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One of the most common questions asked by first-time entrepreneurs in this part of the world is whether they need a local sponsor in Qatar. The answer depends on many factors, including your nationality and the type of business you wish to set up.
If you’re a non-Gulf Cooperation Council (GCC) national looking to set up a business with a commercial or industrial licence on the Qatar mainland, then yes, you will need to partner with a local sponsor. If, however, you are setting up in a free zone, or your business activity is covered by a professional services licence, a local sponsor is not required.
If your business does require a local sponsor, ASK Qatar Business is on hand to help
First, you’ll need to establish a mainland LLC – of which you retain 49% ownership with the other 51% going to the local sponsor. Rest assured, however, that profits are not split along these same lines and your local partner will have little-to-no say in the day-to-day running of your company
Choosing a local sponsor in Qatar - the corporate option. At ASK QATAR Business Services, we understand that many entrepreneurs find the concept of engaging a local sponsor and passing off a 51% share of their company a rather daunting experience. That’s why our corporate sponsorship service is designed to give you complete peace of mind.
Starting a business in Qatar can be a progressive decision as well as a challenging experience. When it is about company formation, the cost of setting up business in Doha becomes an essential criterion. Comprehending with the business setup cost in Doha as well as in various other parts of Qatar is vital, however, unawareness and lack of knowledge can lead to extreme undesirable overheads.Learn More
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What are the charges allocated by the Dubai Government for setting up a business?Learn More
Government alters the business setup cost in Dubai from time to time and having a fixed cost or fees is unlikely. Hence under such instances, well-informed and affordable business setup services in Dubai let entrepreneurs know the charges included at an initial stage, keep them updated with fluctuating judicial prices, alert them about the instability in the governmental expenses, advise them on probable expenditures and save from incurring unwanted disbursements.
Cost of setting up a company in Dubai also depends on the business activity, the opted jurisdiction for setting up the business, the approvals and certifications involved and so on. Nevertheless, to make things simpler Shuraa Business Setup has listed the current and the standard costs of business setup in Dubai. The costs are separated in three categories – Mainland Business Setup, Freezone Business Setup and Offshore Company Formation..Learn More