Qatar Geography, Economy, and Culture
Qatar is a small, Middle Eastern nation, with Doha as its capital. It is bordered by Saudi Arabia and the Persian Gulf. It is regarded as the most advanced Arab state for human development with a high-income economy with the world’s third-largest reserves of oil and national gas. It is expected to host the 2022 FIFA World Cup, making it the first Arab country to do so.
Known for its futuristic skyscrapers among other ultramodern architectures, Qatar’s economy has grown recently, mostly attributable to oil and gas exploration, innovation, and technology. Fruits, vegetables, poultry, and fish farming form the largest elements of Qatar’s foreign trade.
Qatar has an estimated population of 2, 314,307 people, all with very low unemployment. This is attributable to Qatari economic success when, in 1973, oil and gas exploration became the backbone of Qatar’s economy, contributing to over 70 % of the government’s revenue.
Qatar’s culture is traditionally Bedouin culture, with some influence from India, East Africa, as well as in the Persian Gulf. Official languages include Arabic and English. The majority of Qatari’s are Muslims, with Christians, Hindus, and Buddhists comprising a significant minority.
|May 13||Eid al-Fitr|
|May 14||Eid al-Fitr Holiday|
|May 15||Eid al-Fitr Holiday|
|July 20||Eid al-Adha (Feast of Sacrifice)|
|July 21||Eid al-Adha Holiday|
|July 22||Eid al-Adha Holiday|
|December 18||National Day|
- Limited Liability
- Corporate Tax: 10%
- Income Tax (Lowest Marginal Rate): 0%
- Income Tax (Highest Marginal Rate): 0%
- VAT/GST/Sales Tax: 0%
- The Commercial Bank of Qatar (Local Bank)
- Ahli Bank Qatar (Local Bank)
- International Bank of Qatar (Local Bank)
- Qatar Development Bank (Local Bank)
- Qatar Islamic Bank (Local Bank)
- Qatar National Bank (Local Bank)
- DOHA BANK (Local Bank)
- Al Khaliji BANK (Local Bank)
- QIIB (Local Bank)
- Barwa Bank (Local Bank)
- HSBC Bank Middle East (Foreign Bank)
Aadmi can support you with your expansion to Qatar. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.