Great business opportunities in Qatar

Qatar, though small in terms of land area, has a very strong economy, and it’s a much better place to do business than many other realms. In fact, it’s one of the best places in the world to do business; partly thanks to its rich deposit of petroleum and natural gas, from where the government earns high returns from the export commerce.

Habeeb started his research on what would be the best business opportunities in Qatar and his research brought out a few interesting factors. E.g.The standard of living for the average Qatari is quite high when compared to other places in the world. In addition, the country’s openness to global commerce enhances the possibilities of becoming a leading financial and business hub globally. Furthermore, the business environment is conducive to the operation of new companies. There is no income tax or domestic corporate tax.

According to Forbes, Qatar will grow its own private sector. As a business, it is possible to grow a medium sized business in Qatar.

1. Trading

In 2017 Qatar imported $21.6B, making it the 67th largest importer in the world. Over the last five years, imports in Qatar have increased at an annualized rate of 4.2%, from $16.8B in 2012 to $21.6B in 2017. The most recent imports are led by Planes, Helicopters, and/or Spacecraft which represent 8.59% of the total imports of Qatar, followed by Cars, which account for 6.18%. Other popular imports include gas turbines, valves, computers, air pumps, jewellery, iron, and copper. The opportunities are great.

2. Handyman Business:

A handyman is a person who is skilled in performing a wide range of general maintenance and home repair jobs. This is one of the best low-cost business opportunities in the service industry in Qatar.

Additionally, you can start and operate the business from home. A handyman business is simply providing small services or tasks for clients who lack the skill or time to complete the work themselves. The working area of a handyman service business is wide.

3. Interior Designing:

Due to the high standard of living in Qatar, the country is full of luxury living. And definitely, interior design is a flourishing industry in the country. Interior design is a perfect career option for individuals who are passionate about design, art, and home decoration.

Any individual of any age can start this business from home. A degree in interior designing is always useful to start and run a successful interior designing business, though it is not a necessity.

4. Transportation:

Transportation is one of the world’s largest industries. Different types of specific demand with changing lifestyle habits have introduced several innovative and profitable startup opportunities in the transport industry.

The transportation and logistics sector is growing rapidly in Qatar. The success of transportation and logistics companies depends decisively on the quality and qualifications of its employees. Broadly, aviation, shipping & ports, land transport, and road freight & logistics are the majors.

5. Sale of Auto Spare Parts: As long as people still use cars on roads, auto spare parts will continue to be in demand. Auto spare parts business is indeed a profitable business because the replacement of damaged or worn-out auto parts is compulsory if you want your vehicle to continue to be on the road.

If you are looking for a business to start in Qatar and you have an interest in the automobile industry, then you should consider starting your own auto spare parts business. Although you don’t need a college degree to establish your own auto spare parts store, you would need some form of informal training, you might have to work as an apprentice with someone who owns an auto spare parts store.

It makes it easier for you to learn how to manage your own auto spare parts store. It is important to point out that the auto spare parts business is one of the businesses that can’t go out of fashion because of the role it plays in the auto industry.

Habeeb’s initial research showed there are some interesting fields that could be ventured into in the state of Qatar. One thing he did find out was that irrespective of the field that was chosen, a legal entity was mandatory and this is where BBMS comes in. As a company formation specialist company, BBMS can help you with the legalities of forming your company and getting you off the ground. Call us at +974 40120333 Or email us at info@bbms.qa for a no-obligation consultation.