General Partnership Company
A general partnership company is a company formed between two persons or more, in which the partners assume joint responsibility to the extent of all their funds for the partnership’s obligations.
Simple Partnership Company
A simple partnership company is a company consists of two categories of partners as follows:
- Jointly and severally liable partners: who run the company and are jointly and severally liable for the company’s obligations in all their fortune
- Sleeping or silent partners: who have invested capital in the company, but shall not be liable for the company’s obligations save to the extent of their shares in the capital.
Sole Proprietorship Company
A sole proprietorship company means, in the course of applying the provisions of this Law, every economic activity the capital of which is fully owned by one natural person or corporate entity.
A shareholding company is a company whose capital is divided into tradable shares that are equal in value. Shareholders shall not be liable for the company’s debts and liabilities except to the extent of the value of their shares.
Private Shareholding Company
A number of founding shareholders, not less than five persons, may establish a private shareholding company. The private shareholding company shall not be publicly listed. The shareholders shall subscribe to all the shares of this company. Capital of the company shall not be less than two million Qatari Riyals. Expect for provisions governing public subscription, listing and trading, private shareholding companies are governed by provisions applicable to shareholding companies.
Limited liability Company
A limited liability company is a company the partners of which are not more than fifty (50) and not less than two partners. Partners are responsible only to the extent of their shareholding in the capital. Tradable shares certificates shall not be issued to partners for their stakes in the company.
A holding company is a shareholding, limited liability or sole proprietorship company that financially and managerially controls another one or more companies. The controlled companies, when owned by at least (51%) in share or stakes by the holding company, shall become subsidiaries of the holding company.
Foreign Companies - exempted by ministerial order
Is a company that:
- Is involved in contracts at the state and licensed by a ministerial order issued under Law No. (13) regulating non-Qatari capital and under Law No. (13) of 2000 regulating economic activities
- Its non-Qatari stake exceeds 49% of the company capital. This is only for companies involved in contracts at the state.
Foreign Companies – exempted by ministerial order
Audit firms/bureaus practice the profession of auditing and reviewing companies’ accounts. This is the profession of legal accountant governed by Law No. (30) of 2004 regulating accounts auditing profession.