Posted at 09:46hin Company formation by TrustLink0 Comments
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If you are planning to start a business in Qatar, the first step is to select the best company establishment type suited for your business.
What is an LLC or WLL Company registration in Qatar?
A Limited Liability Company or LLC (or WLL) is the most common and de-facto form of company in Qatar. In an LLC, the majority of the company has to be owned by Qatari nationals, with their shares adding up to 51%. 49% is the maximum that can be owned by a foreign national in an LLC company. Nowadays, government is providing 100% foreign ownership for certain category of Businesses like Agriculture, manufacturing, health, education, tourism etc., but these business setups need to be approved by the Ministry of Economy and Commerce.
There are many advantages to setting up a Limited Liability Company LLC in Qatar like:
- No limitation on the number of products and services the company can sell.
- Recognition as a local company, often permitting the entity to take part in an increased number of government and private tenders.
- The company will not be subjected to withholding tax.
The process for setting up an LLC in Qatar is as follows:
AtTrustLink, we have a professional team of experts who can help you register an LLC company in Qatar. Call us at+974 44335100or email us at[emailprotected] for more details. We can help you form an LLC company in Qatar, contact us today for a free consultation.
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