Doha, as the capital city of Qatar, establishes itself as one of the most important business centers in the Middle East, attracting many investors and entrepreneurs from different parts of the world. One detail that is key in facilitating this growth is the establishment of zones, which is the point at which the business begins spreading. Such zones have numerous benefits in facilitating business growing attraction, not only to local but foreign investors as well. We shall discuss some of the benefits of free zones in Qatar.
1.100% Foreign Ownership
The most remarkable feature of such an investment is the 100% foreign ownership permitted development in the free zone in Doha. Most other regions do not offer such a privilege as individual businesses are required to enter into local partnership agreements. But this is not the case with QFZ. Foreigners can invest within these free trade zones as total equity stake without involving local investors. This aspect is most suitable for foreign investors who intend to operate in the country without outsiders taking part in the management.
2.Tax Incentives
In Qatar, there are free zones that provide certain tax advantages which help improve businesses. These businesses usually enjoy the tax holiday for corporate taxes for a certain number of years that can even be for a maximum of 20 years. Further, expatriates who want to work and make the best income do not have to worry about personal income taxes.
3.Streamlined Regulatory Framework
The internal regulatory environment of QFZ is friendly and supportive for various business activities. The rules on company registration are such that there are short registration periods and a lesser amount of red tape to be overcome. There is consequently a prospect of firms beginning business operations within a very short period, resulting in the minimization of the period and costs to open a new business enterprise.
4.Access to International Markets
Natural geography of the free zones in Doha is advantageous since it is easy for the businesses to reach both regional and global markets. This is especially useful for businesses that plan to sell their products or services abroad because the free zones have state of the art logistics and transportation infrastructures. They are also able to use Qatar’s extensive infrastructures for marketing a wider scope of their businesses beyond the borders.
5.Infrastructure and Facilities
QFZ offers the infrastructure and facilities that are suitable to the businesses in a number of sectors. The free zones are furnished with features ranging from high tech office and advanced warehousing space in terms of modern business needs. This infrastructure achieves more than boosting operational efficiencies but rather enhancing the business environment.
6.Networking Opportunities
The major activity of any business is to seek operational avenues. For that reason it is notable that free zones encourage such businesses to vary their scope of customers and connect with varying company owners and entrepreneurs. The networking aspect of the complete zone may offer a prospect of forming relationships, working together and making business. It is good to be in a community of such creative professionals and it is even better to be working in the community.
7.Simplified Import and Export Procedures
With respect to movement of goods, free zone in Doha enhance the procedures for both import and export hence allowing the businesses to have quick movement through customs as well as incur lesser expenses on logistics. This type of mobility is very important to those companies who depend on the arrival of goods or services at a certain time. Moreover, businesses may reap the advantage of duty exemption on certain goods brought into the country.
It is possible to gain many benefits from the free zone in Doha, especially the Qatar Free Zones (QFZ). They welcome foreign firms who want to set up a business in the region. It can be anything from full foreign ownership and taxation on business incomes to easing regulations and reasonable infrastructure that gives rise to these zones.
It’s best to get in touch with a professional service provider in case you want to register a business in a free zone in Qatar. Helpline Group helps you set up your business in a fast expanding QFZ. Our experts will help with the areas of registration, compliance centers, operational setup and other overlapping activities making the whole process very efficient for all. If you are seeking services for company formation in Saudi or Qatar Contact Helpline Group. Now it’s time to discover the wonders of Qatar’s Free Zones with us.
