Qatar is one of the world's richest countries that gives investors much room to open a business. The country boasts the second-highest per capita income, has a strong economy, and has offered a promising destination for the formation of companies. The reason why Qatar is at the helm of ranking in the exportation of liquefied natural gas; it is also one of the major oil-producers, as well as a fast-growing hub for financial services and tourism, which has propelled the economic boom. The Qatari government in the last decade has, therefore, been focusing on diversification away from oil and gas, investing heavily into large-scale infrastructure projects and supporting SMEs in the private sector. Foreign owned businesses therefore are thriving by the increase of the economy in this very modern country.
Qatar has also been cited to have the most relaxed foreign investment rules and one of the world's freest economies. The country boasts infrastructural excellence, a stable economy, and a diversified, fast-growing economy. Other strengths include high personal income, a supportive government, low customs tariffs, and increased social development-all of which can make for an attractive proposal to potential investors. Of note, foreign enterprises are exempt from ownership restrictions if they fall under one of the strategic economic sectors of the country, including agriculture, industry, tourism, technology, and healthcare.
Qatar has a range of business forms that can be used by investors, like LLC and Joint Stock Companies, as well as Joint Ventures. Most foreign investors tend to favor LLCs because full foreign ownership is permitted for some sectors. The government will respect the development plan ensuring that priority is given to projects which take advantage of local resources, which newly introduce new technologies or enhance international competitiveness. Qatar continues to be one of the brightest places to set up a business for the entrepreneur interested in investing in an emotionally and economically secure, modern, and rapidly growing market.
Company Formation in Qatar