LOCAL QATARI PARTNER
Get a right Qatari sponsor for your business
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 Global Services, 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 for company formation in Qatar. If you are looking for a Qatari sponsor for your business setup, we are here for you at every step. Here are two industry solutions for finding a Qatari sponsor.
Individual Qatari sponsorship
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.
Corporate Qatari sponsorship
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.
