Business Form in Qatar
The Law No. (5) Of the year 2002 regulating the commercial companies and hereinafter summary of the terms of establishment of companies in Qatar.
Simple Partnership Company:
Is the most basic form of commercial arrangement for two or more individuals to combine together for the purpose of commercial activity in Qatar. The partners have unlimited liability and the trade name of the partnership company will reflect the names of the partners. (Read Law (5) of the year 2002 articles (19)-(43)).
Joint Partnership Company:
Is similar to a simple partnership company however, a joint partnership company will have two classes or partners. 1- Joint Partners. 2- Trustee Partners. (Read Law (5) of the year 2002 articles (44)-(51)).
Joint Venture Company:
Is an entity comprised of two or more persons that combine to carry out a project. The joint venture company provided for in the law is an unincorporated entity without legal personality. (Read Law (5) of the year 2002 articles (52)-(60)).
Public Shareholding Company:
The public shareholding company is also known as a joint stock company or Qatari shareholding company. The law recognizes different variants of the public shareholding company including: 1- Public shareholding company-open. 2- Private or closed public shareholding company. (Read Law (5) of the year 2002 articles (61)-(205)).
Limited Share Partnership Company:
It has at least one or more joint partners and at least four trustee shareholding partners. The minimum share capital of the company is 1,000,000 QR. (Read Law (5) of the year 2002 articles (206)-(224)).
Limited Liability Company:
Is the most commonly used business entity in Qatar. (Read Law (5) of the year 2002 articles (225)-(260)).
Holding Companies:
A holding company which must be a shareholding company or limited liability company and which has financial and management control on the companies by owning at least 51% of that company. The minimum capital should be 10 million QR. (ead Law (5) of the year 2002 articles (261)-(266)).
