What is Company Classification?
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The Ministry of Finance called on all companies, including small and medium enterprises, to register quickly in order to classify them and open the way for them to enter the governmental tenders. The new law aims to raise the efficiency of tenders and auctions in all government agencies by organizing government contracts and put them within the appropriate legal framework, through the development and application of modern management methods.
This brings a level of transparency to business competition putting them within the appropriate legal framework. All the information about the company, must be submitted online. For foreign entities, the commercial registration certificate or articles of association must be attested by the Qatari embassy of the applicant’s home jurisdiction.
It is always best to approach a consultancy in Qatar who is an expert in Company Classification, so as not to miss anything.
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