Doing bussiness in Quatar (Essay Sample)

Doing Business in Qatar
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How to do business in Qatar
World business analysis shows that Qatar is one most potential business state in the world. Its compounded annual GDP is estimated at 28% in the last three consecutive years, with a promise of accelerating steadily in the future. This economic growth is driven by the social, political, and economic stability of the country over the last decades (Zachariah, 2008)
Qatar petroleum forms the larger fragment of government primary source of revenue. Qatar is the largest Liquefied Natural Gas producers in the world. This has made it to use this surplus production to diversify the economy through health, education, and general infrastructure. In 2009, a state established body referred as Qatar Investment Authority (QIA) to advise and recommend the foreign investors to establish and enjoy country’s’ growing economy (Roula & Abigail, 2008).
The estimated population was 1,700,000 in the year 2008. The statistics shows that majority of this population comprise of 75% foreign citizens whose main occupation is provide business services in the country. The capital city Doha and other segmented key industrial zones such as Messaieed and Ras Laffan City are considered very important for foreign investors (Roula & Abigail, 2008).
.Qatar is ruled under strong monarch system since it gained independence in the year 1971. The permanent Qatar constitution usually is quite strong and guarantees all residences equality of law, personal freedom of speech, expression, and media. This constitution continues to provide strong judiciary that oversees the function of Qatar courts and other related agencies. This helps to unify both commercial and civil courts into a single unit. Therefore, foreign investors are usually covered and there is no course of alarm (Zachariah, 2008).
The country has proved to accommodate high number of expatriates, estimated at around 80% of the total countries population. This shows flexible nature of their government immigration department. This is possible since visas are obtained at approximately 100 riyals and employees are provided quota residency visa and opportunity to sponsor family members to reside in the country (Zachariah, 2008).
Qatar has opened ways for foreign entities to carry out commercial operations through commercial agency relationships. The application process is streamlined through Qatar Foreign Companies. They provide authorization licenses to the foreign investors to carry out the business in this country. The individuals’ applicants must adhere to the acts as stipulated by Regulatory Authority Form Q03. These forms are freely available and can be downloaded from the immigration department website (Roula & Abigail, 2008).
Interested business individuals have several mechanisms of reliable transport systems. This includes Doha seaport, Doha International Airport, and prompt road network. This is coupled with valid telecommunication systems such as internet, telex, and telephone. Doha port usually is useful in handling container cargoes and consumer goods while Daho international Airport, which is quite close to the city center, therefore used for human transport. This valid infrastructural system accelerates the business process by adding place utility (Roula & Abigail, 2008).
In order to obtain licenses of operation, the strong Qatar financial center Regulatory Authority, licenses, supervises and oversees banking, insurances and all financial activities related to business carried out within and abroad. This is done in accordance to strong legislative principles and international standards. The QFC tribunal has a mandate to make strong decisions matters arising on commercial operations. Therefore, foreign investors usually advised to coordinate with them (Roula & Abigail, 2008).
Distribution, marketing, and sales of products in Qatar are usually carried out on a standard government protocols. Most of the Qatar trading processes represent both foreign firms and local market. Foreign investors wishing to take part in these exercises are usually provided opportunities through the local commercial agents. This enables both the country and individual investors to have valid information on how to carry out their marketing effectively within and outside the country (Zachariah, 2008).
Business individuals are urged that the country posses a strong trade balance shown by 1dollar to be equal 3.64 QR provides strong foreign exchange capacity to most of the commercia...