Doing Business in Qatar

20/08/20

Doing Business in Qatar can be challenging, but the World Banks Ease Of Doing Business report shows Qatar is steadily improving.

Entrepreneurship, Start Ups and Small and Medium Sized enterprises are encouraged to support the transition to a knowledge based economy. Technology, including sportstech and fintech is a hugely developing sector. Vast free zones with world beating facilities are available and 100% foreign ownership of businesses is common.

Price Waterhouse Coopers (PWC) has noted the countries favourable tax rates as well as how Qatar’s economic policies support local business development.

Ministry of Trade and Commerce (MOCI)

A recent cabinet meeting, hosted by HE The Prime Minister unveiled several initiatives by the Ministry of Trade and Commerce (MOCI).

To attract investment, new business development and business establishment initiatives have been launched. Other areas of improvement include, development and protection of intellectual property, consumer protection and combating commercial fraud. The regulation and control of markets is also being reviewed.

Additionally MOCI is seeking to develop further strategies to drive professional activities and business in the country. One of these strategies is tapping into regional and international networks. This will establish more competitive international trade and supply chains which will help further Qatars position.

Doing Business in Qatar Made Easier

Qatar is also working hard to develop incentives for local investors. The aim is to direct their attention to the massive opportunities and potential within the market and encourage investment.

Moreover, a huge area of importance and pride is to support the competitiveness and develop the export of national products. The ministry is seeking to increase the national focus on developing patents, with the aim of producing commercial goods. Another area of focus is breaking monopolies, consumer protection, promoting competition and monitoring the markets.

Additionally, the ministry is working on a general policy for industrialisation. This includes an industries area for small and medium sized enterprises, the availability of industrial land and improvement of the industrial business environment.

Other News

BSUQ News 132 - Thumb

Qatar attracts most FDI in ME and meets key partners

The Investment Promotion Agency Qatar (IPA) revealed that Qatar attracted 71% of all Middle East investment in the second quarter of this year.

The report provides ...

Read more
BSUQ News 131- Thumb

More interest in social entrepreneurship in Qatar

Qatar is seeing an increase in social entrepreneurs dedicated to developing solutions to community based problems.

At a recent event, representatives of key stakeholders in the community of Qatari businessmen...

Read more
BSUQ News 130 - Thumb

Mega-solar power plants in Qatar for sustainability

Qatar Energy Renewable Solutions recently awarded a gigantic solar energy power plant contract to South Korea’s Samsung C&T.

The QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction...

Read more
BSUQ News 129 - Thumb

Qatar to build the most sustainable food supply chain

In keeping with the United Nations Sustainable Development Goals 2030, Qatar has revealed its ambition to build a sustainable food supply chain. This project is also inspired by the government’s goal...

Read more
BSUQ News 128 - Thumb

Launch of labour re-employment platform in Qatar

Qatar Chamber(QC) has successfully launched its revised labour re-employment platform targeting the private sector.

The digital platform is administered in collaboration and cooperation with the [Ministry...

Read more
BSUQ News 127 - Thumb

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new...

Read more
BSUQ News 126 - Thumb

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022”...

Read more
BSUQ News 125 - Thumb

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary...

Read more

Page Break