Indian IT Services Company Forms Partnership WLL with Qatari Sponsor
Partnership WLL (51%-49%) Formation for Technology Services
Services Provided
The Challenge
A mid-sized Indian IT services company wanted to establish a presence in Qatar to service existing government technology contracts being executed through a local partner. The company needed a 51%-49% partnership WLL structure with a trusted Qatari sponsor who would hold the majority shares as required by law, while ensuring the foreign investor retained operational control through a well-drafted shareholder agreement.
Our Solution
Identified and vetted a suitable Qatari sponsor through our partner network, ensuring alignment of business interests and reputation.
Drafted a comprehensive shareholder agreement that, while respecting the 51%-49% ownership structure, provided the foreign investor with management control through provisions covering decision-making authority, profit distribution, board composition, and exit mechanisms.
Incorporated the WLL with MOCI, securing a Commercial Registration with IT consulting and software development activity codes.
Set up the company's IT infrastructure, including a registered office with secure data handling facilities compliant with Qatar's National Cyber Security Agency guidelines.
Processed work visas for an initial team of 20 IT professionals, including software developers, project managers, and system administrators.
The Results
- Partnership WLL incorporated within 5 weeks with all management control provisions in place.
- All 20 initial work visas approved within 4 weeks of CR issuance.
- Client successfully onboarded to the existing government technology contract within the first month.
- Company grew to 85 employees within the first 18 months of operations.
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