In a move to strengthen its position as a regional business hub, Qatar is set to introduce a 10-year residency program for entrepreneurs and senior executives. The initiative aims to attract global talent and long-term investment to the country.
Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced the new residency option during the Web Summit Qatar. This initiative doubles the duration of the current five-year entrepreneur track, bringing Qatar’s residency standards in line with other Gulf Cooperation Council (GCC) nations.
Along with the residency update, the Qatar Investment Authority revealed plans to expand its venture capital program by $2 billion to further support the local startup ecosystem.
Expanding the Entrepreneur Framework
Qatar currently offers a five-year renewable residence permit. To qualify under the existing framework, entrepreneurs must meet several criteria:
- Endorsement: Secure approval from a recognized Qatari business incubator.
- Investment: A minimum investment of QAR 250,000 (approximately $68,671).
- Ownership: Maintain at least 20% ownership in the venture.
- Business Plan: Present a viable investment opportunity.
The upcoming 10-year residency is expected to build upon these requirements, though officials will issue further circulars to clarify specific documentation and eligible categories before the official launch.
Real Estate and Talent Pathways
The new entrepreneur program adds to Qatar’s existing residency options:
- Property Investment: Investors can obtain residency by purchasing real estate worth QAR 730,000 ($200,000) or more. Those investing over QAR 3.65 million ($1 million) may qualify for permanent residency cards.
- Global Talent: Specialized residency is available for experts in 13 designated fields, including scientific research, education, and the arts.
Aligning with the GCC
This expansion follows a regional trend across the Gulf. Neighbors such as the UAE, Saudi Arabia, Kuwait, and Oman have all introduced extended residency permits (often ranging from 5 to 15 years) to attract foreign professionals.
While these programs provide long-term stability for investors and their families, it is important to note that they do not currently offer a direct path to citizenship, which remains highly discretionary across the region.
Follow us on social media and website for more insights!
