Qatar is one of the most progressive countries in the Middle East, with a strong economy and plenty of opportunities for expats. The Qatari government realise that with such a low indigenous population, workers and businesses from overseas are essential to maintain the country's growth - and with the 2022 World Cup being held there, there has probably never been a better time for starting a business in Qatar. If you're thinking of taking the plunge and starting a business in Qatar, there are several things that you need to know in order to make sure that you meet company formation regulations. When you set up any business, you need to start as you mean to go on, by following protocol and doing things right in the first instance. Despite the negativity that can sometimes surround the Middle East, Qatar is a very stable country; it is highly prosperous and there are many Business opportunities in Qatar
for entrepreneurs and business-minded people. When starting a business, regardless of where in the world it is you need to make sure that you have an understanding of the culture and the different systems in place, to ensure that you cover all the bases and are prepared for success! Starting a business in Qatar can have many advantages for you. You will benefit from tax free exports, an absence of VAT and a corporate tax level of only 10% for foreign businesses. Additionally, custom duty starts at just 5% and you will also have the opportunity to repatriate your profits and any capital overseas if you wish. When you consider all of these points and also add into the equation the quality of lifestyle, the standard of hospitals and schools and the wonderful hot weather, you can see why more and more people are taking the chance to move to Qatar to start a lucrative new business there.