Qatar’s economy is one of the fastest growing in the world. Due to the rapid growth of its economy and the focus on diversification, international businesses are increasingly seeking to establish their presence in Qatar. Business Setup in Qatar is an ideal option for anyone wanting to expand their business and create a wider outreach. And forming a Representative Trade Office in Qatar has been increasing with each passing year. Currently, a foreign company can register its representative office in Qatar in order to market and promote its business in Qatar. Although the representative office may be registered in the Commercial Registry and employ staff in its own name it is akin to a “Shop Window” and is not permitted to engage in selling or entering into contracts in Qatar.
The Minister of Business and Trade’s Decision No 142/2006 provides that a foreign firm may open a representative office without a local partner in Qatar. These offices are not allowed to conduct any financial transactions related to the company’s activity in Qatar which results in tax exemption. The advantages of this type of entity are realized, potentially, in future sales after relationships have been made by the Representative Trade Office. An RTO is established for an unlimited duration and registration is renewable on a yearly basis. Here are the steps one must follow to open an office of trade representative in Qatar.
If your foreign company is looking for an exposure in the Qatari market, you may want to set up your Trade Representative Office in Qatar. This type of representation is useful in promoting a foreign company and introducing your products to the Qatari companies as a non-trading shop.
Business Setup Worldwide is a platform to help you start a business in Qatar. We take care of Company Incorporation, Registration, Accounting and Bookkeeping Services, Intellectual Property Services, and Company Secretarial Services in Qatar. Our experts specialize in regulatory know-how, with experience in setting up companies across multiple industry sectors in the country. It can be difficult to understand the various regulations of setting up a new business in a foreign land. Our advisors in Qatar are updated with their knowledge in company formation for any business entities and will guide you through the whole process to make it hassle-free. Contact us if you are looking forward to opening a representative office in Qatar.