WHAT MAKES QATAR A BUSINESS FRIENDLY DESTINATION?

In today’s modern world, Qatar has managed to take rapid strides in the field of economic development and infrastructure. With active support from local authorities, Qatar has managed to build a diversified economy that has managed to create numerous employment opportunities for citizens from across the globe. This has propelled a business-friendly environment in Qatar and has enabled modern-day entrepreneurs to embark on their professional careers.

 

WHAT ARE THE STEPS THAT IS REQUIRED FOR COMPANY FORMATION IN QATAR?

Some of the documents that are extremely important for the commercial company registration in Qatar are as follows

·       Commercial License

·       Trade License

·       Computer Card

 

COMMERCIAL LICENSE

It is a document that is issued by the Ministry of Economy and Commerce (MEC). MEC is also responsible for the regulation of company formation cost in Qatar. This license helps in specifying the ownership of a particular legal enterprise owned by a few shareholders.

Some of the basic steps for procuring the commercial license are

Registration of Trade Name

The name of the trade has to be registered with the MEC as per the adherence to the required standards. The selected name has to be unique as well as in adherence to the prescribed standards

Incorporation of Articles

After having a trading name registered, it is important to get the articles of incorporation typed which involves the enlisting of all types of shareholders and different stakeholders.

 

Issuance of CR

After getting the trade name registered and articles incorporated, you can then direct the MEC for the issuance of CR. At the time of issuance, it is quite important to specify the type of businesses and the various activities involved. This is the final step involved in the establishment of a company set up in Qatar.

 

TRADE LICENSE

In order to obtain a valid Trade License, it is absolutely important to have your own office space that is approved by the MEC for various business activities. Some of the major documents that are needed for obtaining Trade License are as follows

·       Copy of ID card

·       Copy of CR

·       Copy of articles of Incorporation

·       Building Completion certificate

·       Acknowledgment of Rent

·       Authorization of Rents

 

COMPUTER CARD

A Computer Card is basically a document that specifies the signing authority of the person. It is required that the Qatari partner should be enlisted on the Computer Card while exempting the non-Qatari partner. Some of the documents that are required for procuring the Computer card are as follows

·       Copy of CR

·       Copy of Trade License

·       ID Copies of all shareholders of the company

·       ID Copies of individuals mentioned on a computer card

 

WHAT IS THE SCOPE OF BUSINESS ACTIVITIES IN QATAR?

As Qatar is rapidly developing day by day, there is an increase in the economy of the nation. With numerous benefits being provided by the local authorities, it has enabled itself a premier destination for expats and entrepreneurs. Due to the sudden increase in economic activities, there has been an increase in the emergence of new startups that have enabled employment opportunities to professionals and hence created a path for themselves to prosper and flourish in Qatar.