The Business Environment in QATAR

Qatar is the wealthiest country in the world in per capita terms with substantial oil and gas reserves, an excellent infrastructure system and free market economic policies. As a member of the World Trade Organization (WTO) and other international financial bodies, Qatar offers investors a mature and sophisticated banking environment. Qatar’s economy has been growing by around 10% per year in recent years. The Foreign Investment Law No.13 of 2000 has also played an important role in stimulating economic growth. The law permitted up to 100% foreign ownership for the first time in the sectors of agriculture, manufacturing, health, education, and tourism. It also offered investors a number of substantial incentives, including the freedom to repatriate all profits to the investor’s country of origin.
On the 1st of Feb 2010, Law Number 1 of 2010 was issued amending some key provisions of Law No 13 of 2000 regulating the investment of non-Qatari capital in key economic sectors. Law 1 of 2010 allows foreign investors to have up to 100 percent ownership in businesses such as consultancy services, information technology (IT), services related to sports, culture and entertainment as well as distribution services. Qatar offers the business sector all the advantages of a highly developed economy, the infrastructure and services match the highest international standards, facilitating efficiency, quality and

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