Qatar is one of the smallest Gulf Countries in terms of population and regional area but the second biggest gas supplies on the globe comprising more than 5% around the globe's total. The success of natural sources in addition to the increasing and expanding economic system means tremendous access to investment opportunities and rewards. The Qatari govt switched into a policy seeking at expanding income sources and creating economic facilities. Specifically, the govt. Extended the discovery tasks in oil and gas areas and provided numerous rewards to entice foreign traders to carry out similar tasks. The Qatari economic system is one of the most increasing financial systems on the globe offering the worldwide community a variety of world-class and cutting-edge goods and services.
Qatar government's economic development strategy has been very successful and the investment incentives, infrastructure, banking services, insurances and political and social stability are contributing factors in creating an excellent business climate for business startups.
For companies wanting to establish their commercial presence in Qatar there are a few structural options with the most common being the LLC (Limited Liability Company) in which case the entity must have one or more national partner whose share in the company capital must not be less than 51%. Here must be noted that the parties' profit share do not necessarily have to reflect their equity stake. Therefore, foreign investors wishing to establish business operations in Qatar engaged in most of the commercial business activities must do so with a partner who is a Qatari national.
Qatar welcomes foreign participation to invest in all the various sectors of national economy with 51% Qatari participation. To promote foreign investment in Qatar Government has enacted new Foreign Investment Laws permitting 100 % foreign ownership in business sectors including agriculture, manufacturing, health, education, tourism power and projects which develop and utilize the State's natural resources. However the law does not allow a non-Qatari to participate in banking, insurance, commercial agency or real estate trading activities. Full foreign ownership is also viable for companies registering under different zones
The Helpline Group of companies offers our clients a complete range of Offshore Company Formation in Qatar through Company Incorporation Division in Qatar including Company Formation, Incorporation and Maintenance, Management Consultancy.. Extensive experience of local business, good working knowledge about the rules and regulations of Qatar and a high level of personal involvement are our main strengths. We will provide our assistance in the formation of Limited Liability Company, Free Zone Enterprises, Branch of foreign companies etc. We also provides Public Relation Services on an annualized basis or on a project basis for the companies. We provide specialized service in labour, immigration, economic and municipality, foreign affairs and various departments. By hiring our service, companies can save their time, energy and money. We offer corporate rates for yearly PRO service for companies. It is more cost effective compared to employing a full time PRO.
We provide assured local sponsor, assist in getting acceptance from various departments, Licenses, Municipality, Immigration, assistance. For the security of investment, we organize for side contract by the Trader with the Sponsors. Immigration law and Support regulations change frequently and it is important for businesses to function in conformity with such regulations. We are specific in organizing and offering sponsorship for companies, workers, family members and also methods the different company specifications. Call Us now or Contact Us for more information regrading Support in Qatar.
There are a number of different ways of creating an establishment in Qatar, and the requirements vary depending on the nature of business and capital investment. Foreign Direct Investment is encouraged and developed by the Ministry of Economy and Commerce with the help of its subsidiary The Qatar Investment Promotion Department (IPD). IPD directs the company incorporation and other services related to business services in Qatar. Helpline Group of companies works in compliance with IPD and Ministry of Economy and Commerce to provide our clients maximum benefits while setting up their business in Qatar or forming a company in Qatar. Bellow given are the types of companies and guidelines to be considered while setting up a company in Qatar.
The Foreign Investment Law allows foreign firms 100 percent ownership of the share capital of companies developing projects in the fields of agriculture, industry, health, education, tourism, IT, exploitation of natural resources and mining. Each application is reviewed on a case-by-case basis, by the Ministry of Business and Trade. Although there is paperwork to be filed, approvals to be obtained and registration fees to be assessed during this process, the mode of registration offers the opportunity for foreign companies to operate separately.
This type of company is the most commonly used business entities in Qatar. The general rule is that non-Qataris may invest only through the medium of a joint venture company incorporated in Qatar in which one or more Qatari persons or 100 percent Qatari-owned entities hold no less than 51% of the share capital. Joint venture companies with Qatari partners are allowed in all sectors of the economy excluding commercial agencies and real estate. Foreign partners in partnerships must pay the full amount of their contribution of share capital to an authorized financial institution in cash prior to obtaining the Companies' Commercial Registration. The minimum share capital for a Limited Liability Company is Qrs200, 000. The Company is required to set aside 10 percent of its net profits until the reserve stands at 50 percent of the share capital. The parties' profit shares do not necessarily have to reflect their shareholdings.
