The State of (QATAR) is a federation Doha, In the Gulf Cooperation Council (GCC), the economy of the QATAR is the most diversified. A country that was once reliant on the export of its abundant oil reserves to run its economy now draws merely a minority of its GDP from the same, having taken to business and tourism for its economic progress. So much so, that the QATAR is one of the biggest business hubs in the world, with its most populous city Doha acting as a premier global city and a preferred destination for entrepreneurs, investors and tourists alike. All this has been possible as a result of the market-friendly economic policies of the QATAR government over the last 3 decades, fostering foreign investment, sustainable development, innovation, and research.
Why Set Up Your Business in QATAR?
QATAR is a developed economy that offers a favorable business environment, world-class infrastructure, nifty amenities, flexible government norms, and efficient quality services to all incoming businesses, irrespective of their country of origin. Business setup in QATAR is a futuristic and insightful business decision for the following reasons:
The QATAR is a growing and diversified market with high global demand for imports and exports, and vast opportunities for suppliersThe country bears a strategic geographic location in a resource-rich regionThe QATAR has easy access and global connectivity with over 90 airlines and 170 shipping linesAbove all, the commerce in the QATAR is based on free trade barriers (no quotas or exchange controls)The country levies no tax on personal, capital or corporate income, and allows 100% repatriation of capital and profitsThe real estate and freight charges are competitiveThere are no currency restrictions on the exchange of moneyThe energy supply is abundant and low-pricedThe populace in the country is educated and skilled, so the place is favorable from the standpoint of hiring workforce – not that there are any restrictions on hiring foreign nationalsThe transportation system throughout the QATAR is well developedThe infrastructural advancement in the QATAR is no secret – its plush real estate, state-of-the-art telecommunication systems, and dependable power supply & other utilities are a fertile breeding ground for business entitiesThere is top-notch accommodation for residential and office purposes, with cutting-edge venues for exhibitions and conferencesThe financial and services sector in the QATAR is remarkably developed, especially suited to complement the business milieu in the regionThe nation has a cosmopolitan lifestyle with first-rate educational institutions, medical facilities, hotels, and shopping complexes
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