Corporate Changes

Managing Challenges in Business Across Borders – Thinking Globally, Acting Locally.

Businesses face a lot of risks from internal and external events that affect their operational efficiency. Once of the worst-case scenarios is to have operations on hold due to company licenses, changes in corporate structure and management.

At Fusion, we advise on best local practices for international companies to successfully implement corporate strategy, as well as to restructure their existing setup. Not only would you have a tentative estimated timeline in place with milestones, but also full consultation and operational support. That is, Fusion may draft the requirements for you to review and confirm how you wish to proceed. Our experienced Legal Pro team will liaise with the Ministry of Commerce and Industry (“MOCI”) for most up to date information and execution of all corporate changes.

Most common questions include:

What is the timeline for the company set up in Qatar?

How much is the share capital investment?

What are the commercial activities required for our specific oil and gas operations?

What commercial activities allow for import of goods?

How do we obtain the same commercial company name as our parent company?

What is the local management structure, does it require for Managers to have Qatar ID?

If the current GM leaves, what are the requirements and timeline to appoint a new GM?

Is it possible to have several Managers nominated in the Articles of Association, with different powers?

What are the requirements for an authorised bank signatory to be appointed?

We changed company name in home country, how do we implement that in Qatar?

How long does it take to execute share transfer and who can sign for it?

We are looking for a new local Qatari partner, what are the requirements to change local partner?

And more..

At Fusion, We Provide Invaluable Local Advice and Solutions for Corporate Changes.

• Connecting the dots between international and local legal practices
• Pros & Cons of Individual VS. Corporate Shareholding
• Share Transfer Guidelines
• Change of Local Qatari Partner
• Change of Foreign Partners
• Share Sale and Purchase Agreement
• Changes of Commercial Name
• Change of General or Country Managers
• Corporate Bank Account Authorizations Guidance
• And more..

Example: Requirements For Share Transfer


New & Old Shareholder Requirements

First, it is required to have all documents in place for both the seller and the buyer. For corporate shareholding, all foreign documents will need to be fully attested for official use in Qatar, including a Power of Attorney for the sale/purchase of shares.


Share Sale and Purchase Agreement (SPA)

The official agreement required for share transfer is called a Share Sale and Purchase Agreement (SPA). Fusion may assist with drafting such an agreement, based on official templates. If you are looking for a new local Qatari partner, we will check the company position and requirements for the share transfer to Fusion Middle East


Tax NOC From General Tax Authority (GTA – Dhareeba)

For share transfer that includes any foreign shareholding, the company will be required to provide a Tax Noc, stating that there are no pending obligations towards the General Tax Authority (GTA) that would block the process. Your local auditors may assist with such requests through Dhareeba online tax portal.


Approval From Ministry of Labour (MOL)

In order for a change of shareholding/ownership to happen, the company is required to obtain approval from the Ministry of Labour (MOL) stating that all salaries have been paid on time and there is no related company block in the Wages Protection System (WPS).


Approval From Ministry of Commerce and Industry (MOCI)

Ministry of Commerce and Industry (MOCI) is required to approve the shareholding ratio and the terms of the Agreement, as once it is fully executed the change of shareholding will need to be filed at MOCI and reflected on Commercial Registration.


Approval from Ministry of Justice (MOJ) and notarization

Finally, the authorized representatives of both buyer and the seller are required to have their signatures on the agreement witnessed at the Ministry of Justice (MOJ), by the Notary Public. Once notarized, the SPA is considered to be fully executed and changes may be recorded in company licenses and documents.


Commercial Registration (CR)

The Sale Share and Purchase Agreement, after it is fully executed, has to be submitted to the Ministry of Commerce and Industry (“MOCI”) and the change of shareholding must be recorded in Commercial Registration. Until this is completed, the SPA is considered a standalone document, and the possibility to effect the change will expire in a couple of months unless logged in MOCI and on Commercial Registration.


Recommended: Amendment to Articles of Association (AAOA)

Finally, after Commercial Regsiatrtion, all of the changes should be reflected in the Amendment to the Articles of Association (AAOA). AAOA is to be signed by authorized representatives of all shareholders in front of the Notary Public, Ministry of Justice.


Final considerations..

Please be reminded that with the change of shareholding, there may be changes in authorized signatories required on company licenses, updates of company records for corporate banking, etc. You may reach out to us at Fusion for guidance, and any questions and concerns.


February 2023 marks the 9th year that M1 Support Services has been a client of and partner with Fusion Middle East. Ensuring compliance with all regulatory requirements has been the primary objective of our business operations in Qatar. The Fusion ME team’s expertise in company formation, registration, labor, banking, and taxation has proven effective in our ability to meet each Ministry’s evolving requirements. Their knowledge and experience provide efficient customer support to minimize wait time and unproductive delays. We look forward to continuing our successful partnership with Fusion Middle East.

