Business center in Qatar is a professionally managed commercial facility that offers end-to-end business infrastructure for short to medium term durations. They offer services such as office space, meeting rooms and support services like wifi, fax and photocopiers. Using a Business center in Qatar saves investors the time and money that goes into setting up an independent office. It also cuts down on recurring expenses, such as office rent, furniture costs, telecommunications charges and insurance fees.
When a business in Qatar needs best-in-class technical, commercial and hospitality facilities at affordable prices, it makes sense to occupy office space within a Business Centre. This way, companies can pay only for the space they require and avoid investing in expensive infrastructure that they may not need permanently. Additionally, they can also benefit from the many services offered by Business centers, which are typically included in their rental agreements.
For foreign investors, setting up a company in Qatar can be a complicated and costly process. In order to make the process easier, they should consider buying an existing business that is already making a profit. This way, they can bypass the capital requirements, registration, sponsorship and immigration procedures. However, they should also be aware that a purchase of an existing business does not guarantee their right to remain 100% owners of the company.
In Qatar, the government established the Qatar Financial Center (QFC) as a platform for international financial services providers. This agency operates on international standards and provides legal support and business infrastructure for its clients. Entities established under the QFC’s responsibility can be owned by foreigners and can send their profits abroad. Nonetheless, the government requires them to have a local partner in order to conduct business in Qatar.
To start a new business in Qatar, the investor must have the Commercial Register, which is an official document confirming that their company is registered with the local authorities. After the registration, the investor can open a bank account for their company. To do this, they must present an original copy of the Commercial Register, a valid passport and a work permit for their employees.
When hiring an employee in Qatar, the employer must provide a contract of employment in Arabic and in English for the employee’s signature. The contract should state the terms of employment, including salary and allowances, as well as provide details of any holidays or sick leave that are applicable. In addition, the contract should include a list of all the facilities that the employee has access to and any restrictions on their usage. The list should be updated regularly. Moreover, the contract must contain a clause that states that the employee will use a Qatari name. The name must also be printed on all documents and advertisements. It is advisable to choose a name that is short and easily pronounceable. It is also a good idea to register the name with the local trademark office. This will ensure that the owner can defend their intellectual property rights. Business center in Qatar