Qatar is set to introduce a 10-year residency programme for entrepreneurs and senior executives, Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced, according to Reuters. The initiative aims to attract skilled professionals and investors as the country seeks to boost business growth and diversify its economy.
The move aligns Qatar with Saudi Arabia and the United Arab Emirates, both of which have recently launched long-term residency options to draw international talent and investment.
In addition to the residency plan, the Qatar Investment Authority will expand its venture capital programme by $2 billion. This builds on the existing $1 billion “Fund of Funds” initiative, which supports venture capital firms, encourages entrepreneurship, and reduces the economy’s dependence on gas revenues.
Together, the new residency scheme and increased investment funding highlight Qatar’s efforts to become a more attractive hub for business leaders and startups in the region.
