Are you considering starting a business in Qatar? If you haven’t already, you should. There are plenty of profitable business ideas and investment opportunities in Qatar at the moment.
Because of its rapidly expanding economy and contemporary culture, Qatar is currently one of the best places in the Middle East to start a business. The government actively encourages foreign investment and promotes the expansion of multinational enterprises’ branch offices in the country.
Qatar has shown steady progress over the last decade and will welcome the 2022 FIFA World Cup later this year. The FIFA World Cup is an excellent opportunity for potential new investors and entrepreneurs to set up operations and cater to football lovers descending on the country.
If you are an investor or entrepreneur contemplating starting a business in Qatar but are unsure which one, this post can help you. Here, we will cover the following topics:
- • Why start a business in Qatar?
- • Top five businesses to start in Qatar
- • Working with Creative Zone
Why start a business in Qatar?
Qatar, home to over 85 nationalities, routinely ranks among the world’s top economies in competitiveness and creativity. With a dynamic economy, the nation provides several prospects for your business to grow.
In Qatar, the GDP per person is $102,800, making it the wealthiest country in the world. This wealth is because Qatar has a lot of natural gas deposits and a robust infrastructure for exporting it. As a result of these riches, the government exempts investors from paying taxes on income, royalties, and capital gains.
There are various options available to international companies and investors looking to establish a presence in Qatar. Numerous free zones exist, including the Qatar Free Zone, the Qatar Science and Technology Park (QSTP), Qatar Media City, and Qatar Financial Center, that provide many advantages to investors, including:
• Zero percent corporate and personal income taxes
• Foreign ownership at 100% with complete capital repatriation
• Options for creating a branch or an LLC
• Duty-free imports
• Visas for residency
Top five businesses to start in Qatar
Qatar is a fantastic place for doing business. The rewards are high if you choose the right type of business to open. To help you, here are the top five best business ideas to start in Qatar.
People from all around the globe constantly seek employment opportunities in Qatar. Many get employment due to family or friends who have already established themselves in the country. However, most fail due to a lack of network connections or awareness of job openings. There is an increasing need for recruitment agencies and their services to help the hiring managers to find and recruit the best employees that match the company’s needs and requirements.
Car wash company
Another simple to set up yet highly rewarding business idea in Qatar is a car wash. Qatar is a tiny nation, yet it has a high number of automobiles compared to other countries. Nearly everyone in Qatar has at least one vehicle, but not everyone has the time, mainly owing to their hectic lifestyles, to do a self-car wash. While offering car wash services at a fixed site is not a terrible choice, on-demand services have revitalized the Qatari car wash sector in recent years.
As a result, starting a mobile car wash company in Qatar is quite profitable. Operating a mobile car wash company is an excellent method to earn money without putting much cash at risk. Additionally, the company removes the need for a retail site. It is simple to get started without prior experience, and it is recession-proof.
Café or restaurant
A significant portion of the workforce in Qatar consists of expatriates. And like all expatriates, they often miss their country’s cuisine. Additionally, most residents in Qatar often dine out because of the hectic pace of daily life, making it challenging to find the time to prepare meals at home. While it is a capital-intensive business, consider opening a cafe or restaurant as it is a very profitable business to run.
Real estate agency
Qatar’s resident population is rapidly growing. Due to this, there is a lack of available housing in the capital, Doha. This scarcity has seen the annual rent for the apartment and villa markets in the city increase between five to ten per cent each year.
The government has taken steps to help control rental increases. There has been a rise in the number of new homes coming on the market to meet this demand. As other projects are near completion and become available during the year, this couldn’t be a better time for you to get into the real estate industry.
Car rental business
Most international and local visitors prefer to rent a car rather than use public transportation to get around the city. Considering the potential tourism boom before, during, and after the World Cup, it is a good idea to open a car rental company to assist foreign and local travelers alike in exploring numerous tourist attractions effortlessly.
Working with Creative Zone
While starting a business in Qatar appears lucrative, setting it up requires qualified and expert professionals to handle all government-related work. With the assistance of a business formation specialist like Creative Zone, starting your business can be quick, simple, and economical.
Creative Zone is UAE’s oldest and most trusted business setup expert, having assisted over 44,000 entrepreneurs in successfully establishing their businesses since our inception in 2010.
We specialize in delivering solutions that best fit your needs when starting a business by providing quick, dependable, hassle-free, and experienced assistance.
In addition to the UAE, we also help assist in business setup in Qatar. We also provide a wide range of services, including tax preparation, legal advice, and human resources management.
The benefits don’t end there. When you become a client of Creative Zone, through our networking tool, CZ Connect, every client gets access to a thriving community of fellow entrepreneurs. This allows you to interact, network, and develop significant relationships with the region’s larger business community.
Take advantage of our free consultations today and get unbiased advice on UAE business formation, with the sole goal of finding the best possible fit for your needs.