I need to know exactly what's required to start a...

Dear Customer,                      

Thanks for joining and trusting us, much appreciated

We would like to inform you that regarding the establishment of a limited liability company in Qatar as stipulated in the Qatar Commercial Companies Law as follows:

Article 228

A limited liability company is a company consisting of one or more persons and the number of its partners does not exceed fifty people and no partner is asked except to the extent of his share in the capital and the shares of the partners are not negotiable securities.

Article 229

A limited liability company shall have a name taken from its purpose or from the name of one or more partners In both cases, the name of the company may include an innovative designation provided that the name of the company is not misleading for its purpose or identity and The words "limited liability company" shall be added to the company name so if the managers neglect to observe the said provision, they shall be liable in their own funds and jointly for the company's obligations as well as compensation.

Article 230

The Company shall not resort to public subscription to form or increase its capital or to obtain the necessary loans. The Company shall not issue shares or negotiable bonds 

Article 231

A Limited Liability Company shall be established by virtue of a Memorandum of Association signed by the Partner or Partners.

1. Type, name, purpose and head office of the company.
2. The names, nationalities, domiciles and addresses of the partners.

3- The amount of the capital, the share of each partner, the statement of the shares in kind, their value and the names of the providers, if any.

4. The names and nationalities of the directors of the company, whether they are partners or others, if their names are mentioned in the company's incorporation document.
5. Names of members of the Supervisory Board, if any.
6. Duration of the company.

7 - How to distribute profits and losses.

8. Conditions of assignment of shares.
9. Form to be taken into account in company notifications to partners.

The company's memorandum of association may include provisions concerning the organization of the right to redeem the shares of the partners and how to estimate the price when the right is exercised, the formation of an optional reserve, the organization of the company's financial and accounts, and the reasons for its dissolution

Article 232

A limited liability company shall not be established unless all cash and in-kind shares have been distributed to all partners and are fully met.

The Company's cash dividends shall be deposited by a bank accredited in the State and the bank may not disburse it except to the directors of the company after presenting proof of the company's registration in the commercial register.

If the partner's contribution is in kind, it shall indicate in the document of the incorporation of the company its type and value, the price accepted by the other partners, the name of the partner and the amount of his share in the capital in return for what he has provided.

The in-kind shareholder shall be liable to third parties for the difference between its real value and its estimated value in the company's incorporation document and the other partners shall jointly ask for the performance of such teams unless they prove that they are not aware of this.

However, the claim of liability in this case shall not be heard after the expiration of three years from the date of registration of the company in the Commercial Register.

Article 233

The director of the company shall apply for registration of the company in the commercial register and the application shall be accompanied by the company's incorporation document and the documents indicating the distribution of shares between the partners and the performance of their full value and deposited one of the banks accredited in the State In addition to the documents indicating that the company receives the shares in kind, if any, the application shall be decided within fifteen days from the date of submitting the application together with the necessary documents.

The Company may not commence any of its activities unless it is registered in the Commercial Register.

If you have another question, feel free to ask us and we will answer with pleasure.

I hope my answer was helpful, please let me know if you have any follow up questions. If you feel I've answered your question already, please rate my answer from top of the page. Your feedback helps to ensure only the best experts are available to help you.

You can also ask questions of our other specialists in the areas of nutrition, therapists, IT specialists, doctors, and many more.

Kind Regards,