Whether as a sole trader, partnership, co-operative or any other, an entrepreneur may have some serious hard times deciding as to where in the world should they base their business. Amidst the global economic crisis, a tiny country set in the Middle East remains to be the land of multi-billion dollar construction projects. Home to 1.9 million people, Qatar is surely one of the top places to set up a business. A significantly rich economy, generally low tax figures, and favourable operating conditions are the main reasons why many entrepreneurs choose Qatar as the setting for their business venture.
The first and capital reason why a businessperson would opt for setting up a business in Qatar is that it is the richest country in the world in
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Toumi (2009) stated that the Qatari government has reduced corporation tax from 25% to 10% for foreign-owned businesses. For Qatari owned businesses, there is no corporate tax involved at all. With this policy being implemented, current or future owners of businesses have some major benefits. With a decrease in corporate tax, there are automatically higher profits after the tax is deducted. Owners are therefore paid higher dividends, while managers have more money to re-invest back into the business. Besides just being paid higher dividends, owners may be encouraged to invest even more financial capital than they did before. This increases the ability to purchase new machinery, afford new projects, employees, and ultimately, expand the …show more content…
Concerning this, Qatar owns some well-constructed transportation, sewage and utility systems along with stupendous healthcare and education facilities. According to Lee (2009), a recent KPMG International Survey produced findings whereby 90% of corporate executives stated that the presence and quality of a country’s infrastructure had a large impact on determining the location for their business operations. Basically, infrastructure facilitates the production of goods and services, and enables the allocation of completed products to consumers. Without properly built roads, raw materials cannot be transported to the factory for the production and manufacturing process to take place. Therefore, infrastructure has a direct effect on an entrepreneur’s ability to engage his business smoothly and effectively. Moreover, Qatar’s solid infrastructure provides services that accommodate economic growth and reduce the expenses of production, while increasing profitability, employment and, standards of
How does one region have a prolonged battle for authority, and conflict with the opposing force for eternity? After the Ottoman Empire sided the Central Powers during World War I, they didn’t foresee that they would lose their empire based off of this decision. European countries that won the war came in and partitioned the Middle Eastern region. Soon after the Sykes-Picot Agreement was established, and the Arabs felt betrayed because they weren't granted their deserved independence. The new borders set caused continuous conflict because of the artificial blending of different ethnic and religious groups. International conflicts have contributed to regional conflict in Southwest Asia by forming borders without regards to the different ethnic and religious groups, creation of the state Israel in 1948, and the U.S. being involved in the matters of the Middle
Saudi Arabia and Qatar are both independent, Middle Eastern nations located on the Arabian Gulf peninsula. They share the same religion, same ruling style and same ruling religion. They are both Islamic monarchies where Wahhabism—a fundamentalist sect of Islam—is the primary faith among their people and the faith of their ruling families. Their economies follow nearly identical paths, as oil wealth is the primary sector of both of their Gross Domestic Products (GDPs) and largely controlled by the government. Both Saudi Arabia and Qatar are economically oil-driven Wahabist kingdoms; however, Qatar 's lack of reliance on Wahhabism coupled with its acceptance of its own ephemerality has
“Since December 2010, the wave of uprisings and protests across the Middle East has produced spectacular changes in the region’s authoritarian republics but has largely bypassed its autocratic monarchies” (Yom and Gause, p. 1). The most interesting aspect of this trans-national movement of uprisings is how it “has largely bypassed the autocratic monarchies”. In this paper, I will focus on how the Arab Spring affected two such autocratic monarchies: the State of Qatar and the Kingdom of Bahrain. The Bahraini public motivated and frustrated with the way things were went to the streets to protest in mass in February 2011 (Freedom House, Countries at a Crossroads, p. 1). Since this could potentially weaken the existing government, as it did in Egypt and Tunisia, the autocratic government of Bahrain saw the protests as a threat to their power and legitimacy and met the protesters with a brutal crackdown and further political repression. These protests and the subsequent violence did not, however, occur in Qatar. So, why did the Arab Spring affect the domestic stability of the oil-producing constitutional monarchy of the Kingdom Bahrain but not the oil-producing constitutional monarchy of the State of Qatar? Domestic stability here is defined as “the absence of large-scale violence in a country” (Nathan). Energy-rich countries that have recently changed from absolute monarchies to constitutional monarchies are more likely to suffer domestic instability if two things occur. First, that the profits from energy resources have declined and are unequally distributed among its citizens among other policies of sectarian-based economic discrimination. Second, that in the case of the religious minority monarchy that hold the political majorit...
