Qatar recorded an estimated GDP per capital of $94,000 for the year 2013, securing a top spot on the list of the top ten wealthiest nations in the world. The high amounts of individual income have also opened up a lot of exciting possibilities for entrepreneurs who are looking to start a new venture.

While the growth rate of Qatar has largely been fueled by its abundant natural resources, specifically liquefied natural gas and petroleum, the economy of the nation is incredibly diverse. Major revenue generation sources include hospitality, retail, healthcare and real estate, all of which are stable and high growth sectors in a country experiencing rapid growth.

Qatar’s High Growth Rate

Qatar is well on its way to becoming the largest economy in the region. From 2009 to 2014, Qatar registered an astounding growth rate of 10%. This growth can be attributed to the political stability as well as the pro business reforms which the government has undertaken.

With it’s solid infrastructure Qatar has all the essential services that are crucial to the survival of a business have been extensively cultivated by the Qatar government. From uninterrupted electricity to affordable office space for rent in Qatar, and world class real estate development, Qatar has worked to build up an impressive infrastructure that takes care of everything from power to healthcare, and from transportation to communication.

It is relatively easy to register a new company in Qatar as all requirements are managed from a central location.The Qatar government has a well organized and efficient structure to secure work permits, grant residency, and more.

Qatar has a great entrepreneurial environment, and offers tremendous benefits to businessmen in pursuit of their next venture. Not only is the country a member of the WTO, it is also working closely with a number of international business and trade regulation bodies, ensuring the ideal environment in which your business can grow and flourish.