How to Find a Qatari Partner in Qatar
Establishing a Business in Qatar
Qatar has one of the world’s wealthiest economies, making it a potential site for successful firms. Renowned for natural gas and petroleum, it also has banking, hotel, retail, manufacturing, import-export, and tourist businesses.
How to find a Local Qatari Sponsor or Partner to Start a Business in Qatar?
Qatar’s commercial legislation, like that of the surrounding GCC nations, requires a foreign-based investor to choose a local Qatari sponsor before starting a company. The function of the sponsor is determined by the unique business structure, which is why the investor must understand their obligations and how they contribute to the establishment of a full-fledged firm in Qatar.
At QCF, we understand that people come from many cultures and economics to our nation. We wish to make Qatar a resource-intensive business destination for you, which is why we provide a variety of services to start a business in Qatar. Whether you are looking for a Qatari business sponsor or establishing a 100% foreign-owned company in Free Zone Qatar, we are here for you at every step. Here are two industry solutions for finding a Qatari sponsor.
As the name implies, individual sponsorship comes when an individual Qatari or group of Qataris sponsors your business and owns 51% of it. He or she must be a Qatari citizen over the age of 21, and while no expertise in your chosen area is needed, they should generally either be business professionals or government officials.
While this may appear to be a difficult task, there are two critical points to consider at this time. For starters, revenues do not have to be split to match the proportion of shareholding, and in most cases, the local sponsor is paid a predetermined yearly fee in exchange for complete power of attorney and control over corporate operations.
The key distinction between this and an individual sponsor is that the local partner is a 100% Qatari-owned enterprise. This enables for a far more robust management structure to protect foreign investment, enabling challenges including shareholder inheritance to be dealt with under Company law and invariably providing a specialized team to assist with licence and visa renewals, as well as any other ad-hoc support required to run the business. Again, the corporate sponsor will accept a 51% ownership in the company, and in exchange for an annual fee, it is customary to legally limit their role through a Shareholder Agreement.
Looking for Local Qatari Sponsorship?
At QCF Global, we conduct a thorough background investigation of the client’s business, interests, business goals, and so on, before identifying the best choice by analyzing every Qatari sponsor in the sector. Our executives contact all Qatari partners who share the same business goals in order to identify the perfect match.
By clarifying all business conditions and establishing a business relationship, QCF Global Services bridges the gap between the international investor and the Qatari sponsor. QCF Global gives you the convenience of finding Qatari sponsors without having to spend time in Qatar. We will take care of all the paperwork and details on your behalf while you are at work in your native country.
Table of Content