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Application Requirement Guidelines

Depending on the legal structure of the entity you propose to set up in the QFC, refer to the guidelines that outline the application requirements to carry out non-regulated activities.
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Limited Liability Company (LLC)

A form of legal entity known as a limited liability company. Refer to Article 14 of Part 3 of the
Companies Regulations to learn more.

LLC Includes Special Purpose Companies (SPCs), Holding Companies (HCs), Single Family Offices (SFOs) & Investment Clubs (ICs)

 

Read the full article >

Application Form

Single Online Dynamic Application Form for Registration and Licence. 

 

Nature of Business

Non-Regulated Permitted Activities

Qualification Criteria

Depending on the type of company you wish to set up, outlined below is the criteria typically considered for evaluating whether your proposed business operations are aligned with the QFC Permitted Activities, and it is considered your entity will add strategic value to Qatar and the QFC
‐ Global presence                        ‐ Global revenues
‐ Global headcount                     ‐ Presence in Qatar
‐ Financial projections                ‐ Scope of activities under QFC
‐ Funding source                         ‐ Expected no. of employees


Details You Need to Complete and Provide Within the Online Application Form

Undertaking Acceptance of Undertaking  

Details of Proposed QFC Entity
- Proposed activities/services within QFC

- Proposed name (English and Arabic)

- Registered office*
(which must be in a QFC designated location)

- Financial Year End

- Shareholder details

- Authorised Share Capital (no minimum)

- Expected no. of employees (projections over 3 years)

- 3 years’ financial projections

- Funding source

- Confirmation if the entity will meet the definition of Designated Non Financial Business or Professional (DNFBP)

 

* SPCs and HCs can use SSP’s office, if within QFC

 

Details of Incorporators and Officers
‐ Incorporators and Controllers (Individual/Corporate)

(shareholders for investment Clubs - Min. 2 & Max. 15)
‐ Director(s)
‐ Senior Executive Function
‐ Designated Representative (for SFO)
‐ Secretary
‐ MLRO/DMLRO (for DNFBP)

Minimum Document Requirements ‐ Ultimate Beneficial Ownership (UBO)

‐ Articles of Association (option to adopt QFC Standard Articles of Association or bespoke)

 

For Individuals:
‐ Signed Declaration and Consent Form for Incorporator(s)/Director(s)/Senior Executive Function/Secretary
‐ CV or business profile, passport copy and/or Qatar ID for Incorporator(s)/ Director(s)/SEF/Secretary
‐ A No Objection Certificate (NOC)/letter from the Qatari entity/sponsor for individuals currently under sponsorship in Qatar and/or any Incorporators who have an existing entity either through corporate ownership or branch in the State of Qatar

 

For Corporates:
‐ Signed Declaration and Consent Form
‐ A copy of the Incorporator’s current Certificate of Incorporation or Registration in its place of origin

‐ A copy of the constitutional document of the Incorporator (Note: Where the document above is not in the English language, this must be accompanied by a translation - that is certified as a true and accurate translation of the document by a professional translator)
‐ A copy of the Resolution of the board of directors (template provided)

 

If DNFBP:
‐ Applicant’s AML manual in compliance with the QFCRA’s
AML/CFTR Rules (Guidelines provided)
‐ For MLRO and DMLRO:
  • CV detailing the individual’s AML/CFT experience and

    qualifications
  • Passport copy and/or Qatar ID copy

‐ For other professionals:
  • Copy of current professional membership certificate

 


Requirements to be Fulfilled Post Licensing

‐ Appointment of Auditor
‐ Professional Indemnity Insurance
‐ Additional specific requirements per Licensing Letter issued post registration

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Limited Liability Partnership (LLP)

A form of legal entity known as a Limited Liability Partnership. Refer to Article 6 of Part 2 of the

Limited Liability Partnerships Regulations to learn more.

 

Read the full article >

Application Form
Single Online Dynamic Application Form for Registration and Licence

 

Nature of Business
Non-Regulated Permitted Activities

Qualification Criteria

Depending on the type of company you wish to set up, outlined below is the criteria typically considered for evaluating whether your proposed business operations are aligned with the QFC Permitted Activities, and it is considered your entity will add strategic value to Qatar and the QFC
‐ Global presence                        ‐ Global revenues
‐ Global headcount                     ‐ Presence in Qatar
‐ Financial projections                ‐ Scope of activities under QFC
‐ Funding source                         ‐ Expected no. of employees


