How can I start a business in Qatar as an expat?
Expatriates must partner with a Qatari national or company (51% shareholding), unless they qualify for 100% foreign ownership under specific sectors approved by the Ministry of Commerce & Industry (MOCI). Recently MOCI has introduced 100% ownership for foreigners for many activities which were not previously allowed for 100% foreign ownership. 
 

What are the common types of business entities in Qatar?

• Limited Liability Company (LLC)

• Branch Office

• Representative Office

• Sole Establishment

• Free Zone Company (in QFZA, QFC, or Qatar Science & Technology Park).

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Is it mandatory to maintain accounting records in Qatar?
Yes. Businesses must maintain proper accounting records for at least 10 years, as per Commercial Companies Law.

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Do companies in Qatar need audited financial statements?
Yes. All LLCs and foreign company branches must prepare annual audited financial statements certified by a registered auditor

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What accounting standards are used in Qatar?
Qatar follows International Financial Reporting Standards (IFRS).

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What financial reports should a company prepare monthly?

• Profit & Loss (Income Statement)

• Balance Sheet

• Cash Flow Statement

• Accounts Payable & Receivable Aging Reports

• Payroll Reports

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What is the corporate tax rate in Qatar?
The standard corporate income tax rate is 10% on taxable income.

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Do Qatari-owned companies pay tax?
No. Companies wholly owned by Qatari or GCC nationals are exempt from corporate tax, but must still file a return.

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Are individuals taxed in Qatar?
No. Qatar does not levy personal income tax on salaries or wages.

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Is withholding tax applicable in Qatar?
Yes. Payments to non-residents for certain services attract withholding tax:

• 5% for royalties, interest, commissions, and technical service fees.

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Is VAT applicable in Qatar?
Not yet. VAT is expected under the GCC VAT framework, but has not been implemented.

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