This all-encompassing guide presents important facts for investors interested in starting or furthering business in Qatar using the company Al akhbar. Some of these are the economical outlook some policies and or regulations, some of the incentives like tax among others and the potential growths profile.
Economic Outlook
Qatar is now one of the fast-growing and most liberal states in the Middle East. This country has a stable exchange rate tied to the US dollar and credible credit rating from the international rating agencies. The nation’s main economic activities in the recent past have been in the finance and banking, tourism, construction and real estate specifically because of the preparation for the FIFA world cup to be held in 2022. Currently there are more than 50 free zone and 100% foreign ownership and tax exemptions is allowed in free zones.
Regulations and Policies
Policies to attract foreign investment has been time and again adjusted in Qatar. A company can be incorporated in 2-5 days through Ministry of Commerce and 100% FDI is permitted, Excluding in Banking and Insurance sectors a Qatari national must hold at least 51% share. It has to abide by the rules in relation to Qatari labor and the environment by ministries in the country.
Tax Incentives
Qatar is one of the countries in the world with low taxes. Taxes on personal income and capital gains are not imposed in any way. It is officially set at 10 percent but the reality is that many incentives are offered particularly for export, high tech or green businesses that invest in Qatar or operate from a QFC or free zone. About Custom duties These are within the range of 0%- 5% on most goods. As for now, there is no VAT however implementation of 5% may be done under the guidelines of GCC.
Growth Opportunities
While the 2022 FIFA World Cup, QNV 2030 – the national development plan, along with the expansion of the Hamad Port and the Hamad International Airport – are opening doors through them. The country has this vision in an effort to reduce import dependency with regard to food processing, manufacturing and other manufacturing-related industries. There are good prospects in the Islam finance, informational technologies, tourism and transportation markets. This is particularly beneficial to new entrants in a region who have a relatively short experience regarding these growth areas as Al akhbar positioned them well to start profiting from these areas.
Establishing a Local Presence
Any foreign organizations interested in investing in Qatar must consider making local allies who can guide organizations through the business environment. Since al akhbar is a Qatari based company, it understands well the business regulatory environment, business culture and the market to guide the business players in establishing and growing their companies in the country.
At the same time, sound economic fundamentals, pro-business policies, attractive incentives, and rising opportunities make Qatar a near-ideal environment for doing entrepreneurial business and tapping new growth. Stakeholders that follow the advice and align themselves with an established local player like Al akhbar will be optimistic to succeed in Qatar through this network, exposure, experience and information. This guide will address common analytical factors that should be considered when deciding on investing in the attractive Qatari market.