Interested in setting up a business in the Qatar Financial Centre (QFC)?

30/06/20

If you are interested in setting up a business in the Qatar Financial Centre (QFC), we can help.

Qatar has one of the fastest-growing economies in the world. Its location between east and west attracts companies from around the globe to set up or expand their business.

Although traditions are still an important component of the Qatari ethos, the country combines its authenticity with the twenty-first century spirit. Qatar is a great choice for living with its world-class schools and one of the top healthcare systems in the world.

Qatar’s economy has been ranked as one of the top economies in competitiveness, communications and innovation in the MENA region.

The Qatar Financial Centre (QFC) is one of the world’s leading and fastest growing onshore business and financial centres with a unique model that has allowed more than 500 foreign companies to set up and expand their business in Qatar since 2005.

The Qatar Financial Centre (QFC) aids in promoting Qatar as an attractive and open business destination for foreign investments, capitalising on all that the MENA region has to offer.

What are the advantages of setting up a business in the Qatar Financial Centre?

The QFC offers its own legal, regulatory, tax and business infrastructure, which includes:

• Legal environment based on English Common Law
• Up to 100% foreign ownership, 100% for greater control of your business
• Competitive Tax Environment that is aligned to international standards; 10% corporation tax on locally-sourced profits
• The ability to trade from anywhere in Qatar without currency restrictions
• A unique Administrative Employment Dispute Resolution Centre accredited by the International Labour Organization (ILO)
• 100% repatriation of profits, enabling tax-free returns and profit repatriation for shareholders

Requirements to set up a business in the QFC

In case of a legal entity in the Qatar Financial Centre, the applicant has to prepare and provide a fundamental business case for the proposed business, in order to obtain the Strategic Fit Approval, which can be compared with a pre-approval.

Should your activities fall under non-regulated activities, the application for a license is to be supported with:

(A) Documentary evidence of financial strength

(B) Documents showing the financial position and the projected income of the proposed business

(C) Internal organisation and reporting lines structure chart

(D) Professional indemnity insurance certificate or cover note

(E) Group structure chart, among other required documentation

We can guide and assist you through the whole process of setting up a business within the QFC.

Do you have any further enquiries?

You can submit any enquiry regarding The Qatar Financial Centre (QFC) and its offerings by contacting us using our online enquiry form.

Alternatively, you may give us a call on +974 5034 3737