Trading & Contracting License in Qatar
Is the question how to start a trading and contracting company in Qatar distracting your sleep? Then you surely have to go through this article. For launching any business in Qatar you have to register it either as a Limited Liability Company LLC or WLL. Qatari nationals will be holding majority of 51% of shares in an LLC. To run and grow a business in Qatar is a dream for many who comes and settles in this place. Usually for starting a company you require three mandatory pieces of documents namely Commercial Residence (CR), a legal office space under your CR that is Trade License, Computer Card or Signature Card which is to issue Residence Permits (RP) for your employees.
Although these seems to be a three step process, it actually involves many complicated procedures. For example in order to get a Commercial Residence (CR) you have to first get a trade name for your enterprise paying a specific amount of money followed by getting your articles of incorporation typed. Once you have your trade name and articles of incorporation, you can then submit them for your enterprise to be issued a CR. Similarly for obtaining each document you have to follow many procedures until you get your license in your hand.
Getting a trading license in Qatar usually takes time because there are a lot of paperwork involved. If you are doing it alone, it can take up to months of time for you to set up your company depending on the submission of paperwork and Ministry of Economy and Commerce. But for an experienced consultant like Helpline group, we can move things quite fast connecting to various ministries and finally obtain a license for your firm.
When you apply for a contracting company license in Qatar keep in mind that an entity cannot carry out both contracting activity and engineering activity. A Qatari shareholder who is a sponsor of a contracting company is not permitted to be a sponsor of a LEO. Most entities that are licensed to carry on contracting activities sub-contract the engineering aspects of the project to a LEO or IEO. In some cases contracting and engineering entities tender for projects together in the forms of an unincorporated joint venture.
Contracting and construction companies can add trading activity and import the products. If you are worried about how to get trading license in Qatar you can contact us to know the detailed procedure.