The government of Qatar announced that investors could
apply for the residence permit for the first time, according
to the Gulf Times.
The necessary amount of investment for the residence permit is
not precise yet, the foreigners must invest "an unspecified
level Non-Qatari capital in the economy", according to the
AFP news agency. The successful applicants will obtain a
renewable residency permit for five years.
Under the new law, foreign real estate developers may also apply
for the resident status. Before, the investors who applied for the
residency of Qatar had to be sponsored by a local business or
individual to qualify.
The political turmoils in the Gulf region changed the economic
policies of the country. The world's largest liquefied natural
gas exporter reformed its legal system to secure new revenues for
the country. For example, the legislation changed in the first
month of 2018, so foreign investors can have 100 per cent ownership
in most sectors
