- If our Qatari partner has a 51% stake in our company, does this mean that they receive 51% of the profit?
No is the simple answer. You will have an agreement called the AOA (Articles of Association) which will determine how costs and profits will be divided. This is the most important document that will outline your partnership with the Local partner.
- We have to get an office in Qatar for our business, can this be a virtual office?
No, this has to be a physical office. Office rental starts at around 4000 QR per month and there are many options available. It is important to make sure that any office you rent for your business can be used for a trade license.
- What is a CR?
CR stands for Commercial Registration in the State of Qatar. This is a key part of establishing your business. Your CR will list all activities that you will legally be allowed to trade under.