Qatar is not only one of the richest countries in the world, but it also offers political and economic stability, state-of-the-art infrastructure and a flat rate of 10% income tax. The government has also developed an ongoing plan called the Qatar National Vision 2030. To ensure that this plan is a success, they are investing approximately $200 billion into it. This and it’s prime location in the world makes Qatar a favourable option for expats looking to start a business.
Source: https://www.pexels.com/photo/a-gray-van-parked-beside-the-white-concrete-building-4391469/
If you’re considering setting up a business, it can be rather complex and risky. Much research and knowledge are required before taking that step. However, if done correctly, you could lead a very successful and lucrative business. To get you started, here are some ideas:
1. Interior designing and decorating
Qataris are used to enjoying a high standard of living. Luxury is commonplace in their homes, offices and workplaces. For this reason, quality interior design is a must. If you are interested in décor, creativity, design and aesthetics, and have a degree in this field, an interior designing business would be a good option.
2. Gyms and fitness centres
To relax, working out in fitness centres is becoming more and more popular. Add to the fact that the climate is extremely hot, and you can see why an air-conditioned fitness centre would be ideal.
3. Maintenance
As a first world country, Qatar is fitted with the latest technological advancements in mechanical, air-conditioning, electrical, plumbing and other conveniences. With all this tech comes the need for maintenance services.
4. Delivery business
With the rise of ecommerce, there is an increased need for delivery services to transport goods to customers. By setting up a reliable, fast and convenient delivery service, you could tap into this need.
5. Financial services
If you have a background in financial services and are well aware of the policies and financial framework of the Qatari government, this could a lucrative business for you. From retail banking and commercial banking to wealth management and insurance, there is massive potential in the financial services sector.
6. IT business
From software, networking, hardware, mobile and digital entertainment to biometrics, repairs and maintenance, IT is a vast industry with many opportunities. If you have the investment capabilities for this sector, an IT business is a great idea.
7. Car wash
Almost everyone in Qatar has their own car, but not everyone has the time, space or inclination to wash it themselves. This makes a car wash a convenient and time-saving option for locals and expats.
Before deciding on what business would be best, visit Qatar and get a feel for the culture, land and economic environment. By choosing a rental car in Qatar, you will have the freedom to travel around the city and country to immerse yourself in this unique place and all it has to offer. Get in touch with United Car Rentals and our friendly and helpful team will assist you with all your needs.
References:
https://www.businesssetup.com/blog/top-7-business-opportunities-qatar
An expat guide to setting up a business in Qatar | Expatica