Limited Liability Company LLCQatar · Qatar Financial Centre
What it takes to form, own and run a private limited company in Qatar · Qatar Financial Centre, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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An LLC may be incorporated by one or more applicants to conduct any business activity permitted under QFC Law.
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No minimum share of capital is required for an LLC conducting Non-Regulated Permitted Activities.
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The standard rate of corporation tax is 10%.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
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An LLC shall have at least one director.
- Shareholders
- At least 1 · a company may be one
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An LLC may be incorporated by one or more applicants to conduct any business activity permitted under QFC Law.
- Members
- At least 1 · one person may form it alone
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An LLC may be incorporated by one or more applicants to conduct any business activity permitted under QFC Law.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not required
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An LLC shall: (A) at all times have a registered office situated in the QFC; and (B) carry on its principal Business activity at or from the registered office
Each year, at the registry
- Annual registry fee
- USD 200 (about €175)
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Delivery of annual return to CRO Article 47, 200 50
- Accounts on the public record
- Yes
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The LLC shall file with the CRO within 21 days after the meeting of the Members
- Audit for a small company
- Required
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Must submit audited financial statements to the CRO, unless specifically exempted by regulation.
- Audit
- Accounts examined and reported on by an auditor approved by the QFC Authority, laid before the Members within 4 months of the financial year end and filed with the CRO within 21 days after that meeting (Companies Regulations Art 82).
Important dates
When each obligation falls due, as the authority states it.
- Deliver the annual return to the CRO
- Each year, on the anniversary of incorporation
With QFC Companies Registration Office
Return date is the anniversary of incorporation; the LLC is in contravention if the return is not delivered before the end of 28 days after the return date (Art 47(3)).
- Register a change of directors or secretary with the CRO
- 21 days after change of officers
With QFC Companies Registration Office
21 days for directors (Art 52(4)) and for the secretary (Art 60(3)).
- Register a change in the particulars of Members with the CRO
- 21 days after change of shareholders
With QFC Companies Registration Office
Article 19(7).
- Register an alteration of the articles of association with the CRO
- 21 days after change of articles
With QFC Companies Registration Office
Article 50(3): within 21 days of the Special Resolution.
What is public
- Directors
- Public
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to allow any person to inspect and take copies from such register during the office hours of the CRO;
- Shareholders
- Public
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to allow any person to inspect and take copies from such register during the office hours of the CRO;
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 10%+1 regime
Corporation tax at the standard rate of 10% on the QFC entity's Local Source Taxable Profits (QFC Tax Regulations Art 9); the registry's tax page names a 0% concessionary rate for investment managers, reinsurers, captive insurers and entities at least 90% Qatari-owned.
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The standard rate of corporation tax is 10%.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Free Zones exemption from the Income Tax Law free zone · 100% exempt
Entities established in a free zone created by decree on the proposal of the Council of Ministers — currently Ras Bufontas and Umm Alhoul Law No. 34 of 2005 on Free Zones, as amended by Decree Law No. 21 of 2017, article 7; zones established by decree under article 2
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Qatar
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary deregistration on application to the Companies Registration Office (CRO), which may strike the company off after three months (earlier if it is not carrying on business) provided any Insolvency Regulations requirement is met; the CRO may also strike off after a three-month notice (Companies Regulations Art. 131).
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(4) A Company or Branch may apply to the CRO for voluntary deregistration, at the conclusion of 3 months from the date of the application, the Company or Branch may be struck off the register.
- Statutory fee
- Not in our records
Every business in Qatar · Qatar Financial Centre
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Qatar.
Payment and banking services
None of the services whose lists we hold names Qatar. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Limited Liability Company (LLC)
- Identifier
- QA-QFC-LLCA form ISO 20275 does not list.