The Foreign Investment Law contains provisions that, subject to an exemption from the Minister of Business & Trade, a branch of a foreign company can be registered in Qatar if that foreign company has a contract in Qatar which is performing a specific project, which "facilitates the performance of a public service or utility". This registration does not allow for the foreign company to conduct commercial activity that is not related to the specific contract for which it is registered. Foreign companies registered under this category do not need a sponsor or Service agent. The Branch Office will be fully taxable unless it is granted a special exemption.
The foreign company does not establish a presence in Qatar, instead an agent is appointed to market goods and services within Qatar. A commercial agent generally acts as the exclusive provider of services of the foreign principal or the exclusive seller in Qatar for foreign produced goods. Those companies planning to have agency agreements with Qatari firms are encouraged to review Law No. 8/2002 ('the Commercial Agents Law'). Under a registered agency, commission is payable on all sales of products in Qatar, even if the sales are not due to the activities of the agent. It should be noted that it is difficult to terminate an agency agreement even if that agreement was for a fixed term period.
The Decision of the Minister of Business and Trade No142/2006 provides that foreign firms may open a representational office without a local partner. Such offices may not conduct any financial transactions related to the company's commercial activities in Qatar and are therefore not subject to taxation. Though the representational office may be registered in the Commercial Registry and employ staff in its own name, it really is a 'shop window' used to promote a foreign company in Qatar and introduce its products to Qatari companies.
This is the most basic form of commercial arrangement for two or more individuals to combine together for the purpose of commercial activity in Qatar. The partners have unlimited liability and the trade name of the partnership company will reflect the names of the partners.
This type of company has at least one or more joint partner and at least four trustee shareholding partners. The minimum share capital of the company is 1,000,000 QR. (Read Law (5) of the year 2002 articles (206) - (224).
A holding company must be a shareholding company or limited liability company which has financial and management control on the companies by owning at least 51% of that company. The minimum capital should be 10 million QR. (Law (5) of the year 2002 articles (261)-(266).
Public Shareholding Company also known as a joint stock company or Qatari shareholding company. The law recognizes different variants of the public shareholding company including: 1- Public shareholding company-open. 2- Private or closed public shareholding company. (Read Law (5) of the year 2002 articles (61)-(205).
An entity comprised of two or more persons that combine to carry out a project. The joint venture company provided for in the law is an unincorporated entity without legal personality. (Read Law (5) of the year 2002 articles (52)-(60).
Identifying the ideal location: Our extensive knowledge of the local Real Estate market adds strength to our quest for the ideal property to suit the expectations of our clients. With Helpline Group clients are assured of roaring in the real estate wave of Qatar
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Locating the space as per the clients requirements
Tax declarations have to be made within four months of the end of the financial year. Companies with profits exceeding QAR100,000 have to submit audited financial statements certified by a registered Qatar accountant to support their declaration.
Qatar Tax rates start at 10% at profits between 100,000 and 500,000 riyals and rise to a total of 35% for profit above 5,000,000 riyals. Income TaxThere is currently no taxation for employees on income tax
Helpline Group of companies professional assistance in registering a company in UAE and other emirates in the Middle East will give a better guideline . Company Registration and Incorporation process can be simplified and processed at the maximum pace with Helpline groups of companies.
The UAE comprises seven member states: Abu Dhabi (the capital), Dubai, Sharjah, Ajman, Umm Al Qaiwain, Ras Al Khaimah and Fujairah. Dubai considered as the second largest Emirate and is situated on the banks of the Dubai Creek, a natural inlet from the Gulf that divides the city into the Deira district to its north, and Bur Dubai on its south. Dubai ranks as the UAE's most important port and commercial center.
The Supreme Council of the UAE, comprising the rulers of the seven Emirates is the highest federal authority. It is responsible for general policy matters involving communications, education, defense, foreign affairs and development and for ratifying federal laws. It has become a member of the United Nations and the Arab league in 1971. UAE is a member of the International Monetary Fund, the Organization of Petroleum Exporting Countries, World Trade Organization and other international and Arab organizations.
The official language is Arabic in UAE, although English, Urdu and Hindi are widely spoken. Arabic and English are the official business languages. The non-oil sector of the economy currently contributes some 80% of the total produced domestic products of Dubai. It has a long trading tradition , earned Dubai the reputation within the Middle East as the 'City of Merchants' and this remains an important consideration for foreign companies looking at opportunities in the region today.
