Auditing License Services in Qatar

Auditing Company License in Qatar

Mandatory requirements for foreign investor

What types of services can an auditing company offer?

Depending on the business, goals, and needs, an audit firm in Qatar can carry out a wide range of tasks. These are a few of the services provided by our audit company in Qatar, with a reminder that you may count on their help for your company:

• Taxation audits
• Company statutory audits.
• Internal and external audits
• Financial statement audits

Procedure to start an audit company in Qatar

• Trade name – make sure to create a unique trade name. If the trade name is not in Arabic, you need to pay an extra QAR 1000, or else it is free.
• Articles of Association – which must have a list of all shareholders and their respective ownership stakes
• Issue the Commercial Registration with which you can conduct the rest of the procedures such as opening a business bank account, buying assets under your company’s name, etc.
• Once you get a CR, you must get a Trade license (which can take some time). It also requires specific documents.
• Computer Cards that can help you recruit staff, issue their RPs, exit permits for some staff, etc.
• Apply for a visa and bring in your employees

Documents for Trade License

Here is the list of documents you need to get your trade license.

• A copy of the ID of each authorized person in the business
• A copy of your CR
• A copy of your Articles of Incorporation
• A photo of your office which includes the office building too that displays the blue plate with the address information.
• A photo of your office inside the building that shows a signage with your business name on the door to your office. (Bear in mind that MEC will send an officer to inspect your place, so make sure you have all the documents with you.)
• The building completion certificate and a copy of the building owner’s ID.
• Rental acknowledgment, ownership instrument, and Civil Defense approval.
• Authorization letter in real estate rents (in case of subcontracts).

Influence of Financial Auditing on a Business

Financial auditing can help business to enhance internal controls by highlighting system flaws and giving management the chance to address them. Auditors deal with matters that are crucial to the survival and success of any business. Assurance and consultation are done. The assurance part comprises alerting managers and directors of the performance of the management-instituted systems and procedures. Then, if deemed necessary, the management will consult on how to improve the systems and processes. This gives top management and directors certainty to carry out their obligations to the business’s stakeholders. Assessing significant risks and emphasizing areas that require improvement allows the directors and management an opportunity to demonstrate to shareholders that they are effectively managing the firm on behalf of the shareholders.

Which is more effective, internal or external auditing?

Internal audits can assist you in assessing risk in many aspects of your organization and are not just limited to financial reporting processes. External audits, on the other hand, offer a more proactive and collaborative approach to evaluating your company. When you hire an external auditing firm, they will focus solely on the auditing process so that your finance department can focus on daily activities.

How can we help?

Helpline Group is one of the top licensing providers who can help you with getting the right audit license in Qatar. The procedure to get an audit license is long and tiring. Let us assist you. We will handle all the formalities and procedures so that you can relax easily.

Our professional team of tax audits focuses on working with businesses that need an in-depth, current understanding of local, national, and worldwide tax regulations.

Choose Helpline Group to get an Audit License

With over 25 years of experience, we are the best in our field. Our clients choose us because of our experience and the ability to get things done with a 100% legal and professional approach. Call us for a free consultation at +974 77711129.