Listing newly formed IT company with Banks

Post new topic

srk-expat Member

Member since 17 November 2023

srk-expatMember17 November 2023 02:35:14

Hi Everyone

i recently opened an IT services company and as a start have 5 employees.

I was told to get benefits from bank , The company must be listed with Banks .

what do Banks consider when listing a company ?

how long the company has to be older ?

how many minimum employees?

etc.

please advise

Wilson Qatar and Asia-India Expert/SEO

Member since 06 February 2018

WilsonQatar and Asia-India Expert/SEO19 November 2023 02:06:53

672

The Minister of Labour and Social Affairs recently issued a Decision setting out both the controls and procedures required to apply the new rule which it refers to as the Wages Protection System (WPS). Without WPS Employers will be liable to a penalty.

For more information you can read about

Articles to help you in your expat project in Qatar

Opening a bank account in Qatar
Qatar, renowned for its economic prosperity and cultural dynamism, has a well-developed banking sector that ...
Difference between Current & Savings account
Current Account:
Getting married in Qatar
Getting married in Qatar could be a hassle for newbies. However, knowing the right procedure and information ...
Dating in Qatar
Dating in Qatar is influenced by cultural and societal norms, as Qatar is a conservative Muslim country. Dating ...
Living as a woman in Qatar
Living as a woman in Qatar can be a rewarding experience. The country is a rapidly developing nation with a strong ...
Internet in Qatar
Qatar has a well-developed and reliable internet infrastructure, providing residents and visitors with access ...
Moving to Qatar with your family
Moving to Qatar with your family can be an exciting adventure. Here are some considerations and tips to make the ...
Working in Doha
Over the years, Qatar has fully developed its economy, which today attracts expatriates from around the world. ...