United Arab Emirates has concluded advantageous tax treaties with China, Czech Republic, Egypt, Finland, France, Germany, India, Indonesia, Italy, Malaysia, Netherlands (air transport), Pakistan, Poland, Romania, Singapore, Sri Lanka, Switzerland , UK.
There are a number of different ways of creating a business set up in Dubai, depending upon the function to be carried out. A LLC is the most common way of registering in Dubai and is recommended where the purpose of the entity is to make sales within the region. 100% foreign ownership of such an entity is not permitted in UAE.
Helpline group of companies offers our clients a complete range of Offshore Company Formation Services through Company Incorporation Division all over UAE including Dubai Company Formation.Extensive experience of local business, good working knowledge about the rules and regulations of UAE and a high level of personal involvement are our main strengths. Help line group of companies will provide assistance in the formation of Limited Liability Company, Free Zone Enterprises, Branch of foreign companies, online company formations etc.
There are a number of different ways of creating an establishment in UAE, depending upon the function to be carried out. A Limited Liability Company is the most common way of registering in UAE and is recommended where the purpose of the entity is to make sales within the region. It should be noted, however, that 100% foreign ownership of such an entity is not permitted. A professional license will enable the provision of professional services, while a branch or representative office will be suitable where there is no requirement to actually conduct sales or manufacturing, only to provide information and negotiate sales.
The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization, which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. The seven categories of business organization defined by the Law are:
This is types of companies allows UAE citizens only. a company concluded between two or more parties to share the profits or losses of one or more commercial businesses being performed by one of the partners in his personal name comes under the title of partnership companies.
It is a contractual agreement between a foreign party and a local party licensed to engage their business. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be mutually agreed on terms.
It is a type of company whose capital is divided into equal value negotiable shares. A PJSC is required to have a chairman who must be a UAE national.The majority of the board of directors is required to be UAE Citizens.
The minimum capital requirement is Dh. 2 million for private sharing companies. The shares of a private joint stock company cannot be offered to the public sector. Founder member maximum limited to three.
Limited Liability Company is a type of company where the number of partners may not 50%.This type of company allows for a joint venture between national and Non-national partners. Non- National people are allowed to hold only 49% of the share.51 % are allowed to nationals.The law provides that the minimum share capital required is different in the emirates of UAE. Share capital must be fully paid up and deposited with a local bank. The shares of such companies are not open for subscription by the public sector . Despite the split in share holdings, profits may be divided in other ratios agreed upon taking into consideration efforts of non national partners in management, provision of technology or expertise. The expatriate partner may undertake management of the company in UAE.
The Commercial Companies Law also covers the formation and regulation of branches and representative offices of foreign companies in the UAE and stipulates that they may be 100% foreign owned, provided a local agent is appointed.
There are some Some of the businesses require approval from ministries like banks and financial institutions from the Central Bank of the UAE, manufacturing from the Ministry of Finance and Industry, and pharmaceutical and medical products from the Ministry of Health, a branch of foreign company from the ministry of Economy and Commerce.
The UAE now boasts many free zones : Jebel Ali Free Zone, Dubai International Airport Free Zone, Dubai Internet City, Dubai Media City, Sharjah Airport International Free Zone, Ajman Free Zone and Ras Al Khaimah Free Trade Zone. The main attraction of establishing an entity in one of the free zones is that there is no UAE national shareholding requirement.
A common procedure is to register a branch of an offshore company, but it is also possible to incorporate a Free Zone Establishment. In all cases the following benefits apply:
Please note new free zones are being created and some of the existing free zones are reaching capacity. Please contact the office for free zone specific information.
There is no corporate tax or personal tax in the United Arab Emirates. The only exceptions to this are oil producing companies and branches of foreign banks are required to play corporate tax. There is no taxes like indirect tax, individual tax, withholding taxes, capital gains tax, provision tax and no tax on dividends or any other income . The UAE has more that 30 tax treaties.municipal taxes,customs duties and inheritance are considered as another type of Taxes.
If you are having intention to start a business in UAE you need to find a location. Our extensive knowledge of the local Real Estate market adds strength to our quest for the ideal property to suit the expectations of our clients. With the Helpline group of the company's clients are assured of roaring in the real estate wave of Qatar. You can come to our office or dial to the toll free number for any kind of business set up.
