Over the past years, Qatar has transformed itself into a vibrant country boasting of state-of-the-art malls, amazing stadiums, modern hotels, tallest buildings, world-class infrastructure and a big thirst for even bigger things! With these advantages along with a high standard of living, Qatar is now a major business hub and an ideal spot for setting up businesses.
There are few legal company setting options in Qatar including the Free Zones which makes the decision process much easier than any other GCC countries. These Free Zones aim at providing a level of economic security with regards to the free flow of goods to the local market, in addition to supporting the process of economic diversification. So if you are planning to set-up your company in Qatar, scroll to read about the Qatar Free zones, important steps, benefits & FAQs before you start the process.
The following Q&A that are mentioned on the QSTP website to provide you with some additional information on the requirements and additional benefits of setting up a Free Zone Company in Qatar.
Free zones are designated areas which are geographically in the territory of a country but are considered outside the country for customs purposes. Companies operating in Free Zones are released from tax, customs rules and regulations which they would otherwise be subject to.
A number of considerations have to be taken into account when setting up any business, and these include budget, company type, and location. The initial assessment of prospective tenants will be based on their level of investment in the specified Permitted Activities. The on-going measures that will be applied to determine that the “predominant activities” of the tenant will be agreed in advance of issuance of each license on a case-by-case basis. As a means of illustration, such measures may include:
Currently, there are no fees associated with company formation, branch registration and licensing.
There is no minimum capital required to register a branch of a local or foreign company. The minimum capital for establishing Limited Liability Companies is QR 200,000 or US $55,000.
Yes, renting an office in the Free Zones is required to obtain this License
No. All properties and real estate in the Free Zones are offered on a lease basis only.
Licensed entities can import and export goods through any port or airport in Qatar after registering with the General Authority of Customs.
Two new free zones will be opened in Qatar to the local and international investors by 2019.
The Umm Al Houl Free Zone, which is near Hamad Port, will be ready to receive investors by Q1 2019,
-Industrial Sectors Focus
The second free zone, Ras Bu Fontas, which is near Hamad International Airport, will facilitate cargo operations and similar businesses. Ras Bu Fontas also will be launched this year and will feature advanced technologies.
-International Business Services
The content of this article is intended to give you a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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