Tuesday, October 9, 2012

Qatar - a good place to start a new business

By Earnestine Perine


Qatar - a great place to start a new business

With so much of the world stuck in an economic slump, you might be surprised to discover that there are still a few countries dotted around that are not only managing to pull through, but they're actually booming. The Middle East has been going through some rough financial times recently, but one nation has managed to exceed all expectations in recent years: Qatar. As a result, more and more companies are looking to do business in Qatar, and though you may think it'll be tricky to start up there, it's actually surprisingly straightforward.

Looking to the future - and beyond

Following their winning bid to hold the 2022 football World Cup tournament, Qatar is now getting ready to welcome more people than ever, by helping companies old and new to get started there. With the help of experts supplied by local government and independent companies, corporations from around the world are opening branches and offices there, all wanting to play a part of being a new business in Qatar. It's good to know that you won't be working alone, but what kinds of benefits can you expect to get if you're thinking about moving to the region?

Most people choose to move their companies there for lucrative financial reasons. There are few restrictions on bringing people in to staff your business and anyone you choose to employ will be subject to low taxes which makes moving there all the more appealing. Even better, your business will pay a much lower rate of tax when compared to that of other countries, often as low as 10% of your annual turnover - no wonder it's such an appealing prospect.

A quality place to work and live

Once your business is established you'll soon realise that the people you're working alongside are both knowledgeable and friendly. Building up a network of contacts is relatively simple in such a small country and you'll swiftly be able to build a quality reputation. Reputation is everything in Qatar, so working there with a high level of professionalism will always be warmly welcomed.

No matter what your potential plans may hold, setting up in Qatar offers you many different options. Help from local support offices will assist you in deciding what your best route is when it comes to starting a new branch, be it through financing the whole venture yourself or working with a Qatari based partner. Whether it's striking out on your own or going with someone who is more conversant in local culture, you and your business will thrive in Qatar.




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