The office or business center in which a company operates more important than we think. After all, it’s where employees spend time working with each other and conducting meetings with clients, among other activities. That means it’s important to keep these professional spaces updated with modern infrastructures, secure and clean, and fitted with amenities.
All of that is the job of a facilities management company. These teams oversee the physical, technical, and administrative services of a building or organization, with the aim of ensuring its effective and efficient operation. Facilities management covers maintenance, cleaning, security, energy management, space planning, and other support services.
Why it’s worth opening a facilities management company in Qatar
Facilities management in Qatar has seen significant growth in recent years, due to the country’s rapid development and infrastructure projects. It’s already been projected to have a compound annual growth rate of 7.9% between 2018 and 2028, contributing greatly to the already flourishing Qatar economy. Hosting the 2022 World Cup contributed to this too, as Qatar’s infrastructure investments hit a high in preparation for the event. Here are a few reasons why it’s worth forming a facilities management company in Qatar:
- Qatar putting a larger priority on sustainable and energy efficient infrastructure means more opportunity for facilities management firms
- As a thriving business hub, facilities management companies in Qatar will have a large market of firms to work with
- The government has many public infrastructure projects that will need facilities management expertise
- Facilities management companies can take advantage of Qatar’s modern technology and resources
- Businesses can enjoy Qatar’s many investor-friendly regulations, from low tax rates to extensive startup support
Steps to open a facilities management company in Qatar
Business setup in Qatar can be complex with different factors to consider, plus paperwork and liaising with different government offices. Thus, you may want to work with company formation experts like Creative Zone. Our team is well-informed of all the technicalities surrounding opening Qatar businesses, so we can assist you throughout the usual process, which is below:
- Pick out a company name
Company setup in Qatar always starts with name reservation. Think of a business name that fits your facilities management company, while also being inoffensive, non-blasphemous, and only with words that can be translated into Arabic. Register this with the Ministry of Commerce and Industry (MOCI).
- Prepare a Memorandum or Articles of Association (MOA or AOA)
The MOA or AOA contains information about your Qatar business, its goals, and your overall business plans. It’s an important document that must be submitted to and attested by the Ministry of Justice as a business proposal, so it’s ideal to work on it alongside a legal expert.
- Apply for a Commercial Residence
Any Qatar business needs to open a corporate bank account, invoice and accept payments from customers, and buy or own assets in the company name. To do this, you’ll need a commercial residence or CR. This document is issued by MOCI, and is typically renewed annually.
- Secure a business center
Your facilities management company will also need a physical office if you decide to operate from mainland Qatar. There are plenty of options to choose from, but we’ll help you find the ideal location for your business.
- Apply for a trade license & tax certificate
Submit your documents to MOCI in order to get your trade license, and your tax certificate. Here are some requirements, but take note that additional documents may be needed too:
- Articles of Association or Memorandum of Association
- Commercial Residence
- Proof of business center address (for mainland Qatar companies)
- Valid IDs of the company’s authorized representatives
- Obtain your computer card
Known as either a computer card or an establishment card, this is a small card that states who can sign on behalf of a business. The requirements when applying for a computer card are a copy of your CR, trade license, and the IDs of the individuals who can sign for the company.
- Register for your Tax Identification Number
Finally, register your company Public Revenue and Tax Authority to get a Tax Identification Number (TIN).
Where to open a facilities management company in Qatar
There are both mainland and free zone options when opening a facilities management company in Qatar. If you decide to set up in mainland Qatar, you’ll have the freedom to operate all over the country with no restrictions, giving your facilities management company access to more potential clients. You’ll also be able to bid for and participate in government projects – which can make up a big chunk of your clientele. However, mainland Qatar companies have foreign ownership restrictions and are subject to the country’s 10% corporate tax rate.
On the other hand, you may go with a free zone like the Ras Bufontas Free Zone. Qatar free zones allow for 100% foreign ownership and corporate tax exemptions. It also allows for more freedom when hiring foreign employees. All these make business setup in Qatar more cost-efficient and convenient. The main downside is that Qatar free zones typically only allow companies to operate within its jurisdiction.
Studying these pros and cons will be necessary to find the ideal location for a Qatar facilities management company, which is why we are more than happy to step in and help.
Creative Zone Qatar’s role
For over a decade, Creative Zone has been the go-to expert for business setup and beyond. We have helped over 50,000 clients around the world start their companies and achieve their business goals.
Our offerings range from trade licenses, funding, and visas, to tax and accounting, HR, marketing, and legal services – among many others. We’re your long-term partners who can take your company from an idea, to a fully realized and successful facilities management firm.
If doing all that excites you, then contact our specialists and let’s start the process.