FACT SHEET

Qatar Qatar formally called the State of Qatar. The capital is Doha. It is a sovereign Arab emirate, placed

Western Asia. Qatar has the world's third biggest characteristic gas saves and oil holds. Qatar has one of

the quickest developing economies on the planet. To achieve better profits of investor it has adopted open

market policy. It is essential to note that foreign direct investment is promoted and foreign entities are

welcomed in Qatar to help grow the economy. In addition, there are various incentives available to attract

foreign capital including tax breaks and exemptions from customs duty. Qatar investors delight in many

additional rewards, including liberty of unrestricted vacation and also movements of funds. It has close

links between Qatar and the other Gulf Co-operation Council (GCC) countries. Non-Gulf Co-operation

Council nationals require a visa to work in Qatar

Company Incorporation in Qatar

With specific special cases, Qatar’s foreign investment law limits foreign ownership of local entities

to 49% of the entity’s capital. Foreign investors may own 100% of an entity’s capital in sectors such

as agriculture, industry, health care, education and tourism. The exploitation and development of

natural resources subject to approval by the Government of Qatar (“GOQ”).

Foreign investment is not allowed in commercial agencies and real estate

The representative office is 100% foreign owned and controlled, it is not allowed to make direct sales

in Qatar. Such an office will only engaged in activities such as promoting the business of the parent

company and market research

Branch offices must be authorized by the Ministry of Economy and Commerce. Branch offices are

fully taxable unless granted a special exemption. There is no share capital requirement for a Branch

office

Licensing in Qatar

Trade license and Signage license issued by the appropriate Qatar Municipality

Department of Commercial Registration &. Licenses is responsible to issue commercial licenses

related to business practices

Accounting and tax

The corporate income tax rate has been cut to a flat rate of 10%.There is no personal income tax in

Qatar.

There is no VAT or sales tax in Qatar

Qatar has 33 Agreements for the Avoidance of Double Taxation

FACT SHEET Qatar

Type: Limited Liability Company

Under Qatar law, foreigners can own 49%

Share Capital QR 200,000

Directors One

Shareholders Two

Memorandum and Articles of Association Yes

Can the entity hire expatriate staff in Qatar Yes

Qatar Resident Secretary Required Yes

Statutory audit required Yes

How long to open Corporate Bank Account 2 weeks

Timeframe for Incorporation 3 weeks

Annual Return Must file

Annual Tax Must file

Access to Qatar double tax treaties Yes

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