Starting a Business in Qatar
Qatar is a very prosperous nation – in fact, it has the second highest GDP per capita in the whole world. Since winning its bid to host the World Cup in 2022, the Qatari government has been positively encouraging of expat workers and new businesses starting up in the country.
To prepare for the World Cup, Qatar needs to improve the country’s infrastructure and available facilities. The problem is that Qatar has a very small indigenous population, so extra workers and foreign businesses are necessary to help them make the essential changes that are needed.
Despite the negativity that can sometimes surround the Middle East, Qatar is a very stable country; it is highly prosperous and there are many opportunities for entrepreneurs and business-minded people. When starting a business, regardless of where in the world it is you need to make sure that you have an understanding of the culture and the different systems in place, to ensure that you cover all the bases and are prepared for success!
Help and Advice for your Qatar Business Start Up
If you have decided to take advantage of the wealth of opportunities available in Qatar, then it’s well worth seeking professional advice to help you set up and start off on the right foot. A quick search online should help you to identify and source companies who help business start-ups in Qatar. These professionals will help you to understand the legal processes of starting a business there and will guide you through the various stages required.
Every country has different procedures and rules for starting a company, so you need to make sure that you adhere to them from the outset to give your new business in Qatar the best possible start.
A business start-up company can help you to secure a business sponsor, if necessary, and will also help with things such as opening a business banking account in Qatar. They will also be able to give you advice on the cultural differences between your home country and Qatar, to help you to fit in and make a smooth transition.
Advantages of Starting a Business in Qatar
Starting a business in Qatar can have many advantages for you. You will benefit from tax free exports, an absence of VAT and a corporate tax level of only 10% for foreign businesses. Additionally, custom duty starts at just 5% and you will also have the opportunity to repatriate your profits and any capital overseas if you wish.
When you consider all of these points and also add into the equation the quality of lifestyle, the standard of hospitals and schools and the wonderful hot weather, you can see why more and more people are taking the chance to move to Qatar to start a lucrative new business there.