What You Need to Know About Company Registration in Qatar

The nation of Qatar would undoubtedly be an alluring country in which to do business. In fact, it would be counted amongst the wealthiest nations on the globe with a very high GDP figure. With significant petroleum resources and a rapidly developing economy, this Middle Eastern country has attracted the presence of well-known international companies. If you desire to establish yourself in Qatar by registering a company, you will find the basic guidelines provided below to be useful.?

Reserve a name and open a bank account

As you might expect, there would be a procedure to be followed when it comes to the registration of a company here. The Qatari government has stipulated the following steps which would have to be undertaken.?

The first step would be the reservation of a company name. You would be obliged to come up with a unique trade name that would not be deceptive or violate local ethics. Keep in mind that the reservation of your company’s name should be approved and performed by the Ministry of Economy and Commerce. The next step to be performed would be opening a local bank account. To establish a bank account for your foreign-owned venture, you would need a letter provided by the Ministry of Commerce and Industry.?

The Articles of Association and other documents?

Your next task would be to get the company’s Articles of Association approved; this approval could be obtained from the Ministry of Business and Trade. As you complete the form relating to the Articles of Association, you would have to include details such as the company name, address, purpose, share capital, restrictions on share transfer, details regarding the shareholders, methods of profit/loss distribution, and so on. The Articles would have to be authenticated by the Ministry of Justice as well.?

As per the nature of your business, it may also be necessary to submit additional documents for the legal incorporation of your business. You may also take the opportunity to register your company at the Qatar Chamber of Commerce; whilst not mandatory, you could obtain significant benefits by doing so. You would also have to create a unique company seal as part of the company registration process. Should you be mulling a business trip to the Qatari capital to find out more and seek the best hotels in Doha, consider basing yourself at an accommodation provider that would also offer useful business facilities like Al Najada Doha Hotel by Tivoli.

Obtain the trade license

Following the verification of your Articles of Association, you would be able to apply for the trade license and tax card. Obtaining a trade license from the Ministry of Economy and Trade would be a vital step in the registration of your company. You would need this trade license for the purpose of renting an office space and conducting business activities. After obtaining the trade license, you would be able to make an application for the computer card – sometimes referred to as the establishment card – which would be the final major step in the company registration process.