Top 10 Reforms Strengthening Company Formation in Qatar

• Oct 21, 2024

• Posted by: admin_perfect

• Categories: Business, Uncategorized

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The Government of Qatar has implemented a number of reforms that have really strengthened company formation in Qatar. Let us get to know more about these reforms and how they improved the business landscape in Qatar.

• Labor Law (19/2020)
  According to this law employees could switch their employers without seeking the employer’s permission. This has made the labor market more flexible and dynamic, attracting talent and encouraging entrepreneurship.This has made it easier for companies to find the correct employees.
• Labor Law (13/2018)
  This law allows workers to leave the country without exit permits, making the life of expatriate workers easier. This has increased the workforce potential available for businesses in Qatar.
• Qatar Visa Centers (QVCs)
  The residency procedures of expatriate workers were simplified by the establishment of Qatar Visa Centers. The bureaucratic hurdles were reduced for businesses seeking to hire foreign employees.
• Amendments to Labor Disputes Regulations ( February 2023)
  Clear procedures were established for resolving labor disputes, which enhanced workplace stability.
• Minimum Wage Law (17/2020)
  Fair compensation is ensured by the implementation of minimum wage, improving employee morale and retention.
• Regulating Investment in Non-Qatari Capital in Economic Activity Law (1/2019)
  This is a law that permits foreign investors to own 100 percent of a business in Qatar, making it an attractive country for foreign direct investment (FDI). This creates a business friendly atmosphere for diverse investments to be made in Qatar.
• Property Rights Law (16/2018)
  This law supports foreign real estate developers by legislating real estate investment and ownership. The existence of a clear legal framework enhances investor confidence in the market.
• Private-Public Partnership Law (12/2020)
  Collaboration between the government and private sector is encouraged by this legislation. It fosters the investment in infrastructure and services that supports the functioning of businesses.
• Investment Promotion Agency (2019)
  This agency is a great help to foreign investors as it provides support and guidance for companies looking forward to business set up in Qatar.
• Investment Commerce Court Law (21/2021)
  The is an efficient medium for solving commercial disputes, ensuring the resolution process that protects business interests.

The reforms made the Government of Qatar reflect the country’s commitment to developing a cent percent business friendly atmosphere. Qatar has positioned itself as a leading hub for company formation and other business activities globally.