If you are not having the proper guidance from a professional services firm , Saudi Arabia company formation will be challenging.We will provide you a detail report about company formation in Saudi Arabia. The country invites investment in foreign countries. Please bring in the attention that the company formation rules may change as per the current economic situations. The beginning of oil era has changed the economic situation of Saudi Arabia. Along with the development of the oil era the economy of Qatar Increased.
Foreign capital is regulated by Foreign Investment Regulations which were issued in April 2000 as part of the government's foreign investment policy. These regulations controlled the Foreign Capital Investment Code issued in 1979. The Law requires any company in the Kingdom of Saudi Arabia with foreign shareholders to obtain a foreign capital investment license. Licensed companies enjoy all privileges and incentives offered to wholly Saudi owned companies, like ownership of freehold property that is necessary to carry out the licensed activity, the privileges granted by the anti-double taxation treaties to which the Kingdom of Saudi Arabia is a party, a law prohibiting against expropriation or confiscation of investments, rights to repatriate profits, etc.
Branches of foreign companies in the Kingdom of Saudi Arabia are subject to the provisions of the Regulations for Companies and to the laws and regulations applicable to the business set up. A foreign company that opens a branch in the Kingdom of Saud Arabia is required to deposit security amount to a local bank and such amount is blocked until issuance of the certificate of registration for such branch by the Ministry of Commerce and Industry.
Saudi Arabic organization development can be difficult, if not effectively prepared, or without the assistance of a professional services firm. However, the Saudi Arabic regulators have enhanced techniques for organizational development to assist and motivate business owners to form their organization in Saudi Arabic. Development Company in Saudi Arabia is an effective way to work in the Empire and the Gulf Cooperation Council (GCC). The following information will help to determine whether the Saudi company formation is the optimum corporate structure to fulfill your Middle East business objectives.
This is known as group of company. There will be more than two partners in the management team. A limited partnership consists of at least one general partner who is liable for the debts of the partnership to the full extent of his assets .Partnership limited by shares
This considered as another type of business set up.In this form of limited partnership, which must have at least one general partner and four limited partners, the interests of the limited partners consist of negotiable shares of equal value.
A limited liability company is a private entity formed by two or more partners who are liable for company debts to the extent of their contributed capital. The company may not include in its objects the conduct of banking, insurance or savings. Inter alia, requirements are placed on the company in respect of audits, annual general meetings and filing of accounts. A limited liability company or a joint stock company may be incorporated as a cooperative for the purposes of achieving specific objects such as reductions in the cost, the selling price of certain products and services or improvements in their quality
As the phrase indicates, the investment of such a organization may be different according to organization's Memorandum and Content of Organization. The investment may be improved either by further efforts from the current associates or by the entrance of new associates, and it may be decreased either by the drawback of associates or by decrease of their investment.
A joint stock company or corporation includes five or more investors who are responsible for the financial obligations of the organization to the level of their investment participation. The organization may be integrated only upon the acceptance of the Reverend of Industry or upon the issuance of a Royal Decree.
As the phrase indicates, the investment of such a organization may be different using the organization's Memorandum and Content of Organization. The investment may be improved either by further efforts from the current associates or by the entrance of new associates, and it may be decreased either by the drawback of associates or by decrease of their investment.
A limited liability company or a joint stock company may be integrated as a supportive for the requirements of accomplishing particular things such as discount rates in the cost, the price level of certain goods and solutions or upgrades in their quality. Investment is variable and it must be separated into stocks of equivalent value with the par value of each share.
The joint stock company is generally only available when it is imagined that stocks will be released to the average person in the future. This has been used to financial and projects relating to the exploitation of natural sources. In such cases the combined inventory organization is the suggested type. For most traders, however, the llc is the realistic way of local development. As mentioned above international companies wanting to do business in the Empire may also set up a division which as with most other types of international financial commitment drops within the opportunity of the Foreign Investment Rules. The division is also topic to the regulating power of the Secretary of state for Industry.
The Government Tender and Procurement Law control Government tenders and procurement in the Kingdom of Saudi Arabia. The Kingdom of Saudi Arabia has also acceded to the Unified Rules of Granting Priority in Government Procurements to National Products and Products of National Origin in the GCC. The Capital Markets Law act as the regulator and supervisor of capital markets in the Kingdom of Saudi Arabia. The CMA has already implemented ten major regulations, namely (1) Listing Rules, (2) Offers of Securities Regulations, (3) Authorized Persons Regulations, (4) Securities Business Regulations, (5) Market Conduct Regulations, (6) Corporate Governance Regulations, (7) Investment Funds Regulations, (8) Real Estate Investment Funds Regulations, (9) Merger and Acquisition Regulations and (10) Anti-Money Laundering and Counter-Terrorist Financing Rules.There are Import and Export regulations. Anti Cover-Up Law and competition Law come under the title of business setup.
