The Entities in Qatar are required to prepare Accounts in accordance with International Financial Reporting Standards; however, a taxpayer may make an application to the QTD to use another accounting method.
YourGlobalPro professionals assist you with the entire bookkeeping and accounting services for your Qatar Business Setup as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
In Qatar, the businesses that are wholly or partially foreign (non-GCC) owned are required to submit audited financial statements signed by a locally registered auditor together with the tax declaration to the Qatar Tax Department (QTD). Therefore, Audit is mandatory.
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide you auditing services as required by your business.
The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. The major banks in Qatar are The Commercial Bank of Qatar, Ahli Bank Qatar,
International Bank of Qatar, Qatar Development Bank, Qatar Islamic Bank, Qatar National Bank, DOHA BANK, Al Khaliji BANK, QIIB and HSBC. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Qatar.