Hamilton international school has been a client of Fusion Middle East since 2019. The partnership with Fusion Middle East has been working well over the past 4 years. They provide us with business support at the highest level. The team we liaise with is professional and courteous. We highly recommend Fusion Middle East to anyone who is looking for long-term business support.

WMP has enjoyed a business relationship with Fusion Middle East since 2014. During our time working with Fusion, we have found them to be dependable, knowledgeable, and trusted local business partners.
Quite rightly, they have an excellent reputation within Qatar and can always be relied upon to deliver. In an often challenging and dynamic, high-growth market such as Qatar, they provide not only a suite of crucial business establishment and management services but also, wise counsel.

Our experience over the past three years with Fusion has been outstanding. Fusion’s support and commitment toward WIS operations ensure that our business requirements comply with local law regulations. WIS would recommend Fusion to be a valued partner for any company starting a Qatar-based business.

Fusion has been a great business partner and a PRO services provider since 2016. They have a profound understanding of our business needs and are experts on legal, commercial, and immigration requirements in Qatar. We appreciate their great support in helping us through major transitions in our company. Fusion is always there, ready to assist and we are happy to continue with them.

"We have been working with Fusion for years now, and the results have been nothing short of impressive.
Their team is incredibly professional, efficient, and always ready to help us. They understand our needs and are always willing to work with us to create customized solutions that meet our specific needs.
Pearl Dermatology is proud to be working with them, and we look forward to continuing our partnership for many years to come."

“When we came to Doha in 2018, we were starting with zero experience and minimal knowledge of doing business in Qatar. The smartest thing we did in those first weeks brought in Fusion as our partner in Doha. They have worked closely with us from those earliest days, establishing our Qatari company with us, getting our staff of 17 in the country and properly credentialed, and responding quickly to any and all unforeseen challenges. We wouldn’t have survived the COVID pandemic with our Qatar project intact without Fusion’s expert and proactive support. We’ve been with Fusion for over four years now and wouldn’t partner with any other company in Qatar. Two enthusiastic thumbs-up for our Fusion partners!”

“Efficient, Effective, and Professional Performance of Fusion Group Holding from the very beginning of our relationship until the present.
Fusion Group Holding has met our requirements and needs as a sponsor and advisor.
REEL international would like to thank Fusion Group Holding and all its staff members for their dedication and commitment.”

Being partners with Fusion was the best decision we ever took. Now over 3 years of mutual success, Fusion comes as a complete package. They have helped us in every step of our business. Totally professional and knowledgeable team. Problem Solvers!!

”We have been working with Fusion Middle East for the past 7 years. And it has been great working with them.
They have helped and supported us a lot in our business. Especially related to our visa concerns and other related issues.

We are looking forward to more years of growing our business with them.”

I would tell others that Fusion has enabled us to focus on our core business activities, customers and sustainable growth with peace of mind knowing that all of the back-office tasks required to operate in Qatar are expertly managed; from staff visas, employment contracts, trade licenses to tax and regularity reporting.

We have an excellent relationship with Fusion and consider them as part of our extended team in Qatar

We were looking for a reliable business partner to assist us with management of corporate matters. Fusion Middle East team is always ready to provide necessary support, quick answers and effective solutions in a very professional manner.

We are pleased to share our experience with Fusion Middle East. We are delighted to have partnered with Fusion Middle East who assisted us in the formation of our Moving/Relocation business in Qatar. Our partnership has crossed a decade and the one thing that keeps us together is that we both share a common goal of giving their client's a Smooth & a Stress free service. The team at Fusion Middle east are highly trained professionals who have assisted us with many Government & legal formalities during the initial set up and for all these years. It's a pleasure to be affiliated with the Fusion Middle East team & We wish them All the very Best.

Since 2018, Klingspor Group found in Fusion not just a service provider, but a strong reliable and punctual partner which provides continuous support in settling all banking and administrative tasks for its local venture in Doha – Qatar, Al Shefa Trading WLL. We do recommend considering them for your business setup, as well as business associate in the GCC.

How long have you been our client? 4 years.
What would you tell others when recommending working with us? Well organized professional operation which is easy to deal with, prompt response to all requests, good communication and swift problem solving.
How would you summarize the relationship with Fusion Middle East as a whole? Great team to work with and highly recommended partner.

“We developed a great partnership with Fusion Middle East since our company’s incorporation in the state of Qatar back in 2011. We appreciate their continuous support and timely services to help us ensure compliance at all times with the local law and regulations.”