Saudi Arabia's tax system is promulgated by the central government through royal decrees, ministerial decisions and circulars of the Department of Zakat and Income Tax (DZIT) of the Ministry of Finance and National Economy.
The income tax rate is 20 percent for all taxpayers.. The NGIT rate for any taxable year is determined based on the internal rate of return on the cumulative annual cash flows of the taxpayer from the natural gas investment activities. Based on the NGIT rates table, the NGIT rate can range from a minimum of 30% for an internal rate of return of 8% to a maximum of 85% for internal rates of return of 20% and above. A tax rate of 85% is applicable to the taxable income from oil or other hydrocarbon production activity in the Kingdom.
Zakat is known as Islamic tax. Zakat levied on Saudi Arabian and GCC natural persons, wholly Saudi Arabian or GCC-owned entities, and Saudi Arabian or GCC shareholders of companies.The rate of zakat is 2.5%..
Payments made to non-residents by a resident or a permanent establishment of a nonresident, that are from a source in the Kingdom, are subject to withholding tax. Withholding tax rate as follows: (1) Five per cent of rents (2) 15 percent of royalties (3) 20 percent of management fees(4) Five percent for payments for air tickets, airfreight and maritime freight (5) Five percent for payment of international telecommunications services and (6) 15 percent for any other services
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Company registration in India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs (MCA - www.mca.gov.in) through the Offices of Registrar of Companies (ROC) in each State. This act regulates two types of companies in India: Private and Public Companies.
The company registration process starts with filing of name application with the ROC. Once, the name is allotted, company registration documents have to be prepared and filed with respective ROC for registration. Up on scrutiny of documents, in a day or two the ROC registers the Company and issue the Certificate of Incorporation.
This company registration process can be simplified with Helpline Groups assistance. We can assist you to register companies anywhere in India at an attractive cost.
The private Limited company is the type of company whose ownership is private. As a result, it does not need to meet the strict Securities and Exchange Commission filing requirements of public companies. This relates goes to say that a private company, in addition to the earlier conditions, shall have a minimum paid-up share capital of Rupees One Lakh or such higher capital as may be prescribed and its Articles shall prohibit invitation or acceptance of deposits from persons other than its members, directors or their relatives. In case of such companies, public interest is not involved.
Formation of a public limited company requires a minimum of three directors are required. The following are the steps of public limited company.
If you're beginning a new company or company, a logo, name or trademark is the vital thing you select for individual yourself from the relax. A "trademark" is that icon you will use to do so. Applying a trademark is a lawful procedure offered for under the Trade Marks Act, 1999. In this week's pillar, we will malfunction the procedure of registering your own trademark, if your company is appropriate for the same.
Trademark contains The class and goods/services in respect of which it is registered including particulars affecting the scope of registration of rights conferred or disclaimers. It also contains Address of the proprietors and also Place where a trademark has been registered with the consent of the proprietor of an earlier mark or earlier rights.
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The concept of Limited Liability Partnership (LLP) has been introduced in India by way of the Limited Liability Partnership Act, 2008. Limited Liability Partnerships (LLPs) are commercial vehicles which combine the features of partnership and company form of business.
LLP combines the advantages of both the Company and Partnership into a single form of organization. In a Limited Liability Partnership one partner is not responsible or liable for another partner's misconduct or negligence. A Limited Liability Partnership also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents.
Apply DPIN (Designated Partner Identification Number) for every proposed Designated Partners (Minimum -2). At least one Designated Partner should have a valid Digital Signature. Finding of a business name is crucial for the image of an organization. Select a name which reflects the planned business. Ensure selected name satisfy LLP Name Guidelines and file an online application. After the approval of name LLP registration documents are filed. On scrutiny of documents filed, the Registrar of LLP will register the LLP and certificate of Registration will be issued. Within 30 days from the date of Incorporation of LLP, partners of the LLP have to execute the LLP agreement and the same has to be filed with the Registrar of LLP in Form 3 and the consent to act as Designated Partner/Partner has to be filed in Form 4.
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