Singapore, Singapore (PRWEB) March 20, 2014
The process may seem costly, with a minimum required share capital of US$55,000 on the one hand and a 51% Qatari ownership on the other, however, thanks to Healy Consultants, the Client does not have to travel personally. The State law also demands a minimum of one director and at least two shareholders.
Qatar companies present an attractive way to book profits while legally minimizing tax obligations. Corporate tax is set at 10% of global profits, while companies operating in the oil and gas industry are subjected to 35% of corporate tax. However, there is no personal tax, VAT, export taxes, or capital gains which are payable. There are also no income tax or social security deductions on wages and salaries.
About the Business Environment in Qatar
Qatar is a great place for engineering firms and investors, given the US$150 billion estimate of government infrastructure expenditure over the coming decade. In order to aid mobilization of goods, the country also boasts 5 modern seaports, 2 international airports, and modern roads connecting Saudi Arabia and the UAE. Foreign companies setting up industrial plants in Qatar benefit from the country’s vast natural resources, with access to:
- Natural gas priced at US$0.60 – US$0.75 per million Btu
- Electricity priced at US$0.0178 per Kwh
- Industrial land at a nominal rent starting at one Qatari Riyal (US$1 = QR3.64) per square meter annually;
(Visit OPEC’s webpage regarding facts and figures for Qatar here)
Qatar is already a favorable spot on the international labor scene as it offers liberal immigration and employment rules, persistently enabling import of skilled and unskilled foreign labor. Consequently, English is established as a primary business language, spoken by more than 60% of the population. Its capital city, Doha, has a multi-cultural population and developed infrastructure for banking as well as commerce. Entrepreneurs have access to high-quality office and residential accommodation with reliable power and utilities, first-class hotels, hospitals, schools, etc.
Lastly, the local government implements favorable policies and laws for foreign entrepreneurs keen on setting up companies in Qatar, proving firm intent to protect international investors’ interests;
Healy Consultants provide a full range of professional services, which include the following:
- Offshore financial services
- Accounting and taxation
- Corporate finance
- Business start-up services
- Global marketing services
- Company formation
- International trading strategies
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.