Limited Liability Company

A Limited Liability Company is a company formed with at least two partners and not more than fifty partners, whose liabilities are limited to the value of shares held in the company. The shares of a Limited Liability Company are not freely transferable.

 

  • The company should have a Memorandum and Articles of Association signed by all the partners. In all cases the words “Limited Liability Company” should be added to the name of the company.

  • The company must have a minimum capital of QR 200,000 (two hundred thousand Qatari Riyals), divided into shares of equal value not less than QR 10 (ten Riyals) each.

  • The management of a Limited Liability Company is conducted by one or more managers whether being partners in the company or not.

  • A Limited Liability Company may not engage in the business of insurance, banking, or in the investment of funds, whether as a principal or an agent.

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