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Moath Samer

Moath Samer

Attorney

الأسئلة المجابة 46920 | نسبة الرضا 98.5%

Lawyer

I want to start a company and was wondering what...

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I want to start a company and was wondering what type of activities a solely owned company can be involved in? Thanks.

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إجابة الخبير: Moath Samer

Moath Samer

Moath Samer

Attorney

الأسئلة المجابة 46920 | نسبة الرضا 98.5%

 

We would like to inform you that you can apply to set up or establish a company in Qatar, you have to go to the Ministry of Economy and Commerce in Qatar, and apply for the establishment of the company, then choose the trade name from the Department of Trade and Trademarks.

After that, documenting the company's establishment contract with the Ministry of Justice. Moreover, you have to take approval of the commercial activity from the party concerned with the commercial activity that it is practicing in the Chamber of Commerce and Industry, and issue the Commercial Register and license to participate the activity of the company. 

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What about solely owned companies registered at QFC? That was my specific question. Thanks

إجابة الخبير: Moath Samer

Moath Samer

Moath Samer

Attorney

الأسئلة المجابة 46920 | نسبة الرضا 98.5%

All commercial and profit companies are registered through the Ministry of Industry and Trade

الرد من العميل

Noted. So what type of activities can a solely owned company practice, please ?

إجابة الخبير: Moath Samer

Moath Samer

Moath Samer

Attorney

الأسئلة المجابة 46920 | نسبة الرضا 98.5%

Sole Proprietorship: It is the establishment owned by one person to practice an economic, commercial, professional, industrial, and agricultural activity.
The corporation’s financial liability is linked to its owner, as he bears all the financial obligations of the institution.

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Moath Samer

Moath Samer

Attorney

الأسئلة المجابة 46920 | نسبة الرضا 98.5%

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