The ISO code of Qatar is QA according to the ISO 3166 standard. The local name of the country is Dawlat Qatar. Qatar capital city is Doha. People in Qatar speak the Arabic language. On 3 September 1971, Qatar emerged as a sovereign political entity. In the year 09/03/1971, Qatar emerged as a sovereign political entity. The largest city in Qatar is Doha.
Qatar is located in the UTC +03:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Qatar is .qa. Other domains assigned to Qatar are قطر.. The International dialing code for Qatar is 974. People in Qatar drive on the right side of the road. Total land area of Qatar is 11,586 km² (approx. 4,473 mi²). Qatar is not a landlocked country. It means that is is bordered by at least one major body of water.
Qatar is located in Asia. Qatar is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Qatar faces various issues, including limited natural fresh water resources are increasing dependence on large-scale desalination facilities.
Doing business in Qatar
We offer various corporate services in Qatar jurisdiction. These services can serve both, people coming from Qatar and foreigners. If you plan on doing business in Qatar you might be interested in contacting us.
To find out about starting your business in Qatar click on company formation in Qatar.
To find out how to open a bank account in Qatar and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Qatar.
Choose preferred service below or continue reading to find out more about Qatar.
Demographics of Qatar
The total population of Qatar is 2,694,849 people. In Qatar, the population density is 175 people per square kilometer (455 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Qatar is 0.7456. Qatar has approximately 1687640 foreign immigrants. The median age is approximately 32.6 years. In Qatar, 88.1 in every 100 people use internet. Qatar has a Human Development Index (HDI) of 0.851.
The majority religion of Qatar is Islam, Qatar is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Qatar.
Culture of Qatar
People in Qatar speak the Arabic language. According to data on inbound tourists in Qatar, 2,611,000 tourists arrive in the country each year. The first McDonalds in Qatar was opened on 12/13/1995. One of the most popular national dishes of Qatar is machboos. To read more click on culture of Qatar.
Geography of Qatar
Qatar is considered to be a large nation because of its total area. Its total land area is 11,586 km² (approx. 4,473 mi²). Qatar is located in Asia. Its capital city is Doha. Qatar has 2 neighbouring countries. Its neighbours include Saudi Arabia, and United Arab Emirates. Total length of land borders of Qatar is 87 kilometers (~34 miles).
The highest point of Qatar is Qurayn Abu al Bawl, with its official height being 103 m (338 ft). Including land mass and EEZ, the total area of Qatar is approximately 43,176 km² (~16,670 mi²). The most notable natural resources found in Qatar are petroleum, natural gas, fish.To read more click on geography of Qatar.
Economy of Qatar
The currency of the country is Qatari riyal. The symbol used for this currency is ر.ق, and it is abbreviated as QAR. 0.2% of population in the country are unemployed. The total number of unemployed people in Qatar is 5,390. Each year, Qatar exports around $12.7 billion and imports roughly $39.58 billion. The Gini Index of the country is 41.1. Qatar has a Human Development Index (HDI) of 0.851.The Global Peace Index (GPI) for Qatar is 1.568. Qatar has a government debt of 70% of the country's Gross Domestic Product (GDP), as assessed in 2013. Qatar is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are liquefied natural gas, crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Qatar is $306,616 billion. Each year, consumers spend around $17,717 million. The ratio of consumer spending to GDP in Qatar is 0%, and the ratio of consumer spending to the world consumer market is 0.051. The corporate tax in Qatar is set at 10%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Qatar is 0%. To read more click on economy of Qatar.
Infrastructure of Qatar
Infrastructure quality in Qatar is rated to be at 3.44. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Qatar, 97.7% of the population has access to electricity. There are 897 internet hosts in Qatar. Qatar has 6 airports nationwide.
The logistics performance index of Qatar is 3.52. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.47. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Qatar is 314. To read more click on infrastructure of Qatar.
Politics of Qatar
Qatar, is a unitary parliamentary absolute monarchy. With regard to political and civil freedoms, Qatar is 3. Citizens in Qatar experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Tamim bin Hamad Al Thani.
According to the World Bank Group, the government effectiveness index of Qatar is 0.99. This indicates that the government of Qatar is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Qatar, the legislative power is vested in a Consultative Assembly. The Global Peace Index (GPI) for Qatar is 1.568. The strength of legal rights index for Qatar is 1. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. Qatar is a member of the United Nations (UN). On 21 September 1971, it joined the UN as a full member state. Qatar is a member of the World Bank. To read more click on politics of Qatar.
Environment of Qatar
Qatar emits 44 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Qatar is 314. To read more click on environment of Qatar.
Company formation in Qatar
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Qatar.
When establishing a company in Qatar, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Qatar that will affect the establishment and growth of one's business. Contact us or click on company formation in Qatar to read additional information when setting up a business.
Bank account opening in Qatar
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Qatar. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Qatar, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Qatar or contact us.