| Qatar Company Formation |
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Gas-rich Qatar boasts a high per capita income and is well-placed to withstand the negative effects of a global economic downturn. Although Qatar is increasingly becoming an attractive proposition for entrepreneurs, Qatar company formation is challenging because of i) high government fees ii) inconsistent and complex Qatar company Law and iii) inefficient bureaucracy. The following is an overview of Qatar and its economy, and the related impacts on Qatar company formation. | ||||||||||
| 1. | Qatar company formation is aided by Qatar being a reputable trading jurisdiction whose economy grew by 11.8% in 2008, according to an estimate by the Economist Intelligence Unit (EIU). Qatar is negatively ranked as the 22nd least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. The World Economic Forum ranks Qatar 22nd in their Global Competitiveness Report 2009-2010.
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| 2. | There is no restriction on repatriation of capital, profits or dividends with Qatar company formation. | |||||||||
| 3. | Qatar has a strategic location in the heart of the Gulf, providing excellent access to the Gulf Cooperation Council (GCC) states. Investors planning Qatar company formation have good access to low cost skilled and unskilled labour. | |||||||||
| 4. | The first QR100,000 (US$27,500) of corporate profits earned in Qatar are tax exempt. Foreign investors planning Qatar company formation can take advantage of other incentives such as tax breaks of up to 10 years for projects which meet certain criteria, customs duty exemptions and low-cost energy. Qatar company formation attracts a top corporate income tax on profits sourced in Qatar of 35%. Foreign investors who set up a company in Qatar can avail of other incentives such as tax breaks of up to 10 years for projects which meet certain criteria, customs duty exemptions and low-cost energy. | |||||||||
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Investors planning Qatar company formation can secure loans from local banks, including the Qatar Industrial Development Bank.
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| 6. | For more detailed information on the economic background to Qatar company formation, purchase our Asia Business Setup book, contact email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. | |||||||||
| Other Information | ||||||||||
Refer to the following links to read more about Qatar company formation: | ||||||||||
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