WLL Company Formation in Qatar

WHAT DO YOU UNDERSTAND BY THE TERM ‘WLL COMPANY FORMATION’?




The With Limited Liability Company, also known as WLL Company is a form of business partnership which allows greater flexibility in conducting a business activity. The WLL Company Formation helps a foreign business owner in owning up to 49% of shares in the company.

The foreign business owner is also eligible for numerous benefits in taxes and custom duties which makes it highly flexible for business entities in developing their business goals as well as aspirations into reality.

 

WHAT IS THE IMPORTANCE OF THE WLL COMPANY FORMATION IN QATAR

Over the years, Qatar has developed into one of the most developed nations which has an efficient infrastructure which provides maximum support for various business as well as commercial activities. This has led to a rapid increase in WLL Company Formation which has immensely benefitted clients in developing their business.

Some of the important steps for WLL Company Formation are as follows

·        * Selecting a suitable Company Name

·       *  Forming a Temporary Bank Account for depositing capital amount

·        * Approval of Articles of Association and other documents important for the incorporation of a Company.

·        * Registration with Qatar Chamber of Commerce

·      *  Obtaining the pre-requisite requirements for Company Seal, Trade Seal and Signage License.

 

WHAT ARE THE BENEFITS OF WLL COMPANY FORMATION?

Some of the common benefits for WLL Company Formation are as follows

·        The foreign business owner is only responsible for the liabilities up to the share in the firm or organization.

·        This form of Company will not be a subject of withholding taxation.

·        The WLL Company Formation allows steady growth in one’s business.

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