Company Formation in Doha Qatar – Investment Required
When looking to start a business in Qatar, the most common type of business format chosen is the WLL, or With Limited Liability company. There are several other categories for company formation in Doha Qatar which include:
- Simple partnership company
- Joint partnership company
- Joint venture company
- Public shareholding company
- Limited share partnership company
- Holding company
When you choose to start up a With Limited Liability company in Qatar, there are several different processes and obligations that you must adhere to. Firstly, you will need to seek approval of your chosen company name from the Ministry of Economy and Commerce. This is also the place where you should submit a signed copy of your Articles of Association (which must be written in Arabic).
Company Formation in Doha Qatar – Help with Partners and Investment
Perhaps the most important thing to know when you’re setting up a WLL company in Qatar is that there’s a minimum required investment in order to qualify and proceed. Currently, in order to start a WLL company in Qatar, you’ll need to have an initial investment capital of at least 200,000 Qatari Riyals. You’ll need to set up a bank account in Qatar, into which you must deposit this investment capital. In order to register your new business start up, you are required by Qatari law to provide evidence to the Ministry of Commerce that you have these funds available to invest.
This minimum investment is regarded as a guarantee against liabilities. However, once the company is incorporated and the commercial registration has been issued, these funds are released to the company directors, or the general manager, for the purposes of funding your business. Therefore, although you’ll need to invest this minimum capital at the outset, these funds will then become available to you in order to start trading with your WLL company in Qatar.
In addition to the minimum investment required of 200,000 QR, in order to start a WLL company in Qatar you’re also required to secure a company partner who must be a Qatari national – the law states that your Qatari partner must hold at least 51% of the company shares.
Support for your Company Formation in Doha Qatar
Business Start Up Qatar can help you to find a Qatari partner so that you can start your business in Qatar. If your partner is not investing their own money into your new business, you may need to look at other ways of raising the investment required. Because we’re experts in company formation in Qatar, we are on hand to offer any advice that you may need in order to access the investment required for your new business start up in Qatar.
Feel free to contact our business start up experts for further information.