Qatar: Types of Company
Public Shareholding Company
This page was last updated on 23 September 2020.
The public shareholding company or PSC, also known as a joint stock company or a Qatari shareholding company, is established in accordance with Qatari commercial company law and by virtue of ministerial decree. In general, only Qataris may be shareholders; the three exceptions to this are:
- A national of another Arab country that has a relevant reciprocal agreement with Qatar
- Where foreign investment or experience is required, so long as the necessary licence has been granted by the Ministry of Economy and Commerce
- Where the company has been incorporated under a special decree that allows for foreign shareholding.
A minimum of five shareholders is required. Shareholders are not liable for the company’s obligations, except to the extent of the total nominal value of their respective shareholding.
A PSC may be open (i.e. public) or closed (i.e. private). The minimum capital requirement for an open PSC is QR10 million, with a nominal value for each share of QR10; for a closed PSC, this is reduced to QR2 million.