How to Start a Company in Qatar Free Zone

How to Start a Company in Qatar Free Zone

Blog Article

If you're planning to form a company in Qatar, the Qatar Free Zone is a perfect location. Strategically situated with a business-friendly environment, QFZ can be considered as a great opportunity for foreign investors. QFZ is a special economic zone on Qatar's western coast, which was launched in 2018, to diversify Qatar's economy and attract foreign investment.

QFZ enjoys many benefits, including full foreign ownership with no corporate and personal income taxes paid, with no restrictions on repatriating profits and capital, and a strategic location affording businesses access to markets in the Middle East, Africa, and Asia.

QFZ is attractive to foreign investors, as the environment is easy for doing business: with streamlined procedures and flexible financial setup. Companies in that zone don't pay taxes at all and, with absolute freeness of dealing on matters related to owning and controlling their business operations, there are no limitations on currency exchanges at all.

Registering a company in QFZ seems to be a process. Firstly, you pick the activity you would like to venture into with sectors such as manufacturing, logistics, technology, or even service-related activities. After which a business activity is picked, then choose a company name that falls within the rules and regulations of QFZ and must be unique to Qatar.

Next, you must choose a legal form of operations - the most popular legal forms for foreign investors in Hong Kong are LLC, Branch Office, and Representative Office. Issuance of a trade license is allowed only when you have submitted all the required documents on the establishment of your company: Articles of Association and copies of passports of shareholders, for instance. Finally, you may apply for copyright for you and your employees immediately after you get your trade license, within nearly two weeks.