Starting a Business in Qatar
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Why Start a Business in Qatar?
The announcement in 2011 that Qatar is to host the 2022 FIFA World cup confirms what everyone has known for the last few years. Qatar is quickly becoming a significant regional hub and a land wash with opportunities for businesses wanting to expand a business to Qatar.
With huge growth over the last two decades Qatar is poised for even further growth – and combined with a welcoming attitude to new business ventures in Qatar, the timing is just good on every level.
Doha, the capital city of Qatar, is already firmly on the map for global conferences and events, and a brand new airport with a capacity to carry over 50 million passengers a year, the opportunities to invest in Qatar seem tempting.
Qatar is ambitious about business and aims to provide sustainable businesses the opportunity to succeed.
The Qatari government is well aware that the wealth generated by oil revenue is not everlasting and they are looking to diversify business interests in Qatar.
They are offering incentives to companies looking to invest in Qatar, and compared to many other countries in the Middle East, the formalities of setting up a company in Qatar are relatively few.
However there are a few things that you need to consider before deciding how to set up a company in Qatar.
Firstly you will need a Qatari partner.
To start a business in Qatar, you will also need an office from which your company should be run, and a license for a Qatari company.
Make sure you have a clear contract with your Qatari partner, remembering that Qatar is a Muslim country and Sharia law will prevail in Qatari courts.
Organisations that can assist with Starting a Business
PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.
Finding office space abroad poses one of the most difficult changes that many start-ups face. Location, costs, and transport all need to be considered. And, more crucially of all, what office will allow a new business to attract and retain the best staff?
Simplified Global Payroll Companies with global employees often find that managing payroll in multiple countries is complicated - different systems, laws, and languages in each country, lack of reporting, and constantly changing laws and regulations each year. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, aggregated reporting, and a hybrid service model in 135+ countries around the world.