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 nvestment of funds, whether as a principal or an agent.