Qatar National Vision 2030 is a development strategy that was introduced in 2008 to boost the nation's economic diversification and numerous adjustments to the laws and regulations governing foreign investment. Foreign investors are drawn to Qatar mainly due to the country's robust economy, first-rate infrastructure, and one of the lowest corporate tax rates. If you are planning to open a business in Qatar, then this is a must-read.
Who can start a business in Qatar?
You can only start a business in Qatar as a foreign investor if you have a minimum share capital of USD 55,000 and at least one local Qatari partner. The most typical corporate structure is a private LLC company where a foreign investor can control up to 49% of the company's shares. The remaining 51% is held by a Qatari partner who is a professional passive shareholder. Though it is restricted, the Ministry of Business and Trade may on certain occasions allow 100% percent foreign ownership in certain niche industries, such as agriculture, health, education, tourism, IT, and entertainment.
