New initiatives to encourage the private sector and establish companies

Mark
Written By Mark

The state launched new initiatives to encourage the private sector to expand investments and exports abroad … after commercial activities in the country increased this year as a result of facilitating the procedures for establishing companies and supporting entrepreneurs. The Qatar Chamber said that the total value of private sector exports during the year 2024 amounted to about 12.2 billion riyals. Qatar has one of the most powerful regional economies and one of the most promising economies globally. The State of Qatar has maintained balanced growth rates despite various global challenges. During the past years, the state has succeeded in consolidating its advanced position on the map of the global economy according to the approach drawn by His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country, may God protect him, to continue the march to achieve Qatar National Vision 2030 towards establishing a diverse and competitive economy based on knowledge.

This systematic economic policy contributed to supporting all sectors of the state to become an active partner in strengthening and strengthening the national economy and enhancing investor confidence in it.
In this context, the State of Qatar was keen to provide a promising investment environment in the priority sectors of the national economy and supply it with an administrative and legislative system that stimulates business -practice that is characterized by a legislative framework appropriate for business development and attracting investments, and issuing many laws aimed at motivating and attracting local and foreign investments.
In parallel, the state went towards creating and developing the business environment by launching many initiatives, including providing one window for investor services and providing advanced electronic services to establish business in addition to identifying and facilitating the procedures and conditions of construction licenses for business centers, facilitating the conditions, controls and procedures for granting licenses to practice business and granting attractive privileges to international investors wishing to invest in the State of Qatar.

Encouragement incentives
The investor may be exempt from income tax for a period not exceeding ten years.
Granting non -Qatari investment projects a customs exemption for the machines and equipment needed to create them.
It is permissible to allocate land to establish an investment project, by renting for a long time, not exceeding 50 years, renewable.
Industrial projects may be granted customs exemptions for their imports of raw materials and a half manufactured for production that are not available in local markets.
Public concessions
Import everything he needs to create, operate, or expand the project.
Freedom to enter the capital and its exit to and from Qatar.
Freedom to transfer profits and assets whenever the investor wants to do so.
Transfers are made in any convertible currency.
Non -Qatari investments are not subject to monarchy or any similar impact procedure based on Law No. 13. For the year 2000 by regulating the investment of non -Qatari capital in economic activity.
• The freedom to transfer the ownership of the investor’s investment to another Qatari or non -Qatari investor.
Establishing companies from outside Qatar
The new initiatives and incentives included the establishment of companies from outside Qatar through a passport for the foreign investor, simplifying the procedures for issuing environmental permits for the environmental facility in partnership between the ministries of trade, industry, environment and climate change, and cooperating with the Ministry of Transport to add logistical activities within one commercial record, and to announce the issuance of the tax card automatically when issuing the commercial registry, in addition to the launch of the “National product page” On the Ministry’s website with the aim of supporting a fair competitive environment and enhancing the quality of national products, in addition to the start of the verification period for local factories eligible to take advantage of the benefits included in the reinforced local value policy (ICV +).
Qatar has made remarkable progress in business efficiency classifications according to the reports of the International Institute for Administrative Development (IMD), as it ranked from the 18th rank in the world in 2022 to 11th in the year 2024.
High commercial records
The number of new commercial records witnessed an increase of 32 percent during the first quarter of this year compared to the first quarter of 2024, while the impact of the ministerial decision continued to reduce services fees and the service of establishing companies from outside Qatar using the passport, which contributed to increasing the number of new commercial licenses by 87 percent compared to the same period last year, and the ministry recorded a decrease in the average period of issuance of commercial records compared to the same period last year, with the continued impact of the declaration of activities allowed It has home projects, which contributed to the increase in the number of household licenses by 54 percent after increasing the permitted activities from 10 activities to 63 activities.
In the same context, the one window platform witnessed the development of 3 new electronic services during the first quarter of this year, with expectations to launch 38 additional services during the current year, amid high indicators for the consent of users to electronic services. The number of local patent applications, the number of trademark registration requests, and the number of local author rights requests increased by more than 18 percent compared to the first quarter of the year 2024.
“Business Map” portal
The Ministry of Trade and Industry shed light on the services of the “Business Map for the State of Qatar” available on the Ministry’s website, as part of its efforts to support the private sector, empower entrepreneurs, and facilitate the procedures for establishing companies and upgrading the business services system in the country.
The “Business Map” portal is a wide database that includes the investment features of various regions of the country and allows its users to view the private and basic data of economic facilities in the State of Qatar.