Qatar is one of the richest countries in the world and offers numerous prospects to aspiring businessmen to establish a new business. It is home to the second-largest per capita income in the world and has a very robust economy, which is why it is now gaining a reputation as a great hub for company setup. It is the world's top exporter of liquefied natural gas, one of the largest oil-producing countries, and an increasingly and constantly developing financial services and tourism hub, all of which have contributed to its economic success. The Qatari government has focused on diversifying away from oil and gas, targeted large infrastructure projects, and supported SMEs in the private sector. Thus, foreign-owned businesses are booming as the economy of the country is flourishing and becoming modern.
Qatar's most liberal foreign investment policies combined with one of the world's freest economies make this country an ideal destination for business setup. The country has world-class infrastructure, the economy is stable, and the emerging economy diversifies at such a fast rate. Specific benefits include high net individual wealth, effective government support, relatively low tariff rates, and greater social development. Foreign businesses might not fall under the influence of ownership restrictions by opting for any one of the strategic sectors that have been enlisted as a part of agriculture, industrial, tourism, technology, and health sectors.
Qatar comes with an array of business for an investor, including LLC, Joint Stock Companies, and Joint Ventures. The foreign investors prefer LLC, especially since 100% foreign ownership is allowed in a few sectors. The government has earnestly made progression steps for the projects that align with its development plan. Main emphasis is given on the projects that involve local resources, new technology, and global competitiveness. Qatar remains one of the bright places where an enterprising businessman may find his secure, modern, and fast-growing market.
Company Formation in Qatar