The perks of working as an expat in the richest country in the world include tax free income, access to an international network of contacts, and having a personal portfolio of global management experience.
Expats get their job market values boosted through having a stronger work portfolio. At the same time, they benefit personally in terms of bigger take home pay, with most of their accommodation and day-to-day living expenses taken care of during their time working overseas.
Qatar, the Richest Country in the World
Qatar is the world’s richest country by Gross National Income per capita of US$128,060 in 2018.
The Middle East country is also the world’s second largest exporter of liquefied natural gas. It has invested more than US$350 billion in global companies and around US$100 billion in world-class transport infrastructure.
The 2018 Global Competitiveness Index ranked Qatar as 25th out of 138 countries, with top rankings in Institutions and Infrastructure.
For connectivity, Qatar has one of the highest internet penetrations in the region, offering a 5G network, high-speed broadband and multiple smart cities. Its new airport has been recognized as the ‘Best in the Middle East’. The national carrier, Qatar Airways, was voted ‘Airline of the Year’ in 2017 and is one of the largest air-cargo operators in the world.
Qatar’s seaport has recorded the highest increase in liner shipping and still has significant available capacity to support further growth. Qatar’s metro system is well underway and set for completion for 2020.
Business and Career Opportunities in Qatar Free Zones
The Qatar Free Zones aims to offer international companies and investors opportunities to establish operations in Qatar to serve the Middle East and Global Markets.
Some of Qatar Free Zones pro businesses policies include 100% ownership, a flexible foreign workforce and a 20-year tax of zero corporate tax, zero customs duty and, no personal income tax. The Free Zone facilities include fully serviced plots, ready-built units and dedicated security. Onsite amenities including hotels, retail and hospitals.
Qatar is gradually diversifying its economy beyond the oil and gas sectors with major initiatives under way, there are also growth plans for some national ‘champions’ such as Qatar Airways, Ooredoo, BeIN Sports and Qatar Petroleum. The 2022 FIFA World Cup will be held in Qatar.
The Free Zones are managed by Qatar Free Zones Authority (QFZA), an independent entity founded in 2018 to support economic development and establish a cluster of world-class free zones in Qatar. It is responsible for setting the strategic direction and policy of the free zones, as well as securing anchor investments. QFZA aims to stimulate the country’s economy through a vibrant and self-sustaining business ecosystem, based on transparency and the rule of law.
Other facilities supporting the Free Zones include nearby Hamad Port and Hamad Airport, which offer world-class infrastructure and handle 4 million tons of cargo annually, with additional capacity available.
Qatar Free Zones
Key Benefits of Qatar Free Zones
General Information about Working in Qatar
Remuneration: An expat remuneration package will usually consist of a fix salary, variable payments such as profit sharing and end of contract bonuses. There may be other employee benefits such as accommodation, car and children’s education. To find out general information about salary and employment benefits in Qatar, please refer to https://www.onlineqatar.com/living/salaries-doha-qatar.aspx
Income tax: There is no personal income tax in Qatar.
Work visa: The employer/sponsor will organize a business visa first to get all formalities such as health check and documentation submitted before applying for the work visa.
Exit visa: The sponsored individual (i.e. the working member of a family) is required to obtain an exit visa if he has been in the country for 30 days or more. This can be obtained by your sponsor. Families are exempted from this requirement.
Religion: Strict Muslim state where foreigners are expected to observe Muslim restrictions. Women are allowed to drive.
WiseNet Asia Recruiting Talents for Qatar Free Zones
WiseNet Asia is one of the appointed recruiters for senior management professionals in Qatar Free Zone. With its regional coverage and experience in industrial parks including Chongqing Free Trade Zone, Tianjin Eco City and Maldives, WiseNet knows the intricate human resources needs in free zones development, and has the experience in placing the right talents.
To view available career opportunities in Qatar, click the link below and type ‘Qatar’ in the location box in the right: