778-Som-Lalit Institute Of Business Management - Gujarat ...
778-Som-Lalit Institute Of Business Management - Gujarat ... 778-Som-Lalit Institute Of Business Management - Gujarat ...
(g) A non-Qatari company working in Qatar under a Qatari government concession to extract, exploit or manage the State's natural resources is exempt from the Foreign Investment Law. In exercise this shields all the major oil companies. (h) A company formed between a non-Qatari entity and the Government or a Governmental entity (an Article 68 Company) will be subject to special rules. Company structures The two forms of vehicle most estimated to be of attention to non-Qatari investors are Limited Liability Companies (LLCs) and so-called Article 68 Companies. Other potential legal entities under Qatari law are Limited Partnerships, Particular Partnerships, Holding Companies, Single Owner Companies and Qatari Shareholding Companies (QSC), but non-Qatari participation is regulated. If the non-Qatari investor is allowed to own 100% of the company (by MBT as a result of investing in certain specified sectors) the single shareholder company can be used as the vehicle for such investment. Article 68 Company Characteristics include: (a) formed among an investor, which may be non-Qatari, and the Government or a company in which the Government holds shares in the share capital of a company; (b) the non-Qatari investor's portion of the company is a matter for negotiation, but can be greater than 51% subject to Council of Ministers' sanction; (c) corporate structure is of a "Qatari Shareholding Company with Government Participation"; and (d) falls outside the Foreign Investment Law and, to a certain degree, the Commercial Companies Law. 60 | P a g e
Taxation Registered Entities The Tax Law (Law No. (21) Of 2009) presented a new tax system with effect from 01 January 2010. Profits attributable to non-Qatari receivers are now taxed at a flat rate of 10%. The new tax law also presented withholding tax for the first time. Qatari individuals and registered entities must now reserve either 5% or 7% of any payment made to a non-Qatari service supplier (depending on the services delivered) where that provider cannot show that he, she or it has a stable place of establishment in Qatar. Non-Qatari investors are advised to gain Qatar tax advice before arriving in the Qatar market; the "Big 4" accounting firms have offices in Qatar. Tax treaties Certain countries, such as the United Kingdom, have double tax treaties with Qatar. In the lack of such treaties, unilateral help may available where Qatari income tax has been paid. Tax exemptions The Tax Law establishes the idea of tax exemption for specific projects where definite conditions apply. Request for tax exemption of projects is assessed by a Committee reporting to the Ministry of Economy and Finance. The exemption periods are 3 years on the sole sanction of the Minister of Economy and Finance and 6 years on the agreement of the Council of Ministers 61 | P a g e
- Page 9 and 10: these factors are playing in our ad
- Page 11 and 12: Pharmaceutical industry today The I
- Page 13 and 14: According to recent reports in The
- Page 15 and 16: • They also signed Arab concord p
- Page 17 and 18: • There is low investment in inno
- Page 19 and 20: • The increase of innovative cons
- Page 21 and 22: Threats: 1) Threat from low cost co
- Page 23 and 24: As long as the municipality‘s sup
- Page 25 and 26: Feasibility Study on the alternativ
- Page 27 and 28: The Museum of Islamic Arts, which c
- Page 29 and 30: famous as the Dawlat Qaṭar, is an
- Page 31 and 32: executes needs for new business opp
- Page 33 and 34: Energy Profile Qatar Before the eme
- Page 35 and 36: investment from Qatar in crude stor
- Page 37 and 38: • Ministry of Power and Central E
- Page 39 and 40: According to Crisil report (June 20
- Page 41 and 42: Developments in Transmission Power
- Page 43 and 44: companies. Several companies have a
- Page 45 and 46: for IPPs (which are feasible for co
- Page 47 and 48: EMERGENCY SERVICES The ambulance se
- Page 49 and 50: MEDICAL R&D IN QATAR Currently, the
- Page 51 and 52: Legal The main government hospitals
- Page 53 and 54: MEDICAL TRAVEL Medical tourism, tre
- Page 55 and 56: CHCs are run by community based org
- Page 57 and 58: 5) Restaurant business in Qatar Cur
- Page 59: Doing Business in Qatar In keeping
- Page 63 and 64: As with all Arab peoples, the ritua
- Page 65 and 66: ‗Al Jalsa‘ It‘s love that we
- Page 67 and 68: Service Excellent service paired wi
- Page 69 and 70: Joint ventures with various restaur
- Page 71 and 72: Qatar sees sport as a key way in wh
- Page 73 and 74: A development in sports can improve
- Page 75 and 76: Essentials For An Investor Main in
- Page 77 and 78: The local partners see a joint vent
- Page 79 and 80: HOW TO ENTER IN QATAR? From the abo
- Page 81 and 82: Sports awareness, education and cul
- Page 83 and 84: SWOT Analysis of Infrastructure ind
- Page 85 and 86: The other 9 stadiums will be state
- Page 87 and 88: MEED construction analyst Andrew Ro
- Page 89 and 90: OVERALL COMPARISON WITH INDIA Every
- Page 91 and 92: Official Apathy has also harmfully
- Page 93 and 94: A sporting culture cannot take root
- Page 95: Direct labor conditions:- The o
Taxation<br />
Registered Entities<br />
The Tax Law (Law No. (21) <strong>Of</strong> 2009) presented a new tax system with effect from 01<br />
January 2010. Profits attributable to non-Qatari receivers are now taxed at a flat rate<br />
of 10%. The new tax law also presented withholding tax for the first time. Qatari<br />
individuals and registered entities must now reserve either 5% or 7% of any payment<br />
made to a non-Qatari service supplier (depending on the services delivered) where<br />
that provider cannot show that he, she or it has a stable place of establishment in<br />
Qatar.<br />
Non-Qatari investors are advised to gain Qatar tax advice before arriving in the<br />
Qatar market; the "Big 4" accounting firms have offices in Qatar.<br />
Tax treaties<br />
Certain countries, such as the United Kingdom, have double tax treaties with Qatar.<br />
In the lack of such treaties, unilateral help may available where Qatari income tax<br />
has been paid.<br />
Tax exemptions<br />
The Tax Law establishes the idea of tax exemption for specific projects where<br />
definite conditions apply.<br />
Request for tax exemption of projects is assessed by a Committee reporting to the<br />
Ministry of Economy and Finance.<br />
The exemption periods are 3 years on the sole sanction of the Minister of Economy<br />
and Finance and 6 years on the agreement of the Council of Ministers<br />
61 | P a g e
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