Bikash Prasai and Anu Prasai are one of the most successful Nepali business couples in Qatar. The humble couple landed in Doha in 2006, and started working in the Account and Marketing sections in Crystal Company and Solar Qatar Company, respectively. Two years later, Bikash had left his company and started his own business – […]

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Value Added Tax (VAT) hitting Qatar soon!

  • internetQatar
  • March 28, 2017
  • 3 min read

Possibility of implementing Value Added Tax (VAT) in Qatar from as early as January 1, 2018, a senior finance professional said. The starting rate for VAT is likely to be 5% and if a similar pattern is followed as with other countries that have implemented VAT the rate will increase over time, he said. As […]

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NRI's can now deposit the old ₹ 500 and ₹ 1,000

  • internetQatar
  • January 4, 2017
  • 3 min read

NRI’s are now permitted by Reserve Bank of India (RBI) to deposit the old ₹ 500 and ₹ 1,000 notes. (internetQatar.com) NRIs who were not present in India during November 9 – December 30, 2016 and who have also not deposited the Specified Bank Notes of ₹ 500 and ₹ 1,000 (hereinafter referred to as […]

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Qatar ministry issues license for small business from home

  • internetQatar
  • December 11, 2016
  • 2 min read

The Ministry of Economy and Commerce (MEC) has decided to issue licenses for QR. 1,020 per annum for practicing commercial activities at homes, as part of the ministry’s initiative to encourage small businesses and self-employment. The new measure is part of the ministry’s Decision No 242 for 2016 to promote low cost commercial activities, which […]

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New law to permit non-Qataris’ total investment in projects The Cabinet gave its nod to the draft law on non-Qatari capital investment in economic activity at its regular weekly meeting Non-Qataris may invest up to 100% of the project capital in all sectors of the national economy provided they have a Qatari services agent, according […]

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Reinsurance prices to go up next year: QFCA

  • internetQatar
  • October 4, 2016
  • 2 min read

The Middle East and North Africa (Mena) reinsurance sector is poised to harden over the next one year as prices and premiums are slated to grow faster, according to Qatar Financial Center Authority (QFCA). Moreover, reinsurance premiums are also expected to outpace the region’s gross domestic product, said the QFCA’s Mena Reinsurance Barometer, which was […]

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Commercial Bank launches membership club for minors

  • internetQatar
  • October 4, 2016
  • 2 min read

Commercial Bank has introduced a “first in Qatar” concept that provides advantages to parents and their children. The Young Elite Savers Club, open to both Qatari and expatriates minors aged 17 years and below, comes with a wide range of benefits, VIP experiences and privileges for members, while teaching them the value of saving, according […]

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Qatar: Reduction in the rents

  • internetQatar
  • October 2, 2016
  • 1 min read

Close on the heels of a government-backed real estate development announcing reduction in the rents of some of their commercial properties, requests for such cuts have been aired by retail establishments elsewhere in Doha. Those seeking reduction in rents say they are facing a slowdown in business and hence deserve a big slash in the […]

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