Country overview

#128
Qatar

Country stats

Rating Points
50
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
0.9%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
0
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
24 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
30
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
Ban
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
Ban
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Safe place
The overall level of security in a given country based on open data.
Crypto Salaries
No regulation
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Qatar. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Qatar (1) is a state located in Western Asia. It has a population of 3 million people and an area of 11,500 km2.

Citizens of some countries can travel to Qatar (2) for tourism purposes without a visa. The rest need to apply for a visa, which will be valid for up to 30 days with the possibility of an extension. It is also possible to obtain an e-tourist visa for Qatar.

It’s possible to get residence permit in the form of work visa or investment program. For instance, if an investor will purchase real estate from $200,000, he can get a residence permit in the country. 

Permanent residency is issued only for foreigners living in Qatar (3) for at least 20 years, fluent in Arabic, and with a clear criminal record, to name a few of the requirements imposed. Plus, the authorities will ask for information about personal incomes to see if candidates can support their living, including family members.

Legal residents living in Qatar (4) for at least 25 years without interruptions of more than 2 consecutive months in one year can apply for Qatari citizenship. The process is quite complex for non-Qatari citizens, however, they can be good candidates for such a status. 

Security level
Crypto Payments

A country aims to go viral in the form of digital currency. However, cryptocurrency (8)  in Qatar transactions are not allowed in the country. The ban includes the conversion of fiat money to crypto, as well as crypto to crypto transactions.

Crypto Salaries

No regulation.

Legal

Cryptocurrency (9) is prohibited in Qatar. The Central Bank of Qatar has made trading Bitcoin illegal due to its volatility alleged potential for financial crime and lack of underlying assets. Officials cite the need to safeguard the financial system and ensure economic stability.

Taxation

The country has low tax rates tax rates (10). PIT - 0%. CIT - 10% (except for petrochemical/petroleum companies/operations, for which a minimum rate of 35% applies). 

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