Qatar's Investment Promotion Agency Launches "How-To" Guides For Prospective Entrepreneurs And Investors In the Country

IPA Qatar's reports provide detailed information on the country's main economic sectors.

IPA Qatar

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Qatar's Investment Promotion Agency (IPA Qatar) has launched "how-to" guides to provide entrepreneurs, investors, and businesses with vital information they'd need to establish or expand their operations in the country.

For instance, the Setting Up Your Business In Qatar guide helps with answering initial questions, such as how to select the right registration platform for your business, or with providing key insights into Qatar's taxation, customs, banking and finance, and legal systems.

Similarly, the Invest In Qatar guide gives more information about opportunities for investors in five sectors that are growing in the country: agritech, e-gaming, cybersecurity, trading hub, and the halal economy.

Meanwhile, the Startup Ecosystem Of Qatar report reveals the strong SME sector in the country, which accounts for 31%-34% of total employment of its population. It also notes the recent Venture Investment Report by Qatar Development Bank, which said that venture funding in Qatar hit a record of QAR69 million (US$18,9 million) in 2021, growing by 92% from 2020.

The report went on to point out that accelerators were responsible for 46% of these venture capital transactions. Fintech startups secured the most venture capital deals, while transport and logistics startups received the most funding.

Another of IPA Qatar's reports, Hiring in Qatar, also showcases some interesting data, such as that, in Qatar, employees benefit fully from their wages, as there is no tax on personal income, but that companies are subject to a corporate income tax levied at a flat rate of 10%.

Furthermore, the report also mentions that Qatar's Law No.17 of 2020 introduced the non-discriminatory minimum wage applicable to all workers, of all nationalities, in all sectors, including domestic workers, or that the average monthly wage for the total number of workers amounted to nearly QAR12,000 (US$3,295).

IPA Qatar, which oversees investment promotion activities under the Invest Qatar brand and acts as the country's umbrella organization for attracting foreign direct investment, has also released reports covering topics like living in Qatar, ESG investing, and circular economy, which can be accessed here.

Related:

Related Topics

Leadership

How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.

Starting a Business

How to Become a Storytelling Entrepreneur (or 'Authorpreneur')

Imagine this: You're crafting your very own novel anywhere in the world, already visualizing the bookshop shelves lined with copies of your newly minted book.

Science & Technology

How ChatGPT and Generative AI Can Transform the Way You Run Your Business

Let's take a high-level overview of how generative AI might transform your fledgling business. The benefits of this technology innovation remain crucial for any entrepreneur to grasp.

Living

21 Productive Things to Do During Your Commute

How to use this frustrating "wasted time" to get smarter, more focused and re-energized.

Growth Strategies

Opening Up To The World: Saudi Arabia's Tourism Goals

Gateway industries such as tourism, local manufacturing and smart services are generating jobs for future Saudi youth –and for the first time– opening Saudi Arabia to the world.