A country's economic environment plays a significant role in the success of businesses operating within that country. Countries with struggling or shrinking economies were not included in the top ten ranking. Economic indicators and trends selected for this analysis:
According to the World Economic Forum, a group of the top 1,000 businesses in the world and a leading source of world economic data, as well as economic theory, the United States ranks twelfth out of one hundred forty-four nations in infrastructure with a score of 5.8 out of 7 (Global Competitiveness). This shows that while the United States may not have a perfect infrastructure system, it still does very well when compared with other countries. In the first sub category of transport infrastructure the United States performs even better, placing ninth in the world with a score of 5.8 out of 7. This success mostly stems from our airport infrastructure. The United States ranks ninth in Quality of air transport infrastructure, with a score of 6.1 out of 7. In the category of available airline seat kilometers or how many seats per distance traveled by aircraft, America rank first in the world. The United States performs decently in the quality of roads, earning Sixteenth in the world, fifteenth in railroad infrastructure, and twelfth in port infrastructure. However, in the second category of electricity and telephony infrastructure the United States ranks twenty sixth with a score, again, of 5.8 (Global Competitiveness). This ranking largely stems from the United States’s ranking one hundred
The geography of a country is also a consideration that one should make. It is necessary in this case to assess what the weather is like such as; does it rain often or is it extremely hot. These considerations must be made and planned into the overall projects, as some of these challenges could cause the project to be delayed if you are working on a construction project. In addition, one must consider the economic infrastructure. It is important to find out how the foreign country conducts business, and how it could influence the project's success or failure. The infrastructure is important, as the project manager would need to know if services required for the projects are available, such as communication. It is important to assess if the project manager needs to be fluent in the foreign language. In addition, it may be necessary to know if there will be resources available to assist in the communication process. (Gray, 2006)
The research conducted within this document will look at the various areas considered by someone before venturing in to another country for a business, regardless how well he or she know the specific business. As the information is gathered as well as imported in to tables for visual comparison, one can see that there are many similarities and the possibility of success via such a business seems possible.
There is no doubt that, Qatar now is one of the most advanced countries not only in the Arab world but, also in the world. Qatar faced many difficulties to be one of the most advanced nations since the second world war when the pearl price collapsed and exports had been harmed(P:1), but the Qatari people did not yield to that situation. Most of the Naim left Qatar decades before the oil boom(P:3). A similar pattern of tribal groups being incorporated into the state while also losing some of their formal power. Qatar is a stable country and many political scientist at one time predicting its fall, now predict a long- term future for Qatar's existing political system(p:5).
Saudi Arabia’s capital market is considered to be young compared to other financial markets in the region. Saudi financial markets have been developing slowly because most enterprises in the country are either government owned or family-owned, most of which was funded through state budget, and as a result reduced the need for financing. In the recent past, Saudi Arabia has focused on a careful measurement for structural developments and regulatory changes. However, different phases of historical development of the capital market which can be classified into three phases; pre-industrialization phase, post industrialization phase and growth phase that sparked changes and shaped the kingdom 's capital market on
After the crisis UAE’s economy suffered from 2008-2009 the economy has diversified itself and does not depend solely on oil anymore but also on other sectors such as tourism. The inflation rate of Dubai is 0.33% which is also significantly low (Dubai Statistics Centre,2016).The small medium enterprise does not want to take a risk where there are fluctuations in price level thereby effecting the buying power of people and also the demand and supply of the Al-Simpkin’s product. Furthermore,the government encourages foreign investment and besides the agent there are free zones such Jabel Ali which is the largest
Since the establishment of the new country of Saudi Arabia the new leaders exerted great efforts to modernize the country .they set up projects to change the face of the country from blunt desert to a modern place where its people enjoy high standard of living. The government built new companies like Aramco, SABIC and set up new industrial cities everywhere in the country. It encourages tourism and builds new hotels everywhere especially in Makah and Medina. It facilitates transportation and built new routes airports and seaports. Saudi Arabia now is doing its best to develop its economy by all means.
There are also barriers that limit the potential growth of industries. Such as the lack of adequate infrastructure, the roads and ports are lacking, congested roads with no parking available and electricity shortages. Foreign businesses need to have all this in mind when trying to invest in a country that seems to be very attractive.
world because of this there a very wealthy country. (Saudi Arabia is also the largest
United Arab Emirates, Kingdom of Saudi Arabia, Sultanate of Oman, State of Qatar, and State
UAE consists of seven emirates : Abu Dhabi ,Dubai , Sharjah, Ajman, Fujairah , Ras Al Khaimah and Umm Al-Quwain which is a federal state. Sheikh Zayed is one of the foundations of the Union on the second of december 1971 , where the Sheikh Zayed converts Emirates of empty desert into a green paradise . Consists state emblem is a science that combines four colors red , white , green and black . National anthem is the anthem Emirates National , which echoes in every morning in most government and private institutions . Abu Dhabi is the capital of the United Arab Emirates Abu Dhabi is one of the most world cities sophisticated in terms of modern infrastructure fit its position as a hub economic and political to the United Arab Emirates are They combine its role as a destination for business and tourist destination from shopping in shopping malls Superior to swap in traditional markets as well as enjoy the miles of sand golden beaches to break in one of the public parks in the city and dine at five-star hotel to the safari distinctive and enjoyable , and famous Emirate and the largest in terms of area is Dubai . Arabic is the official language of all the people of the United Arab Emirates . System of government is a federal system known from time immemorial . The head of state , Sheikh Khalifa bin Zayed Al Nahyan , who is also Ruler of Abu Dhabi , who succeeded his father, Sheikh Zayed , the Minister is the Minister Sheikh Mohammed bin Rashid Al Maktoum . Emirates has an area of approximately 83,600 km 2 ( 116 ) and estimate the proportion of water in which 1.1 percent , also the population of the United Arab Emirates to a 8.264 million rate of a million that have been counted in 2011 before 3 years . The population density of t...