Details You Need to Complete and Provide Within the Online Application Form

Undertaking

Acceptance of Undertaking


Details of Proposed QFC Entity
‐ Proposed activities/services within QFC
Proposed name (English and Arabic)
‐ Registered office (which must be in a QFC designated location)
‐ Financial Year End
‐ Presence in Qatar
‐ Expected no. of employees (projections over 3 years)
‐ 3 years’ financial projections
‐ Funding source
‐ Confirmation if the entity will meet the definition of Designated Non-Financial Business or Professional (DNFBP)

 

Details of Incorporators and Officers
‐ Member(s)/Controller(s) (Individual/Corporate)
‐ Designated Member(s), if any
‐ Senior Executive Function
‐ MLRO/DMLRO (for DNFBP)

Minimum Document Requirements
For Individuals:
‐ Signed Declaration and Consent Form for Member(s)/Controller(s)/Designated Member(s)/Senior Executive Function
‐ CV or business profile, passport copy and/or Qatar ID for Member(s)/Controller(s)/ Designated Member(s)/Senior Executive Function
‐ A No Objection Certificate (NOC)/Letter from the Qatari entity/sponsor for individuals currently under sponsorship in Qatar and/or any Incorporators who have an existing entity either through corporate ownership or branch in the State of Qatar

 

For Corporates:
‐ Signed Declaration and Consent Form
‐ A certified copy of the Corporate Member’s current certificate of incorporation or registration in its place of origin, or a document of similar effect
‐ A certified copy of the constitutional document of the Corporate Member i.e., partnership deed or member’s agreement, etc. (Note: Where the document above is not in the English language, this must be accompanied by a translation - that is certified as a true and accurate translation of the document by a professional translator)
‐ Copy of the Resolution of Members certified by a member or designated member of the Body Corporate (template provided)

 

If DNFBP:
‐ Applicant’s AML manual in compliance with the QFCRA’s AML/CFTR Rules (Guidelines provided)
‐ For MLRO and DMLRO:
  • CV detailing the individual’s AML/CFT experience and
    qualifications
   • Passport copy and/or Qatar ID copy
‐ For other professionals:
   • Copy of current professional membership certificate


Requirements to be Fulfilled PostLicensing
‐ Appointment of Auditor
‐ Professional Indemnity Insurance
‐ Additional specific requirements per Licensing Letter issued post registration

 

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LLC Branch / LLP Branch

A branch of a Non-QFC Company registered in the QFC under these Regulations or any other Regulations. Refer to Article 157 of Part 14 of the Companies Regulations to learn more.

 

Read the full article > 

Application Form
Single Online Dynamic Application Form for Registration and Licence

 

Nature of Business
Non-Regulated Permitted Activities

Qualification Criteria

Depending on the type of company you wish to set up, outlined below is the criteria typically considered for evaluating whether your proposed business operations are aligned with the QFC Permitted Activities, and it is considered your entity will add strategic value to Qatar and the QFC
‐ Global presence                        ‐ Global revenues
‐ Global headcount                     ‐ Presence in Qatar
‐ Financial projections                ‐ Scope of activities under QFC
‐ Funding source                         ‐ Expected no. of employees


Details You Need to Complete and Provide Within the Online Application Form

Undertaking

Acceptance of Undertaking

 

Details of Non-QFC Company

‐ Name of Non-QFC company
‐ Registered number
‐ Date of incorporation
‐ Place of incorporation and registered address
‐ Global presence
‐ Global annual revenue
‐ Global headcount
‐ Activities/services offered by the non-QFC company
‐ Presence in Qatar

 

Details of Proposed QFC Branch
‐ Proposed activities/services within QFC
Proposed name (English and Arabic)
‐ Principal place of business (which must be in a QFC designated location)
‐ Expected no. of employees (projections over 3 years)
‐ 3 years’ financial projections
‐ Funding source
‐ Confirmation if entity will meet definition of Designated Non-Financial Business or Professional (DNFBP)

 

Details of Incorporators and Officers
‐ Controller(s) (Individual)
‐ Non-QFC Director(s) / Member(s) (Individual/Corporate)
‐ Senior Executive Function
‐ Principal Representative
‐ MLRO/DMLRO (for DNFBP)

Minimum Document Requirements
Ultimate Beneficial Ownership (UBO)

 

For Individuals:
‐ Signed Declaration and Consent Form for Controller(s)/Non-QFC Director(s)/ Member(s)/Senior Executive Function/Principal Representative
‐ CV or business profile, passport copy and/or Qatar ID for Controller(s)/Non-QFC Director(s)/Member(s)/Senior Executive Function/Principal Representative
‐ A No Objection Certificate (NOC)/Letter from the Qatari entity/sponsor for individuals currently under sponsorship in Qatar and/or any Incorporators who have an existing entity either through corporate ownership or branch in the State of Qatar

