Middle East. One of the richest countries in the world, thanks to its oil and gas reserves, has announced the start of Qatar Entrepreneur Residency Program
This Middle Eastern state is ready to issue five-year residency permits to highly qualified professionals and entrepreneurs. Moreover, businessmen will have to submit an original business plan for implementation in Qatar. And then get approval from a local business incubator, for example, Qatar Science & Technology Park or Qatar Fintech Hub. It is stated that the amount of investment from the candidate in his own project must be at least QAR 250,000 (about US$68,671).
But qualified specialists should not make investments. They may provide a contract of employment with a Qatari company or a formal job offer.
But it is necessary to comply in the field of activity with 13 areas declared by the authorities, such as sports, education, scientific research, innovation and art.
And also show the presence of the required minimum capital (about US$10,000) to cover all expenses while completing the immigration process. Conveniently, the process can be started online through a special government website. Application fees for the Qatar Entrepreneur Residency Program are approximately US$1,100 for qualified professionals and approximately US$1,380 for entrepreneurs.
Note that the Qatar Entrepreneur Residency Program is probably inspired by the success of its neighbors in the region with their UAE Golden Visa. The program has become one of the most successful in the world, issuing 152,000 visas since 2019.
