tmf-group.comQatar

QuickStart: to Market Entry

Whether entering the market or simplifying operations, we can give you a QuickStart.

Whether entering Qatar for the first time or simplifying existing operations, we can give you a QuickStart.

International incorporation and structuring: We manage the legal set-up and structuring of new or existing operations - it could be a company in the State of Qatar, a company licensed at Qatar Financial Centre or a new company, subsidiary or branch.

Process Agent: We provide an established process agent administration service for use by overseas clients who have entered into legal agreements governed by a foreign jurisdiction and accordingly need to formally appoint a local agent as representative when dealing with all Authorities, Governments, Banks or other entities.

International entity management: We help you stay compliant, manage your risk and stay on the right side of regulators and filing requirements.

Accounting and bookkeeping: We take care of bookkeeping, withholding tax calculation, management reporting, consolidation reporting and statutory accounts - all reporting to relevant Qatari and international standards, tailor-made as per your requirements.

HR and payroll: We provide services for companies of any size by applying and implementing local labour law policies in employment contracts and handbooks, supporting with visa applications and any other necessary registrations as well as paying your staff in compliance with local laws and regulations.

We help you understand the local market

We help keep you stay compliant with local regulations and filings

We handle your accounting and bookkeeping

We help you with local employment contracts, including visas, and get your staff paid on time

We help you set up your company and handle the full process for you

TMF Group has local experts in Doha providing accounting, compliance, corporate secretarial and HR and payroll services across Qatar.

We can get you set up, provide a single point of contact and take care of those ‘non-core’ elements that keep your business moving, while you focus on what you do best: selling your products and services.

By taking the burden of the back office and centralising it through a single provider, we work with you to increase efficiency and help strip out any unnecessary costs.

QuickStart: to Market Entry Qatar has five main elements:

What makes us different? TMF Group is the global expert that understands local needs.

KNOWLEDGE: Based in-country, our independent experts understand the local market and all its associated legal, financial and regulatory compliance requirements.

FLEXIBILITY: We can offer an individual and tailored service that is scalable in line with business needs and is invoiced in whatever currency the client prefers.

CONTROL: Through our worldwide network of wholly-owned offices, we can offer global reporting and one single point of contact to businesses operating across multiple regions.

SPEED: Our local presence helps businesses to take an agile approach and enter new markets more quickly than their competition.

RANGE: We are the only global organisation to offer a complete suite of complementary business solutions.

TMF Group serves clients of all sizes and from all sectors; everyone from a small start-up to a large multinational. We work with more than 40% of the current S&P 500 and Fortune 500.

Thinking of doing business in Qatar?

The challenges ...Lack of local knowledge may result in:

INCREASED BARRIERS TO ENTRY EXCESS TIME BEING LOST PENALTIES FOR LACK OF COMPLIANCE LOST BUSINESS

Set-up time: Setting up in Qatar can take time, particularly when deciding on the right jurisdiction for your business, and navigating the different regulations and requirements must be the essential first step in your Qatar strategy. Understanding the local ownership structure for companies and the local trading legislation can also be difficult.

Strict compliance: Once you are established in Qatar there are often a range of compliance measures to take into account, such as making correct and timely filings, renewal of company documents and employment regulations. Failure to do so or incorrect procedure can lead to fines or company suspension.

... and the opportunitiesGreat reasons to invest in Qatar

Diversifying economy: Qatar is investing its large revenues from oil and gas in other economic sectors in order to expand its economic base and develop a strong private sector. As a full and active member of the World Trade Organisation, Qatar has opened other sectors of the economy to foreign participation and has relaxed its business regulations.

Qatar Financial Centre: For company headquarters, management offices, treasury functions companies, holding companies and special purpose companies, the QFC offers attractive advantages such as a strategic regional location, a transparent legal and regulatory environment and compelling tax advantages.

Continuing growth: Qatar has the highest Gross Domestic Product (GDP) per head in the world. It ranks 13th in the Global Competitiveness Index, the highest in the Gulf Cooperation Council (GCC) region. The business environment is fast-paced and, when coupled with a stable economy within the Middle Eastern region and Qatar’s winning bid for the FIFA 2022 World Cup, Qatar is continuing to grow and its markets expanding.

Qatar is economically stable, has a modern, fast-growing and diversified economy, and a government that offers strong support to developing not only infrastructure, but also new business initiatives. Culturally diverse, with a sunny climate and a rich heritage, Qatar is an exciting and great place to live and work.

Meet our Directors in Qatar

Julian Dietz is Managing Director of TMF Group’s offices in the UAE and Qatar. An experienced manager and leader with nearly 20 years of specialisation in corporate finance, human resources and change management, he has a successful track record of turning companies into profitable, sustainable and service-oriented businesses and is known for winning business through international alliances. Julian has ensured the successful and sustainable growth of TMF Group in the UAE and Qatar in line with the economic development of the Middle East markets. His focus is on business set-up in the Gulf as well as accounting and reporting, payroll services, domiciliary, management, corporate secretarial, structured finance, and fund administration.  

Whilst we have taken reasonable steps to provide accurate and up to date information in this publication, we do not give any warranties or representations, whether express or implied, in this respect. The information is subject to change without notice. The information contained in this publication is subject to changes in (tax) laws in different jurisdictions worldwide. None of the information contained in this publication constitutes an offer or solicitation for business, a recommendation with respect to our services, a recommendation to engage in any transaction or to engage us as a legal, tax, financial, investment or accounting advisor. No action should be taken on the basis of this information without first seeking independent professional advice. We shall not be liable for any loss or damage whatsoever arising as a result of your use of or reliance on the information contained herein. This is a publication of TMF Group B.V., P.O. Box 23393, 1100 DW Amsterdam, the Netherlands (contact@tmf-group.com). TMF Group B.V. is part of TMF Group, consisting of a number of companies worldwide. Any group company is not a registered agent of another group company. A full list of the names, addresses and details of the regulatory status of the companies are available on our website: www.tmf-group.com.

© February 2015 TMF Group B.V.

Our office in Qatar

TMF Group Business Services LLCAlfardan Towers, 8th FloorDohaState of Qatar

T. +974 4433 7332

tmf-group.com

Lennart Bottenberg is TMF Group’s Commercial Director for the Middle East, based in the Doha Office in Qatar. He is a seasoned sales and business development manager with vast experience and relevant education in cross-border set-up of new ventures, distribution networks, general management and regional sales. Specialist in international business services, luxury yachting, general management and operations, Lennart has been almost a decade in the Middle East and has been Chairman of the Dutch Business Council in Qatar for three consecutive years. His aim is to grow the business for TMF Group within the region. Further to this he assists Gulf constitutional and private investors with their investment structures in other parts of the world

Get in touch with Julian or the TMF Group team in Doha to discuss how to grow your Qatar business

qatar@tmf-group.com