100% Foreign Ownership Company in Qatar

After the FIFA World Cup 2022, Qatar has become one of the favorite destinations for foreigners to invest or set up business in Qatar. In line with Qatar National Vision 2030,  the Qatar Government has implemented more business opportunities for  foreign investors and has introduced additional incentives and  exemptions to liberalize the Qatar Business environment. To be part of  this, Qatar’s “Foreign Investment Law” Law No. 1/2019 allows foreigners  to set up 100% foreign ownership registration across various  business industries or to convert existing businesses to 100% foreign  ownership to bolster the foreign investment environment.

According  to “Foreign Investment Law” previously, a foreigner can start a company  in Qatar requires a Qatari partner with 51% shareholding in the  company. As per a new policy, the Qatar Government has opened different  ways that a foreign party can own 100% foreign ownership in Qatar. This  excellent opportunity allows foreign investors or entrepreneurs to set  up their own businesses with the world’s lowest tax rate, and the  company is benefiting from huge diversification and economic growth. Following are the various types of entities that can be registered with 100% foreign ownership in Qatar.

• Limited Liability Company
• Branch Office
• Trade Representative Office
• Free trade zone companies in areas like QFZA, QFC and QSTP

The  law allows foreign investors to operate a trade representation office  without a Qatari partner to promote their business activities and offer  different products and services to the Qatari market; however, these  trading companies are not allowed to import, export, or sell any  products in Qatar.

Qatar  Government is continuously making an immense effort to implement new  rules and regulations for the development of the business environment  for foreign investors and to introduce additional incentives and  exemptions. The Foreign Investment Law provides a number of benefits to  foreign investors or entrepreneurs in Qatar. Some of them are:

• No Qatari sponsor required
• Increased flexibility and autonomy
• Exemption on corporate and income tax
• No restriction on money exchange and transfer of profit abroad
• No custom duties
• Enhanced profitability & competitiveness
• Equal participation of government and private tenders
• Stable economic growth

As per the new law of the Ministry of Commerce and Industry (MOCI),  it is no longer required for an investor to set up a business in Qatar  Mainland with a 51% Qatari sponsorship. Because of its strategic  location and access to the local market, this will be an optimal choice  for entrepreneurs or foreign investors to start their own businesses on  the Mainland with 100% foreign ownership. Incorporation in the form of LLC (Limited Liability Company) is  allowed with 100% ownership in almost 90% of sectors of the economy,  excluding banking, insurance, and funds investment activities.

Meanwhile,  business startups in Qatar Mainland are subject to various government  regulations, including tax laws, labor laws, and commercial laws. The  Government is committed to simplifying the company setup process and to  effortlessly running the businesses in the country.

• Trading companies
• Agriculture
• Education
• Health
• Business consulting and technical services
• Culture, sports, entertainment, and distribution services
• Development and exploration of natural resources
• Information Technology
• Industry
• Tourism
• General Contracting & Construction

Qatar  free zone is a very popular and independent entity designed to optimize  and streamline company formation. Starting a company in the Qatar Free zone sector will offer more opportunities and encourage foreign investors in Qatar.  It has many benefits such as 100% foreign ownership of shares, no  income tax & corporate tax, no restriction on foreign currency and  taxation on foreign trade.

• Technology
• Logistics
• Health
• Maritime
• Manufacturing
• Business consulting services
• Technical services

Qatar Financial Centre (QFC) is also a popular option in Qatar and does allow companies to set up  with 100% foreign ownership. QFC is a business- friendly ecosystem that  offers 100% repatriation of profits, and charges a competitive rate of  10% corporate tax on locally attained profits.

Before going to set  up a business in Qatar, it is necessary to know about the laws and type  of business structure available for foreigners. Due to the world-class  infrastructure and strong economy, many foreigners have successfully  established their own companies in various business sectors in Qatar.  With all assistance for company formation in Qatar,Elegant Services  will help you to incorporate your own business smoothly, simply, and  economically.

If  you would like to know more about accessing the Qatar market and how to  start a 100% foreign-owned company in Qatar Mainland, Free Zone, and  QFC(Qatar Financial Center), our qualified and expert professionals will  guide you. We at Elegant Services have years of experience on serving company formation in Qatar. We are a leading business consultant and helping lots of customers to register their own company in various business sectors.