Qatar is a beautiful country that occupies a peninsula residing in the Arabian Gulf. It is a sovereign and independent state and is one of the largest producers of oil and gas in the world. The state is an Islamic state and follows the laws and customs of Islamic Tradition.With population of approximately 2.5 million, and an area of about 11,521 square Kilometres, Qatar emerges as one of the highest incomes per capita in the world with oil and gas accounting to more than half of the Gross Domestic Product (GDP).Tremendous respect for HH SHEIKH TAMIM BIN HAMAD BIN KHALIFA AL-THANI who has been governing the country since 2013 and hosting various world level participations for the benefit of the country and people. Also, constructing exceptional stadiums with state of art technologies and other facilities extraordinarily designed for welcoming the world in FIFA WORLD CUP 2022 in Qatar.As Qatar is preparing for FIFA World Cup 2022, there is also another feature that people of Qatar are getting organized for – Qatar National Vision 2030 (QNV2030), which focuses on becoming an advanced society capable of sustainable development at a very large scale. This development is based on 4 Pillars:
Qatar provide huge opportunities to the investors to make a profitable investment either by Joint Venture or investing in Qatar Free Zone Authority.Here is a glimpse of both the scenarios:
The proportion under a joint venture carries 51% of Qatari’s share and 49% of Non-Qatari’s share. In cases of investment in Agriculture, Industry, Health, Education, Tourism, Development, Exploitation of Natural Resources, Energy, Mining and Business Consultancy, Technology, Cultural Sports, Entertainment and Distribution services, the proportion can by upto 100%.Under Joint Venture, the Non-Qatari Investor might have the following benefits:Exemption from Income Tax for upto 10 yearsExemption from customs on importing necessary machinery and equipment Renewable rent for upto 50 years on allotted landExemption from Imports of raw materials or half manufactured goods necessary for productionCan do private money transfers required for investments into the State of Qatar
QATAR FREE ZONE AUTHORTY (QFZA)
QFZA is established in 2018 to provide investors a free zone with the State of Art infrastructure, access to utilities, tax benefits and much more. QFZA accommodates investors with an access to $3 Billion Dollars Government backed funds for promoting growth, and also providing a dynamic and skilled manpower. One of the most distinctive features include – tax exemption for 20 years and no individual income tax, zero custom duties on imports, with 100% foreign ownership of business and full capital repatriation.Here are the areas that come under QFZA:RAS BUFONTASAn Airport Free Trade Zone 6 Kilometers from Hamad International AirportRecommended IndustriesLogisticsConsumer ProductsLight ManufacturingServicesTechnology & Applications PharmaceuticalsUMM ALHOULA Port Free Zone AreaDirectly adjacent to Hamad PortKey operations – Shipping and logisticsCapacity of large vessels and cargo ships.
Marsha – a Marine Cluster
Key Operations – Ship building and repair, Internal Design and fit-out, Boat Brokerage and Maritime ResearchSmall to medium vessels – upto 70 meters in lengthRecommended IndustriesMaritime IndustryHeavy ManufacturingIndustrial SectorEmerging TechnologiesLogistics Hub.
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