Working as an Expat in Qatar
Doha translates literally as “the big tree” and is the capital city of the state of Qatar. Located on the Persian Gulf, it had a population of slightly over 1 million, though this figure is growing at a rapid pace.
Doha, Qatar’s capital and largest city, with over 80% of the nation’s population residing within the city or its surrounding suburbs, it is also the economic and cultural center of the country.
The city of Doha held the 2006 Asian Games, which was the largest Asian Games ever held and has just been selected to host the FIFA 2022 World Cup. The city will be investing about US$ 80 billion to develop its infrastructure, build hotels and sport equipment in order to be ready for this worldwide exposure event.
Qatar Work Visa and Residency Permit
To work in Qatar, it is compulsory to be in possession of a valid Qatar business work visa
. As in most Gulf States the employer will also most likely be the “sponsor”.
The employer in Qatar arranges for the work visa and residence permit to be processed. Before a visa is approved it has to be reviewed by the Ministry of Interior.
In order to procure required permits for working and doing business in Qatar, the sponsoring company must hire a public relation officer (PRO) eligible to submit application and collect issued permits from the immigration authorities.
Documents Needed for a Qatar Business Visa:
- Copy of passport
- Sponsor location(company’s address)
- Name of sending company
- Name of receiving company
- Job title and job description
- Duration of the assignment, arrival date and start date
- If there are family members: nationality, age, planned arrival date, foreigner’s salary amount
- Contact details of all parties involved
Banking in Qatar
Banks in Qatar are extremely well financed, secure and regulated.
Opening a bank account is a fairly simple process.
Documents you will need to provide include:
· A reference letter from your employer, stating your salary and their approval for you to open an account. In some instances, opening an account with your employer’s bank can make the application process simpler.
· Passport (plus copies).
· Residency permit (if applicable).
With your account approved, the bank will give you a letter for your employer in which to receive your salary. It is worth noting that changing banks at a later date may be difficult, as your existing bank would be required to authorize this.
Banks are open from 7.30am to 1pm (Sunday to Thursday), but a number of banks also open in the afternoon and on Saturday mornings.
Opening a bank account before you arrive in Qatar
An alternative to a domestic bank account in Qatar is an international account. In addition to giving you access to a wide range of international banking services, you will also benefit from a range of other services and banking facilities. These services include tax efficient offshore account options, online banking and a debit card available in major currencies.
An international account can be used by clients living or working in Qatar,
provides a convenient and secure way to manage your finances, and is ideal when travelling between international locations.
There are three main types of accounts used for everyday banking and savings in Qatar:
Current account – General account for everyday banking. Current accounts generally have no monthly fees so long as a minimum balance is maintained (around 3,000 QAR or £525 GBP)
Savings account – Savings accounts typically require a minimum balance of around 5,000 QAR (£875 GBP) to be maintained. Has a higher interest rate than a current account, but access to funds may be limited.
Fixed-deposit account – Interest rates offered are typically higher than both current and savings accounts. This is only for long-term deposits with limited or no access to funds until the account matures, the minimum account balances can be around 20,000 QAR (£3,500 GBP)
We at QShield can help you
navigate through the various requirements and provide you with the assistance needed to close all the formalities on time.