A 100% ownership business in Qatar refers to a company where foreign investors or entrepreneurs can retain full control and ownership of their businesses without requiring a local sponsor or partner
As per the new law of the Ministry of Commerce and Industry (MOCI), it is no longer required for an investor to set up a business in Qatar Mainland with a 51% Qatari sponsorship. Because of its strategic location and access to the local market, this will be an optimal choice for entrepreneurs or foreign investors to start their own businesses on the Mainland with 100% foreign ownership. Incorporation in the form of LLC (Limited Liability Company) is allowed with 100% ownership in almost 90% of sectors of the economy, excluding banking, insurance, and funds investment activities.
Meanwhile, business startups in Qatar Mainland are subject to various government regulations, including tax laws, labor laws, and commercial laws. The Government is committed to simplifying the company setup process and to effortlessly running the businesses in the country.
Qatar free zone is a very popular and independent entity designed to optimize and streamline company formation. Starting a company in the Qatar Free zone sector will offer more opportunities and encourage foreign investors in Qatar. It has many benefits such as 100% foreign ownership of shares, no income tax & corporate tax, no restriction on foreign currency and taxation on foreign trade.
Qatar Financial Centre (QFC) is also a popular option in Qatar and does allow companies to set up with 100% foreign ownership. QFC is a business- friendly ecosystem that offers 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally attained profits.
Before going to set up a business in Qatar, it is necessary to know about the laws and type of business structure available for foreigners. Due to the world-class infrastructure and strong economy, many foreigners have successfully established their own companies in various business sectors in Qatar. With all assistance for company formation in Qatar, QCF Global Services will help you to incorporate your own business smoothly, simply, and economically.
If you are seeking for how to start a business in Qatar as a foreigner or like to know more about accessing the Qatar Mainland, Free Zone, and QFC(Qatar Financial Center), our qualified and expert professionals will guide you. We at ESTIHWAZ SERVICES have years of experience on serving COMPANY FORMATION in Qatar. We are a leading business consultant and helping lots of customers to register their own company in various business sectors.