Article
3 min read
Author
Anja Simic
Published
September 17, 2021
Last Update
July 03, 2024
Table of Contents
What is a Sole Proprietorship Company (SPC) or One Person Company in Qatar?
Registration of the Sole Proprietorship Company (SPC) in Qatar
Taxes for the Sole Proprietorship Company in Qatar
In the Persian Gulf, on the shore of the Arabian Peninsula, lies Qatar. It is small in size, but it has one of the fastest-growing economies in the world. It offers many business opportunities for foreign investors, and the government has regulations that permit 100% business ownership for foreigners. The Sole Proprietorship Company, also called One Person Company, is the most common form of business. The establishment and registration procedure can sometimes be confusing, but we are here to help you.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
Every economic activity, the capital of which is fully owned by one natural person or corporate entity, is considered a Sole Proprietorship Company in Qatar. As mentioned before, most investors choose this form to start their business in this country. It follows the Limited Liability Company structure, but with only one shareholder or investor. This means that you are the owner of the entire share capital, and the liability is limited to the extent of investment. You also take responsibility for the company's obligations.
A foreign company can establish a Sole Proprietor Company as a wholly-owned subsidiary if it obtains an exemption to the Foreign Investment Law.
The minimum share capital required to start a Sole Proprietorship Company in Qatar is QAR 200,000 (approximately USD 54,000).
Here is the step-by-step guide on how to register your Sole Proprietorship Company:
The application can also be submitted online through the Single Window website. Just register, then click on the establish button and follow the instructions.
Qatar's corporate tax is levied at 10%, which gets calculated on the total income generated by the business. Currently, there is no VAT in Qatar.
Looking to hire independent contractors in Qatar? Here's how you can ensure compliance.
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