Stories concerning the 2022 World Cup tournament seem to have taken all the oxygen out of news and information about Qatar. True, Doha is scheduled to be the first Arab state to host the world's largest soccer tournament, and this promises to generate something of an increase to the country's construction boom. But, there's more to this small, wealthy Gulf state than sports.
Businesses, whether they be engineering firms, banks, energy companies, franchisors, purveyors of luxury items or manufacturers of fast-moving consumer goods, might be interested to know that Qatar is the world's third largest producer of natural gas and has a legal and regulatory enviroment wherein compliance is relatively inexpensive. With the highest GDP per capita in the world, Qatar's consumer base is awash in disposable wealth and opportunities abound.
As a law firm, JHI takes particular notice of Qatar's bifurcated legal system. The civil courts there are completely separate from and independent of the Shari'ah courts, and the rest of the government generally. These separate courts that deal with matters relating to foreign commercial interests provide a level of transparancy and predictability for which Gulf-Arab jurisdictions, fairly or unfairly, do not always have a reputation. This, in turn, provides an additional layer of security to companies that expand into, or otherwise invest in, Qatar.
Conduct your own economic survey and have accounting crunch the numbers and provide you with the tax implications of such a venture. Then, if satisfied (or, excited), contact an experienced law firm and ask them to provide you with a legal and regulatory survey.
Take a look at Doha beyond the glamour of sports and see if you would like to Explore the Boundaries of Your Business.