 

For Corporates:
‐ Signed Declaration and Consent Form
‐ Documentary evidence of financial strength, including but not limited to, the last two years’ audited financial statements of the Non-QFC company/parent entity
‐ A certified copy of the Non-QFC Company’s current certificate of incorporation or registration in its place of origin, or a document of similar effect
‐ A certified copy of the constitutional document of the Non-QFC Company i.e. articles of association, partnership deed or member’s agreement, etc. (Note: Where the document above is not in the English language, this must be accompanied by a translation – that is certified as a true and accurate translation of the document by a professional translator)
‐ A certified copy of the Resolution of the Members of the Non-QFC Company (template provided)

 

If DNFBP:
‐ Applicant’s AML manual in compliance with the QFCRA’s AML/CFTR Rules (Guidelinesprovided)
‐ For MLRO and DMLRO:
  • CV detailing the individual’s AML/CFT experience and qualifications
  • Passport copy and/or Qatar ID copy
‐ For other professionals:
  • Copy of current professional membership certificate

 

 

Requirements to be Fulfilled Post Licensing
‐ Professional Indemnity Insurance
‐ Additional specific requirements per Licensing Letter issued post registration

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Limited Liability Company (Guarantee) - LLC(G)

A branch of a Non-QFC Company registered in the QFC under these Regulations or any other
Regulations. Refer to Article 92A of Part 3A of the Companies Regulations to learn more.

 

LLC (G) is applicable for activities related to Professional Associations, Business Councils, Professional Membership body, and other LLC(G) activities

 

Read the full article > 

Application Form
Single Online Dynamic Application Form for Registration and Licence

 

Nature of Business
Non-Regulated Permitted Activities

Qualification Criteria

Depending on the type of company you wish to set up, outlined below is the criteria typically considered for evaluating whether your proposed business operations are aligned with the QFC Permitted Activities, and it is considered your entity will add strategic value to Qatar and the QFC
‐ Financial projections       ‐ Global revenue & source
‐ Presence in Qatar            ‐ Scope of activities under QFC
‐ Main activities                  ‐ Funding source

‐ No. of members               ‐ Key objectives & mission statement

Details You Need to Complete and Provide Within the Online Application Form

Undertaking

Acceptance of Undertaking

 

Details of Non-QFC Company

If existing legal presence:
‐ Date of Incorporation
‐ Country of origin
‐ Number of members
‐ Global annual revenues and source
‐ Key objective and mission statement, if applicable
‐ Main activities
‐ Governance mechanism

 

Details of Proposed QFC Branch
‐ Proposed activities/services within QFC
Proposed name (English and Arabic)
‐ Registered Office (which must be in a QFC designated location)
‐ Financial Year End
‐ 3 years’ financial projections
‐ Funding source
‐ Guarantee of QAR 1,000 (Min.) per Member

 

Details of Incorporators and Officers
‐ Member(s)/Controller(s) (Individual/Corporate)
‐ Director(s)
‐ Senior Executive Function
‐ Secretary

Minimum Document Requirements
‐ Ultimate Beneficial Ownership (UBO)
‐ Articles of Association (option to adopt QFC Standard Articles of Association or bespoke)

 

For Individuals:
‐ Signed Declaration and Consent Form for Incorporator(s)/Director(s)/Senior Executive Function
‐ CV or business profile, passport copy and/or Qatar ID for Incorporator(s)/Director(s)/ Senior Executive Function/Secretary*

* CV or business profile only required if carrying out multiple roles

 

For Corporates:
‐ Signed Declaration and Consent Form
‐ A certified copy of the Body Corporate current certificate of incorporation or registration in its place of origin, or a document of similar effect
‐ A certified copy of the constitutional document of the Body Corporate i.e. articles of association, partnership deed or member’s agreement, etc. (Note: Where the document above is not in the English language, this must be accompanied by a translation - that is certified as a true and accurate translation of the document by a professional translator)
‐ A certified Copy of the Resolution of the board of directors of the body corporate

 

If existing legal presence, and activity is Business Council:

‐ Brief background on your members and/or supporting organisations
‐ Official letters from an embassy(s) or any other proof of recognition by a trade mission(s) or official organisations

 

 

Requirements to be Fulfilled Post Licensing
‐ Additional specific requirements per Licensing Letter issued post registration

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