COMPANY CLASSIFICATION

COMPANY CLASSIFICATION

Qatar follows the International Classification of Goods and Services Act, which makes it essential for you to register any product imported into the country to enable you to market, distribute and sell it in the country. Once the product is registered, you will receive a ‘Classification Certificate’ from Qatar Ministry of Finance by the Procurement Regulatory Department ( GPRD)

The Company Classification Certificate Qatar is referred to the growth of the economy and an increase in the complexity of various business operation have augmented the scope to classify the companies under various titles. This article is reflecting upon the existing and proposed companies under various legislation and tries to identify the various kinds of companies that are in existence and it has also included those companies which have been proposed under the Companies Bill. It further discuss about the scope and regulatory framework of such companies. This article vividly describes all the possible modes of classifying companies. The main purpose of the classification of companies is to maintain the homogeneity and apparently regulate those companies with similar legal frameworks.

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