Qatar may be a small country in terms of area, however, it is the wealthiest nation on earth. What transformed the economy of Qatar is the discovery of oil reserves in 1940, claims Wikipedia. Since then, the state of Qatar has registered a record-breaking success across petroleum, energy, tourism, infrastructure, healthcare etc sectors.
It is interesting to find Qatar as of those of few countries in the world that impose no income tax and the lowest company tax rates, hence making it one of the popular destinations for employment as well as business conduct.
Here are top 10 small business ideas that have great potential to thrive and prosper in the Qatar peninsula:
1. Real estate business
Qatar is experiencing an explosive growth in local population, immigration, businesses, and per capita income, hence creating an ideal ecosystem for entrepreneurs who want to start a business related to real estate since more houses and office spaces are required in the country.
2. Car rental business
Having lived and worked in the country for almost one and a half year, what I have figured out is that so many tourist places are very difficult to reach via the public modes of transport.
Most foreign and domestic tourists on account of this difficulty prefer renting a car over public transport. You might, hence, want to start a car rental business also in Qatar to help international and local visitors explore various visiting places conveniently.
3. Information technology business
From transportation to healthcare to environment to logistics to e-commerce sectors, Qatar is continuously harnessing the power of information technology, hence has created a supportive environment for entrepreneurs who are interested in starting an information technology related business in the country.
4. Construction related business
Qatar direly needs to erect more buildings and other infrastructures due to increasing population and expat demographic rates. Qatar still imports most of its building materials from other countries.
What that simply means is that there is a high demand for construction-related businesses, especially for enterprises that sell construction materials.
5. Open a massage spa
More the pressure of high workloads, more the accumulation of stress and thereby more the need for getting rid of it in time to stay fresh for the next day and we know for a fact that Qatar is country where working-class men and women can’t escape from stress.
Hence, making a massage spa business a good investment opportunity in most busy cities including Doha of Qatar.
6. Open a restaurant
Most people among both expats and nationals regularly eat out in restaurants since they are hardly allowed by the Qatarian working life to squeeze time for cooking food on their own. Hence, a restaurant is another lucrative but capital-intensive business you can start in Qatar.
7. Open a carwash business
In Qatar, nearly everyone has at least one car but not everyone has the time, chiefly due to their busy lives, for performing a self-car wash.
Though providing a car wash service at a static location isn’t a bad option but on-demand service has revamped the car wash industry in Qatar in recent times.
8. Interior design services
The future of professionals with interior design skills has become brighter than ever in Qatar since, as pointed out earlier, the country is witnessing a constant increase in the number of residential and commercial establishments. I guess you might have such skills. If so, then think no further to starting an interior design business in Qatar.
9. Automotive related business
In Qatar where everyone has a vehicle, it is unsurprising to learn that there is a great potential for automotive niches from auto repair services to spare parts selling to even a tire shop business.
10. International recruitment firm
People from every corner of the world on a constant basis seek job opportunities in Qatar. Many get jobs as a result of relatives or friends who are already settled in Qatar.
However, most have to face failure due to the lack of someone who can connect them with organisations, therefore raising the demand for recruitment firms that can internationally recruit and supply the best talent to companies that operate business in the country.