Listing newly formed IT company with Banks

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srk-expat Member

Member since 17 November 2023

srk-expatMember17 November 2023 02:35:14

Hi Everyone

i recently opened an IT services company and as a start have 5 employees.

I was told to get benefits from bank , The company must be listed with Banks .

what do Banks consider when listing a company ?

how long the company has to be older ?

how many minimum employees?

etc.

please advise

Wilson Qatar and Asia-India Expert/SEO

Member since 06 February 2018

WilsonQatar and Asia-India Expert/SEO19 November 2023 02:06:53

683

The Minister of Labour and Social Affairs recently issued a Decision setting out both the controls and procedures required to apply the new rule which it refers to as the Wages Protection System (WPS). Without WPS Employers will be liable to a penalty.

For more information you can read about Qatar Salary rules

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