Venture Partner Qatar

With the FIFA World Cup just a few months away, over a million football fans are expected to travel to Qatar, creating a massive demand for short term accommodation that hotels are unable to meet. This has led to Qatar tourism issuing new regulations, approving short term rental of private properties to supplement the current supply of accommodation options.

This article is a guide to how to obtain a license for short-term rental of your property in Qatar.

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https://lnkd.in/dRjVDp5G

MOCI in Qatar closes company for a month for violating laws

The Ministry of Commerce and Industry (MOCI) in Qatar announced the closure of a commercial company in Al Muntazah for a month, as the said company had wiped out the validity dates of expired products and printed new ones.

The company deliberately concealed the dates of expired products and printed new dates on its products, the ministry clarified. The action was taken due to violation of Article No. (6) of Law No. 8 of 2008 regarding consumer protection.

Read more details in the full article:
https://www.gulf-times.com/story/707907/MoCI-closes-company-for-a-month-for-violating-laws

If you need assistance in setting up and approaching the Qatar market or any other related company set up, restructuring, local partner or PRO support matter in Qatar, Abu Dhabi, Dubai, the wider UAE, Oman or KSA, then please contact us Venture Partner Qatar

MoCI closes company for a month for violating laws The Ministry of Commerce and Industry (MoCI) announced the closure of a commercial company in Al Muntazah for a month, as the said company had wiped out the validity dates of expired products and printed new ones.

Qatar Tourism to issue ‘Holiday Homes Licences’ for domestic property owners in Qatar who wish to enrol their properties for short-term rental

Qatar Tourism have setup a hotline and introduced a simplified process for landlords to be able to rent their properties and obtain the Holiday Home Licence within a week.

Qatar authorities have announced that residential letting and subletting will form a significant part of the hospitality services during the upcoming World Cup, and many people have been enquiring about the process and how to ensure they lease out their properties legally. Qatar Tourism hopes that this updated process will make it easier for people to get the required paperwork as well as ensure customer rights are protected.

Property owners who rent their units without obtaining a licence risk significant fines.

Read more details in the full article:
https://www.dohanews.co/looking-to-rent-out-your-home-during-the-wold-cup-youll-need-to-get-a-license/

If you need assistance in setting up and approaching the Qatar market or any other related company set up, restructuring, local partner or PRO support matter in Qatar, Abu Dhabi, Dubai, the wider UAE, Oman or KSA, then please contact us Venture Partner Qatar

Looking to rent out your home during the Wold Cup? You'll need to get a license As a bid to ensure all property owners renting units abide by required standards Qatar Tourism introduced a renting license with a large fine if standards are not met.

Mega events to propel Qatar’s growth in 2022

Event management companies have planned a strong line up of mega-events in Qatar for 2022. Citizens and residents will have a chance to witness several high-profile trade fairs, exhibitions and conferences this year.

Some of the major events include Qatar International Agricultural Exhibition (AgriteQ), Qatar International Environmental Exhibition (EnviroteQ), Project Qatar, Hospitality Qatar and Finnovax.

Organisers believe this year will be better than 2021 for the event management industry and economy as a whole.
IFP Qatar, one of the leading event organisers of trade shows in the country, has a bullish outlook for this year.

“The event management industry in Qatar has learned the ways to deal with the COVID-19 challenges. It is equipped with the measures to hold events in a safe manner and 2021 is a proof of this. Despite the challenging situation last year many mega events were held successfully,” Haidar Mshaimesh, General Manager, IFP Qatar told The Peninsula.

“The year 2022 promises to be an exceptionally exciting year in Qatar, offering businesses a wide range of new opportunities across different sectors,” he added.

The 9th edition of AgriteQ & EnviroteQ, Qatar’s only and largest exhibition serving the agriculture, food production & environment sectors, will be held from March 10 to 14 in Doha Exhibition and Convention Center (DECC).

Finnovax, a summit on financial services innovation and excellence will be held on March 15.

Project Qatar, which is Qatar’s longest running and most comprehensive business platform for the construction industry, scheduled from June 6 to 9 in DECC.

Read more details in the full article:
https://thepeninsulaqatar.com/article/17/01/2022/mega-events-to-propel-qatars-growth-in-2022

If you need assistance in setting up and approaching the Qatar market or any other related company set up, restructuring, local partner or PRO support matter in Qatar, Abu Dhabi, Dubai, the wider UAE, Oman or KSA, then please contact us Venture Partner Qatar

Mega events to propel Qatar’s growth in 2022 If you thought this year to be less eventful period due to Omicron concerns, then think again. Event management companies have planned a strong lin...

Qatar’s economy to witness recovery in 2022

Qatar’s economy is expected to witness a robust recovery this year. Global organisations expect Qatar’s economy to grow by more than 2 percent in 2021, and by more than 3.5 percent in 2022, said the latest Qatar Economic Outlook Report 2021-2023.

“The consensus forecasts by a number of international institutions, organizations, and banks showed that the Qatari economy will undergo recovery during 2021 and 2022, with a predicted average growth rate of about 2.8 percent and 3.7 percent, respectively,” Dr. Saleh Al Nabit, President of the Planning and Statistics Authority in the report.

The Planning and Statistics Authority (PSA) released yesterday, Qatar’s Economic Outlook Report 2021-2023 – Issue No. 13 - in which it reviewed the developments of the national economy during 2017-2021.

“The preliminary results of the PSA’s forecasts for non-oil activities (non-hydrocarbon Gross Value Added) for the three scenarios indicate that it is likely to grow between 3 percent and 3.9 percent in 2021, and between 2.8 percent and 4.7 percent in 2022, driven by the expectations of booming activities related to hosting the 2022 FIFA World Cup,” said Dr. Saleh Al Nabit.

As a result of the optimistic forecasts for the stability of oil and gas prices during the period (2021-2023) for the three scenarios, it is likely that the public finances will achieve a surplus ranging between 1.9 percent and 3.6 percent of GDP, as well as it is expected that the current account of the balance of payments will achieve a surplus ranging between 5.8 percent and 11.5 percent of GDP during the same period and for the same scenarios.

Read more details in the full article:
https://thepeninsulaqatar.com/article/12/01/2022/qatars-economy-to-witness-recovery-in-2022

If you need assistance in setting up and approaching the Qatar market or any other related company set up, restructuring, local partner or PRO support matter in Qatar, Abu Dhabi, Dubai, the wider UAE, Oman or KSA, then please contact us Venture Partner Qatar

Qatar’s economy to witness recovery in 2022 Doha: Qatar s economy is expected to witness a robust recovery this year. Global organisations expect Qatar s economy to grow by more than 2 percent i...

Qatar Ministry of Interior (MoI) extends grace period to correct legal status of expatriates

The Ministry of Interior in Qatar has announced the extension of the grace period for those who are violating the provisions of Law No. (21) 2015 regulating the entry and exit of expatriates and their residence, to correct their legal status inside the country. This will allow expats more time to renew their visas, or get a new work visa.

The grace period has been extended to March 31, 2022. Previously it was to end on December 31, 2021.

Read more details in the full article:
https://thepeninsulaqatar.com/article/03/01/2022/moi-extends-grace-period-to-correct-their-legal-status

If you need assistance in setting up and approaching the Qatar market or any other related company set up, restructuring, local partner or PRO and Visa support matter in Qatar, Abu Dhabi, Dubai, the wider UAE, Oman or KSA, then please contact us Venture Partner Qatar

MoI extends grace period to correct their legal status Doha: The Ministry of Interior announced the extension of the grace period for those who are violating the provisions of Law No. (21) for the year 201...