you need to do is decide the jurisdiction where you want to incorporate your company.
In Bahrain, business investors can set up a company in Bahrain Mainland and Bahrain Freezones.
Once the zone has been finalized, you must 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 you should know about.
Submit the Required Documents
In the next move, you must 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
Bank reference letter
Decide a Physical Space
Next, you need to decide on a physical space for your business. Again, make sure to speak with your business consultant, as they are well-versed in the legal proceedings.
For more details, look at our Office for Rent in Bahrain guide.
After submitting the documents, you must gather approvals from the relevant government authorities. The Ministry of Economy and Commerce is the governing authority that issues business licenses.
Once the approvals are met, you can easily start your business activities. Investors from all over the world prefer Qatar as their business hotspot. By following the above mentioned steps you can open a company in Qatar in a hassle free manner. Incorporating a foreign branch in Qatar is one of the wise moves that the investors can deal with.
Why Choose us?
If you plan to establish your foreign companies in Qatar, we are here to help you. At Business Setup Worldwide, we take care of the essentials for company incorporation. Experts at BSW are well-versed in legal proceedings and can guide you at every step.
We present you with various business setup services, from incorporation to opening a bank account. If you plan to expand your business in Qatar, discuss it with our experts. For more details, get in touch with our experts. Contact us today-we’d be glad to assist!