Limited Liability Partnership LLPQatar · Qatar Financial Centre
What it takes to form, own and run a limited liability partnership 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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You need at least two members (individuals and/or corporate entities), who can be of any nationality.
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No share capital requirement where the LLP carries on Non-Regulated Permitted Activities.
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An LLP is liable to tax under these Regulations as if it were a separate legal entity.
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
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the LLP.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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You need at least two members (individuals and/or corporate entities), who can be of any nationality.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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A Limited Liability Partnership 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 30 (1) 200
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Required
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LLP accounts must be audited by a QFC-approved auditor, approved by the members, and filed with the Companies Registration Office (CRO).
- Audit
- Accounts examined and reported upon by an approved auditor within four months after the end of the financial year and filed with the CRO within 21 days after approval by the Members (LLP Regulations Art 34).
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; contravention if not delivered before the end of 28 days after the return date (Art 30(3)).
- Deliver notice of a person becoming or ceasing to be a Member or Designated Member
- 21 days after change of shareholders
With QFC Companies Registration Office
Article 16(1).
What is public
Not in our records What the register shows the public is not in our records for the LLP.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 10%+1 regime
An LLP is liable to tax as if it were a separate legal entity (QFC Tax Regulations Art 63), at the standard 10% corporation tax rate on Local Source Taxable Profits, with a restriction on the deduction for Members' remuneration.
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An LLP is liable to tax under these Regulations as if it were a separate legal entity.
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
- The CRO may strike the LLP off the register after a three-month notice (not carrying on business, in contravention of the Regulations, or prejudicial to the QFC) and the LLP is then dissolved (LLP Regulations Art. 59); the text read gives no application route for the LLP itself.
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the CRO shall strike the name of the Limited Liability Partnership or Branch off the register and the Limited Liability Partnership or Branch shall be dissolved.
- 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
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership (LLP)
- Identifier
- QA-QFC-LLPA form ISO 20275 does not list.