Doha, Qatar: The automatic renewal service for establishment registration through the Single Window platform aims to facilitate the business environment for companies and entrepreneurs in Qatar and attracts local and foreign investors, said an official.
Speaking to Qatar TV, Mohamad Hamad Al Nuaimi, Director of the Single Window Department at the Ministry of Commerce and Industry (MoCI), shed light on the recently launched service by MoCI in cooperation with the Ministry of Interior for automatic renewal of establishment registration through the Single Window platform and highlighted how this service can support the business sector in Qatar. The service allows companies to obtain the updated establishment registration upon renewing the company’s license and commercial registration. This initiative is part of efforts to develop services provided to entrepreneurs and companies, thereby accelerating their completion and contributing to promoting the investment and trade climate in the country.
Explaining the mechanism for automatic renewal service for the establishment registration, the official said, “First, the investor logs in to the Single Window website, finds the Comprehensive Renewal service which renews both the commercial register and the commercial license. Upon approval, the establishment registration is automatically renewed and available through the Metrash application.”
Previously, the investor had to visit the relevant authorities responsible for commercial licenses to complete the process which took time and effort. “Now, it’s all integrated into the Single Window platform website, making it easier and better for the investor to obtain this service,” Al Nuaimi added.
Established in 2019, the Single Window System is a one-stop-shop for entrepreneurs setting up their businesses in Qatar. The platform assists investors in their application process, from planning, to registration, and licensing through a smart electronic interface. The national initiative aims to enhance operational efficiency in service delivery in order to save time and costs for investors as Qatar moves towards economic diversification and seeks to become a global investment hub.
Speaking about features of the one-stop-shop service, particularly the automatic renewal service for the establishment registration, the official said, the Single Window website at MoCI currently consolidates most of the procedures an investor needs to provide a single service, gathering all required procedures for the investor to complete their commercial work in the country from the start of the establishment to the closure of companies.
Currently, you can establish your company while sitting at home, and renew your commercial registration and license. The service for renewing the establishment registration is available in the one-stop shop, allowing you to do it from home without visiting any authority, Al Nuaimi reiterated.
In the future, some services will be available by integration with government entities to obtain approvals and required documents to complete the commercial registration.
Regarding future plans for adding new services to facilitate other procedures for investors, both citizens and residents, he said, the one-stop shop will launch several services.
Commenting on the impact of the recent ministerial decision to reduce fees for the services provided by the Ministry to the commerce, industry and business development, and consumer protection sectors on the business environment and economic growth in Qatar.
Al Nuaimi said this decision supports the third National Development Strategy by reducing fees for investors, creating a favourable economic environment in the country, and facilitating the investment process.
This decision had a significant impact on the market, encouraging investors to establish companies in Qatar, which was implemented last Thursday.
There has been an increase in the demand for services provided by the Ministry, supporting investors in starting their commercial ideas and supporting the national economic strategy, he added.
Source: The Peninsula