Setting up business in Qatar can be either difficult or easy, depending on how you want to look at it. On the one hand, the entire process behind registering a company in Qatar doesn’t lead to a lot of red tape, nor does it involve large amounts of fees. However, the nation of Quatar also requires you to have Quatari partner or sponsor, who will then have a controlling share of your business. These are the challenges and advantages in setting up a workable business in the country Qatar, but if you are capable of adapting to these issues then running a growing business in the country will be relatively easy.
Having said that, the entire process of setting up a business in Qatar can be summed in the following manner.
Step 1: You will need to find a Qatari sponsor to back up your company and investments. Your Qatari sponsor’s share of your company will also be 51% or more. It’s also worth mentioning that although it’s not possible to have a secondary contract to re-divide the ownership of the company, it is possible to set up a secondary contract to re-divide the distribution of profits. So if you are satisfied with these legal restrictions then the remaining steps involved in setting up business in Qatar will be relatively easy.
Step 2: Next, you will need to consider the appropriate licenses for your business. Before you think about registering your company, you will need to look for the appropriate licenses for the type of business that you wish to set up. You can find this information in the Qatari government’s websites, or by purchasing books about business licenses in Qatar. At this stage, it’s also important that you clearly define what your company is designed to do and what sort of services it provides. Anything that extends beyond the scope of your company’s licenses can lead to fines.
Step 3: You will need to register for a CR number. Consider this as the most important permit for your business. Registration for a CR number requires that you have at least 200,000 QR for capital, which is then frozen in your company’s name for one month. After that period is over, the entire amount can be taken out and used for investments.
Step 4: You will need to get a real office space. You will also need to provide the Qatari government accurate information about your office’s location, a letter from your landlord stating that he is willing to rent out his property to your company, the monthly rent involved as well as other important issues.
Step 5: Register your logo. This logo will have to appear on all of your business registration forms as well as on various company merchandize.
Step 6: Prepare a concise and well defined template for all your contracts. Also, be sure to prepare an organized and mutually beneficial contract with your Qatari sponsor partner such as Pro-Partnership.
Step 7: Finally, remember that you’re in a Muslim country, so you may want to learn how Sharia law works in a general way.