Qatar is one of the wealthiest countries in the world with the world highest GDP per capita. All most every citizen of Qatar enjoys a high standard of leaving. Qatar main source of income comes from exporting its petroleum and natural gas. Qatar is counted as the fastest growing developing countries in the Middle East and one of the best places for doing business.
Qatar openness to global trade increases its chances of becoming a leading financial and business centers worldwide. So, who does not want to invest in Qatar? But the question is, where to invest? Should you invest in an already established business? Or do you need to start a new venture?
However, there are lots of business opportunities in Qatar. But it’s essential to start a business that suits you. This article is going to discuss some of the most successful business opportunities that are doing well in Qatar.
In the past few years, the restaurant business in Qatar has tremendous growth, especially in its capital. There are lots of foreigners who visit Qatar regularly for business purpose. Most of the foreigners love to eat in a restaurant instead of cooking at home. Targeting those foreigners, starting a restaurant business could be profitable. However, here are some tips that can make your restaurant business successful.
- The location of the restaurant should be at a place where most of the foreigners stay or visit.
- The interior of the restaurant must be attractive, to attract most of the customer.
- All the workers of the restaurant must be well fit and hygienic.
- Must main the food quality (it must be fresh, tasty and well decorated).
Investing in IT Related Service
Well, research updates and results have some solid good news for IT related investors. If you have necessary knowledge anything about information technology, trust me or not Qatar is one of the best places to invest in this sector. Awareness and importance of IT-related products and services are recently growing up at a higher rate among individuals and business firms all over Qatar.
However, there is still a lack of IT professionals available in the country. Therefore, establishing/investing in an IT related business could be profitable, as there is a massive demand for IT service. Here are some essential tips to make IT business successful.
- Do market research, know who is your competitor, what service they are providing.
- Hire employee who has necessary skills according to your requirements.
- Promote your service.
Qataris are in love with the high quality and latest tech products, i.e. smartphones, tablets, laptops, PCs, etc. But sadly only a few businesses sell such technology related products to meet the high demand all over Qatar. So, the investor who are related to business like selling the latest high-tech products is making a good amount of profit out of this business. Therefore, investing in this sector is a wise decision. Some tips to boosts your product selling–
- Social media marketing: using social media is one of the best ways to boosts your product selling.
- Sell through e-commerce: Many people love to buy things from e-commerce rather than buying stuff from physical shop. Targeting those customers, you can also build an e-commerce website and start selling your business products.
Demand for professionals like- engineers, lawyers, accountants, construction experts, healthcare agents, have high demand in Qatar. Hence, to my brothers and sisters who have qualified themselves as a professional expert can easily start of their own business in Qatar that offers services to individuals, firms and corporate sectors.
Processed foods, freezers and quick snacks sell damn well in Qatar. You will be astonished to hear this that the Foods and Snacks business is one the best and profitable business opportunities in Qatar of year 2018, probably because of the busy work schedule lives of individuals hardly find them time to do some cooking. Hence starting a business related to processes foods and snacks or importing canned foods, yoghurt, etc. can be an excellent choice for the investors and business owners.
Qatar is currently a top-ranked economic country in the world with the lowest corporate tax rate (corporate tax rate of 10%). Besides the above-mentioned business, many other businesses also have great opportunities in Qatar. You can also try to set up a big construction company in Qatar.
Because of Qatar economy and taxation system, doing business in Qatar is more profitable than many other countries. If you finally decide to set up a business in Qatar contact S & F Consulting Firm. S & F will help you complete all the documented procedures to set up your business and incorporate it legally in Qatar.
Frequently Asked Question
According to the company law No-11, legal entities in Qatar includes- joint partnership company, public joint company, Limited Liability, and public or private joint company.
You need to pay a licensing fee of QR 30,000 (extra fee) to establish a Qatari company with foreign capital.
The name of the company should not be misleading or violating, and it should not exist in the commercial register.