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Starting a Business in Qatar

Limited Liability Company (LLC)

Procedure 1. Apply for approval of the proposed name at the Ministry of Economy and Commerece counter located at the OSS

The applicant submits the propose company name to the Ministry of Economy & Commerce counter located at the Ministry of Justice, which acts as a 'One Stop Shop' (OSS). If the proposed name and objective are approved, the MEC will issue a letter to the designated bank requesting that they open an account in the name of the company (the “Bank Letter”). This will allow the shareholders to open a account in a bank in Qatar to deposit the capital of the company. The fees are QAR500 if company name is in Arabic or QAR1,000 if company name is a non-Arabic name.

Procedure 2. Open bank account and deposit minimum capital

Once the capital is deposited, the Bank will issue a letter that the money is deposited into the company bank account. The deposit can not be withdrawn until the company is incorporated.

Procedure 3. Sign the Articles of Association before a Notary Public at the Ministry of Justice counter located at the OSS

The company's Articles of Association (AOA)should be prepared in Arabic in the standard format of MEC. The AOA will be stamped by an authentication officer at the Ministry of Justice counter. The AOA should include the following:

• the name, including the phrase "with limited liability";
• the address of the LLC head office;
• the objectives;
• the fixed term of duration;
• the amount of the LLC capital and the manner in which it has been subscribed;
• the restrictions of the transfer of shares;
• the names of the shareholders;
• the manner in which profits or losses will be distributed between the shareholders;
• the names of persons entrusted with the company's management;
• capital structure.

If any shareholder is an entity they will need to provide the following documents to the Ministry of Justice before signing the Articles of Association:

• duly legalised and authenticated Board/Shareholders Resolution approving the incorporation of the company and appointing a representative to sign the Articles of Association;
• duly legalised and authenticated Certificate of Incorporation or equivalent document;
• duly legalised and authenticated Articles of Association;
• a passport copy of the representative authorised to sign the Articles of Association on behalf of the company.

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