As a first step, it needs to be recognised that 51% of the shareholding must be reserved for one or more partners being citizens/nationals of the State of Qatar.
To issue a new commercial registration in Qatar, once also must first reserve a trade name.
The Memorandum of Association is then determined by one or more Qatari partners at 51% and at 49% for one or more non-Qatari partners.
Determine the company’s capital.
Determine the company’s activity/activities.
Document the company’s Memorandum of Association at the Ministry of Commerce & Industry and get issued the new registration of the company. The Memorandum of Association should clearly mention all the activities that the company is expected to be engaged in.
After this step, the person should hire a place to do business for getting a business license (Trade License).
Once Trade License is issued, the establishment registration signature card is issued (Company Card).
The Tax Card is then issued by the Ministry of Finance.
Documents required for foreign partner include his/her Original passport.
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