A business start-up company can help you to secure a business sponsor, if necessary, and will also help with things such as opening a business banking account in Qatar. They will also be able to give you advice on the cultural differences between your home country and Qatar, to help you to fit in and make a smooth transition. Advantages of Starting a Business in Qatar Starting a business in Qatar can have many advantages for you. You will benefit from tax free exports, an absence of VAT and a corporate tax level of only 10% for foreign businesses. Additionally, custom duty starts at just 5% and you will also have the opportunity to repatriate your profits and any capital overseas if you wish. Another essential element that you'll need to get in place for your new business is a local sponsor. Unlike most countries, the process of company formation in Qatar requires you to have a Qatari partner who will sponsor your company and provide important local information to help you along the way. This Qatari sponsor must own over half of the business, making them the majority shareholder - although they are not necessarily required to invest any capital in the company. The need for a sponsor in Qatar doesn't apply to every type of business and there are consultancies around who can help you to secure that vital sponsor if needed. The following are some of the requirements for a Limited Liability company: The share capital of a Limited Liability Company starts at QR 200,000. The Qatari partner must have at least 51 % ownership. Exemption to this rule can sometimes be obtained. The profit share of the partners does not have to match the shareholding of the partners. 10% of each year's net profits must be kept within a company until the reserve stands at 50% of the share capital. A Limited Liability Company cannot raise capital by public subscription and cannot issue freely transferable shares. Shares may only be transferred after they have first been offered to the other shareholders, unless the other shareholders have agreed to waive their right. When you consider all of these points and also add into the equation the quality of lifestyle, the standard of hospitals and schools and the wonderful hot weather, you can see why more and more people are taking the chance to move to Qatar to start a lucrative new business there. Informations about Oman franchise on our site.