How to Start a Consulting Company in Qatar?

Qatar’s popularity among entrepreneurs has led to an increase in the demand of setting up a company which offers consulting services. With benefits such as tax incentives, pro-business policies and access to different markets, it has emerged as an attractive destination for those looking for a business-friendly environment. Read on if you intend to start a consulting company in Qatar.

What is a Consulting Company?

A consulting company in Qatar is a business which offers expert advice to management related to business operations and help with financial and strategy planning. These types of firms can cater to businesses across any industry to help them streamline the decision-making process, and achieve business-related goals.

How to Start a Consulting Company in Qatar?

The process of setting up a consulting firm in Qatar involves the following steps:

Step 1 - Decide on a Trade Name

Selecting a trade name for your business setup in Qatar is essential as it provides an identity to the company. You must choose a name that resonates with the business activity and follows the naming regulations laid down by Qatari authorities. Submit the chosen trade name and secure approval from the Ministry of Commerce and Industry (MOCI).

Step 2 - Prepare Necessary Documents

You must draft and attest important company documents such as Articles of Association (AoA) or Memorandum of Association (MoA) by the appropriate authority/authorities. These documents outline the company’s purpose, ownership structure, and other key details.

Step 3 - Obtain Trade License

Submit the necessary documents along with the duly filled application form to the authorities at MOCI to avail the trade license.

Step 4 - Lease Office Space

You must rent an office space to set up the business in the preferred location. Consider factors such as proximity to potential customers, offered amenities, and size of the rented place, among other things. Once everything is finalised, you must sign the lease agreement.

Step 5- Secure Additional Business Documents

To run the company in the country, you also need to avail additional documents like an establishment card. The document is issued by the Ministry of Interior and is mandatory to hire employees and manage visas.

Step 6 - Apply for Tax Registration

You must register the company for taxes with the Public Revenue and Tax Authority in Qatar. On submitting the application and necessary documents, you will be provided with the Tax Identification Number (TIN). It ensures that the business complies with tax regulations and fulfils its financial obligations.

Read the blog on Taxation in Qatar to find out more.

Step 7 - Avail Company Seal

Lastly, you need to obtain the company seal from the relevant authorities. It is used to authenticate official documents and agreements, establish the company’s identity, and conduct business transactions in Qatar.

Starting a consulting company in Qatar is advantageous due to its economic diversification plan, which aims to reduce reliance on oil and gas. The plan aims to promote the growth of other industries and create numerous opportunities for entrepreneurs and businesses to thrive in a dynamic and rapidly growing market.

Seek the assistance of business setup consultants from Commitbiz LLC to guide you through the company incorporation process. Our team can support you with documentation, licensing and navigating legal requirements. Contact us to learn more about establishing a consulting company in Qatar.