WLL Company Formation in Qatar

There are similarities between an LLC company in Qatar and a WLL company formation in Qatar.

What is WLL?

WLL stands for With Limited Liability Company.

Introduction to the WLL Company Formation in Qatar

WLL company formation in Qatar is also favored among foreign investors and entrepreneurs from abroad. The formation of a With Limited Liability company or WLL Company is a simple process. This article discusses the requirements that you need to fulfill for WLL company formation in Qatar.

Qatar is a top destination for investors and business persons for maximizing their return on investment. The government also provides world-class infrastructure and allied services in banking, banking, and ease of doing business. The establishment in Qatar makes a concerted effort to ensure political and economic stability.

English is widely understood in Qatar, thus it is easier for English-speaking foreign to communicate clearly. There is a large talent pool of skilled and unskilled personnel to assist business owners and investors become successful.

Ministry of Economy and Commerce and WLL Company Formation in Qatar

The Ministry of Economy and Commerce governs the WLL company formation in Qatar. It is the Qatari government body that registers and regulations a With Limited Liability Company. As discussed already, the foreign investors and companies from abroad form a WLL.

The foreign investors need one or more Qatari partners for WLL company formation in Qatar. Qatari nationals will hold a minimum of 51% ownership in the company and the foreign investors can hold up to 49% stakes.

A recent amendment in The Foreign Investment Law now permits WLL company formation in Qatar with 100% ownership abroad. A 100% foreign ownership is allowed in certain economic sectors of Qatar including health, education, tourism, manufacturing, and agriculture.

To promote more foreign companies and individuals to form a WLL in Qatar, the government has incentivized them to repatriate their profits to their country of origin. They are allowed to share separate company profit shares authorized by the management not reflecting shareholding agreements.

Characteristics of a WLL Company in Qatar

The company needs to add to its name the words With Limited Liability Company (WLL).
With the recent law amendments, a WLL can have 100% foreign ownership.
The requirement for minimum capital is Qatari Riyals 200,000.
For WLL company formation in Qatar, you need to appoint one Director and two Shareholders.
Make sure to have your WLL Qatari Company’s Articles of Association and Memorandum of association drafted.
A key advantage is that the WLL Company in Qatar can hire ex-pat staff members.
You need to appoint a Resident Company Secretary for your WLL.
The WLL company needs to have a statutory audit and has to open a corporate bank account in Qatar within two weeks of registration.
A WLL company must file annual tax returns and usually takes two weeks to get incorporated.
WLL companies do have access to Qatar’s double tax treaties signed with other countries.

Advantages of WLL Company Formation in Qatar

WLL company formation in Qatar offers many benefits for foreign investors and entrepreneurs.

WLL companies are separate business entities unlike the establishment of a branch office or trade representative that is an extension of a parent company. There is no limit on the number of contracts a WLL company can execute simultaneously.
There is no limit on the number of products a With Limited Liability Company can sell.
With Limited Liability companies can take part in government and private tenders.
WLL companies do not need to pay withholding tax.

Step Required for WLL Company Formation in Qatar

Step 1

Search and finalize the name for your WLL company after confirming its availability.

Step 2

Open a temporary bank account for your WLL company in Qatar

Step 3

Hire professionals to draft the Articles of Association.

Step 4

Deposit the minimum share capital into your corporate bank account in Qatar.

Step 5

Arrange the documents necessary for WLL company formation in Qatar.

Step 6

Get the incorporation documents approved as well as authentication of the Articles of Association.

Step 7

Secure your WLL company’s commercial registration and get it registered with the Qatar Chamber of Commerce and Industry.

Step 8

Ensure the preparation and availability of company seal, trade license, and signage license for the commencement of operations of your Qatari WLL company.

Excel Consultants & Partners LLC has an expert team of WLL company formation in Qatar. Hire our company formation specialists by getting in touch via email at info[at]excelconsultants.org or by calling us at +974.70268254.

Read more on different topics on the following blog categories

You can also read our previously written blog posts on company formation and starting a business in Qatar.

What is WLL?

Introduction to the WLL Company Formation in Qatar

Ministry of Economy and Commerce and WLL Company Formation in Qatar

Characteristics of a WLL Company in Qatar

Advantages of WLL Company Formation in Qatar