Two or more persons may apply for the incorporation of a LLP, under the QFC Limited Liability Partnership Regulations, for the purpose of carrying on a business of a kind permitted by the QFC Law.

Key Features

• A separate legal entity, governed by a LLP agreement
• Partners have to enter into a LLP agreement
• There shall be a minimum of two or more members, which can be of any nationality
• There is no share capital requirement for LLPs conducting Non-Regulated Permitted Activities
• Each member of an LLP shall be liable to contribute to its assets in the event of its being wound up, to the extent he has agreed to make such a contribution
• An LLP shall at all times have a registered office situated in a OFC approved premises, and shall carry out its business from such registered office 
• The accounts of an LLP are to be audited by a QFC approved auditor and approved by its members, and filed with the CRO

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The Qatar Financial Centre Authority (“QFCA”) is committed to ensuring and enhancing transparency by adhering to the legislation on Anti-Money Laundering and Combating Terrorism. In line with this commitment and as a part of its duty in setting up different legal structures or arrangements in the Qatar Financial Centre (“QFC”), the QFCA also has the responsibility for gathering Basic Information regarding such structures or arrangements and identifying their ultimate beneficial owners. It is the responsibility of the legal structures or arrangements registered with the QFC, to maintain at its Registered Office, a Register of Basic Information, a Register of Beneficial Owners and a Register of Nominees, in addition to any other Register required to be maintained under any QFC Regulations and Rules.

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