Everything You Should Know About Corporate Sponsorship in Qatar

1. Everything You Should Know About Corporate Sponsorship in Qatar Are you seeking a sponsor to help you set up your company in Qatar? Here are a couple of things you should consider when starting a company in Qatar. The majority of companies setting up in Qatar are looking for a Qatari partner and you will need the right kind of reliable and trustworthy partner to be the key to any successful business. These businesses understand the role that local partners play and how safe and reliable the management team can be. If you are looking for a Qatari business sponsor to provide transparent and responsive service to your clients then aim to make the process as efficient as possible while keeping up-to-date with the process at all times. Your focus should be on flexibility and finding a positive and practical way forward as well as the right environment for your business to thrive in an exciting and dynamic market. Corporate sponsor vs Individual sponsor When setting up a company in Qatar, it is mandatory for the Qatari national to hold up to 51% share of the company but there are two options to pick from either corporate or individual. It is highly advised that when looking for a Qatari sponsor, you do extensive research about the locality and your business sector as well as market conditions, competition, and the results. Remember that a credible plan has a higher chance to attract more local support. The state looks for people who are willing to come up with more business incentives in the fields of leading markets, suppliers, tourism, manufacturing, healthcare, education, information technology, agriculture, consultancy services and so much more. According to the Qatari planning ministry, foreign investments reached a huge height in Qatar’s total investment. Who can start a business in Qatar? When looking for Qatari sponsors for business, keep in mind that as a foreigner appointing a service is the first step in getting a footing in this country. A powerful sponsor or a qualified local partner is a great weapon with official entities and you need to obtain a commercial registration from the ministry of commerce and industry as well as the required

2. documentation that needs to be given for all these procedures. This includes all legal contracts, which need to be in Arabic and the versions will precede the English translation. You also need to form a private limited liability company to operate within Qatar and the company must have the minimum authorized share of capital as well as shareholders who can own 49% of the company and the Qatari partners will own 51%. The minister of economy and commerce will grant this permission as long as it is compatible with Qatar's development plans. The most supported industries in Qatar include agriculture, education, tourism, healthcare, natural resources like energy and mining, technical, and IT services. The government may offer some incentives to foreign companies investing in these industries like no income tax for 10 years. You need to do your research and come up with a creative approach in order to start a company here. Name AAIQA Website https://www.aaiqa.com/