Entrepreneurship in Qatar
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Transcript of Entrepreneurship in Qatar
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Qatar – The Entrepreneurial SpiritQatar – The Entrepreneurial Spirit
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Vision 2030
Dependent on export of natural resources2008
Knowledge based economy- Innovation- Education
- Entrepreneurship
2030
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Arab entrepreneurial wave
2009 2010 2011
26%
11%
9%
Arab respondents
Qatar respondents
24%
33%
%age of youth wanted to set up their own businesses
25%
Source: Silatech Qatar Report 2012
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What makes it favorable?
• Access to funds and knowledge– Qatar went up 32 places on “getting credit” indicator in World Bank
2012 Doing Business Report
• Paperwork and process is easy to start business– 8 places up on “starting a business” in World Bank 2012 Doing
Business Report
• No income tax and very less corporate taxes• Investible wealth availability
Source: Silatech Qatar Report 2012
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Secondary factors
Growing internet and mobile penetration