Qatar is one of the wealthiest countries in the world and provides many investment opportunities in business. Having the second-largest per capita income and a relatively sound economy, the country has turned into a hotspot for company formation. Successes have been bettered due to its position as the global leading exporter of liquefied natural gas, having large oil reserves, and positioning itself as one of the primary hotspots for financial services and tourism over the last few years. Over the past few decades, the government of Qatar has invested heavily in diversifying away from oil and gas and invested much in large infrastructure projects and developing small and medium enterprises (SMEs) in the private sector. So, foreign-owned businesses seem to thrive further with the country's economy expansion and modernization.
One of the world's freest economies as well as relaxed foreign investment rules, Qatar is one of the great destinations in business setup. The country boasts world-class infrastructure, along with economic stability, and an emerging and diversified economy. Some of the benefits that ensure the country is a very attractive destination for investors includes high personal wealth, strong government support, lower tariff rates, and increased social development. Of course, foreign enterprises are exempt from this no ownership restriction if they fall within those key economic sectors-the agricultural sector, the industrial sector, the tourism sector, technological sector, or the health sector.
Qatar's offer presents a range of business forms: LLC, Joint Stock Companies, and Joint Ventures. The most preferred by foreign investors is LLC. Plus, 100% foreign ownership is possible in some industries. The government guarantees that it will be pursuing its development plan, meaning that priority will be given to projects utilizing local resources, new technologies, and stimuli for global competitiveness. For all the entrepreneurs looking for a secure, modern, and rapidly growing market, Qatar still remains one of the brightest places to set up a business.
Company Formation in Qatar