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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.