Qatar has experienced rapid economic growth over the past few years on the back of high oil prices and in 2009 it posted its ninth consecutive budget surplus. Economic policy is focused on developing Qatar's non associated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings and 70% of government revenues.
Oil and gas has made Qatar the second highest per-capita income country and one of the world’s fastest growing. With proven oil reserves of 15 billion barrels output can continue at current levels for 37 years. Further, natural gas reserves amount to almost 26 trillion cubic meters, 14% of the world total.
While oil and gas will remain the backbone of Qatar's economy for some time to come, the country is keen to stimulate the private sector and develop a “knowledge economy” which aims to attract and serve technology based companies and entrepreneurs from overseas.
As a result international companies are increasingly looking at Qatar as a place to pitch their services. When providing services in Qatar they will either have to relocate their own staff or source international contractors. It is very difficult to start a company in Qatar as a foreign owned enterprise and as such if these companies wish to relocate their staff or source international contractors they will require a locally based Contractor Management Company to provide a full employed local solution for their employees. This will entail Qatar Permits and local Qatar payroll.
As an individual, working in Qatar can be a highly rewarding experience, an opportunity to experience living in the Middle East, high earning rates and paying zero income tax!
Our services in Qatar include:
- Tax, Payroll and Employment Solutions for Clients and Individual Contractors
- Sponsored Work Permits for Clients/Contractors/ Freelance Workers
- Salary Packaging
- Self-Employed / Pty Ltd Companies
- Immigration Lawyers
- Expatriate Tax specialists
- Insurance (Private Health / Travel / Professional Indemnity)
- Bank Account Opening
You can reach all our resources for Qatar from this page.