Starting a business in Qatar Free Zones

If you are planning to proceed ahead with business setup in Qatar, then you must know about the free zones in Qatar. This guide provides an outline regarding the Qatar Free Zones. However, let’s start with the business scenario in Qatar.

The dedicated free zones established by the Government of Qatar involves:

1. Qatar Financial Centre

Located in Doha, the Qatar Financial Centre stands as a financial and business centre that was established in the year 2005, intending to strengthen the financial scenario. The zone is built to enhance the financial segment, and to provide business opportunities to the business entities involved in the same. Over the years, the QFC has played a significant role in attracting foreign investments.

How to Start a Business with Qatar Financial Centre (QFC)?

The process of starting a business in the QFC involves the following steps:

• Registration of company formation
• Submission of the essential set of documents
• Obtain the respective permission from Qatar Regulatory Authority
• Obtain approvals from Companies Registration Office (CRO), in case of non-regulated activities

To get better clarity, here’s a guide on the Qatar Financial Centre Free Zone that will help you to understand the process in-depth.

2. Qatar Science and Technology Park

Dedicated to up-lift the technology industry, the QSTP was launched in the year 2009. Over the years, the location has turned up to a favourable business as it attracts global business investors, and has contributed the maximum to enhance the foreign investments.

How to Start a Business in Qatar Science and Technology Park (QTSP)?

The process of starting a business in Qatar Science Technology Park (QTSP) involves the following steps:

• Complete research and market analysis
• Draft a business plan
• Registration of the company registration
• Be handy with the company documents
• Obtain the respective approvals from the Government Authorities

To get better clarity, here’s a guide on Qatar Science and Technology Park (QSTP) Free Zone that will help you to understand the process in-depth.

Benefits of Starting a Business in Qatar Free Zones

Well, as you have got an idea regarding the existing free zones in Qatar, it will turn out to be beneficial if you are well-versed with the benefits of establishing a free zone company in Qatar.

1. A Booming Business Destination

Like the other Middle Eastern business destinations the United Arab Emirates and Bahrain, Qatar also plays an essential role when it comes to grabbing the attention of foreign investors. With the tremendous growth of the business entities getting established, Qataris expected to hold a spiking GDP in the coming years.

2. Location Flexibility

The business investors hold the complete leverage to choose the business destinations from Mainland and Free Zone, based on the available investment and the number of shareholders.

3. Strategic Location

Placed strategically in Western Asia, Qatar is an international gateway for the business owners and investors who are looking forward to expanding their business to the proximity of Bahrain, UAE, Saudi Arabia etc.

4. Strong Authority

The Qatari government has taken the necessary steps to build a strong economy by focusing on the non-oil segment as well as by improving the oil-segment as it stands as the backbone of the nation. Apart from that, the Qatar Government has taken necessary steps to transform the platform as the safest business jurisdiction, and pave out business opportunities to the business owners/ investors and one such initiative is Qatar National Vision 2030.