Vinish C Vinod

18382067
 Qatar is a peninsula in the east of Arabia,
bordering the Persian Gulf and Saudi Arabia.
 Qatar occupies 11,571 km2.

Climate
 Hot desert climate.
 Low annual rainfall.
High temperatures in summer.
 The currency is the Qatari Riyal (QAR), which is
pegged to the US dollar.
 Qatar is ranked 83 among 190 economies in the
ease of doing business
 1 Qatari Riyal = 19.54 Indian Rupee.
 Capital-Doha
 Arabic is the first language.
 Oil and natural gas revenues have placed Qatar
as one of the highest per-capita income countries.
 Qatar Exports
Qatar exports mostly liquefied natural gas (60 percent of
total exports) and crude oil (30 percent). Main exports
partners are Japan (28 percent of total exports), South
Korea (19 percent) and India (11 percent). Others include
China, Singapore, Twain and United Arab Emirates.

Qatar Imports
Qatar main imports are transport equipment and parts (19
percent of total imports); nuclear reactors, boilers,
machinery and mechanical appliances and parts (15
percent); base metals and articles thereof (11 percent) and
electrical machinery and equipment and parts (10.7
percent). Main import partners are United States (11
percent of total imports), China (10 percent), Japan (8.2
percent), United Arab Emirates (8 percent) and Germany
(7 percent). Others include Italy, United Kingdom, Saudi
Arabia, India and Switzerland.
 Joint Company
 Limited Partnership Company
 Particular Partnership Company
 Shareholding Company
 Equities Partnership Company
 Limited Liability Company
 Foreign business owners and investors will
almost always form a private limited liability
company (L.L.C.) to operate within Qatar. The
company must have a minimum authorized
share capital of QR200,000 and two
shareholders and a maximum of 30
shareholders. Generally, foreign investors can
own up to 49% of the share capital, while the
other 51% must be held by one or more Qatari
partners.
 The current tax rules in the State of Qatar are
governed by Law No. 21 of 2009.
 A different tax rate may apply to entities with
oil and gas operations.
 An entity that is wholly or partially foreign
owned and that derives income from sources in
Qatar is taxable in Qatar
 Non-Qatar nationals are generally subject to
income tax at a flat rate of 10%
 Private associations and foundations and
private foundations of public interest.
 Not-for-profit bodies.
 Salaries, wages and allowances.
 Gross income from legacies and inheritances.
 Businesses that are wholly or partially foreign
(non-GCC) owned are required to submit
audited financial statements signed by a locally
registered auditor together with the tax
declaration.
 The tax law requires accounts to be prepared in
accordance.
 A penalty of QAR15,000 ($4,110) may be
imposed for failure to comply with the
requirements to submit audited financial
statements