Incorporation costs amount to over QAR 30,000 in the first year. Annual company costs amount to over QAR 5,000 from the second year onwards. The average fee for Qatar engagement is above QAR 100,000, including the company's incorporation, bank account, office address, and director residency.
Category
Qatar
An entity wholly or partially foreign-owned and derives income from sources in Qatar is taxable at 10%.
In Qatar, a foreign investor must have 1 or more local (Qatari) partners to start a business, with the latter’s share being at least 51%. However, non-Qatari persons can directly invest in agriculture, industry, healthcare, education, tourism, exploitation and development of natural resources, energy, or mining.
Incorporation costs amount to over QAR 30,000 in the first year. Annual company costs amount to over QAR 5,000 from the second year onwards. The average fee for Qatar engagement is above QAR 100,000, including the company's incorporation, bank account, office address, and director residency.
The tax rate for oil and gas companies in Qatar is 35%.
A time gap of 3 years is provided to companies in Qatar to carry forward their business loses.
The different types of taxes exempted in Qatar include the following:
- capital duty
- property tax
- transfer tax
- stamp tax
Resident companies in Qatar must file their tax-return within 4 months after the end of the accounting year.
There are three arbitration centers in Qatar namely, Qatar International Center for Arbitration, QTF Tribunal, and arbitration centers in Europe or North America.
DTA refers to Double Taxation Agreement. It is a tax treaty that is signed between two or more countries to avoid double taxation from the source and residence country.