Qatar Financial Centre (QFC)

Qatar Financial Centre (QFC)

The Qatar Financial Centre (QFC) is a premier onshore business and financial hub located in Doha, Qatar. Established under Law No. 7 of 2005, QFC serves as a vital platform for businesses to thrive in Qatar's fast-growing economy. This innovative centre plays a crucial role in advancing the objectives of Qatar National Vision 2030, which focuses on economic diversification and sustainable development.

For entrepreneurs and businesses aiming to establish or expand operations in Qatar, the QFC offers unparalleled benefits. Partnering with experienced consultants like Al Ashraf Group ensures a seamless and efficient setup process within this world-class environment.

What Is 100% Ownership in Qatar?

Traditionally, foreign investors in Qatar needed to partner with a Qatari national or entity. However, recent changes in Qatari laws allow 100% foreign ownership in a wide range of industries, eliminating the mandatory need for a local partner in many sectors. This is highly beneficial for companies looking to maintain full control over their operations and strategic decisions. 100% ownership is permitted in sectors like technology, logistics, manufacturing, healthcare, and education.

Why Choose QFC?

The QFC provides a business-friendly ecosystem that aligns with international standards, offering regulated and non-regulated legal services. The advantages include:

• 100% Foreign Ownership: Investors can fully own their businesses without a local partner, fostering autonomy and control.

• 100% Repatriation of Profits: Businesses can transfer profits abroad without restrictions.

• Competitive Corporate Tax: A 10% tax rate on locally-sourced profits makes QFC one of the most tax-friendly jurisdictions in the region.

• Global Integration: Businesses benefit from being part of Qatar's strategic transformation into a global trade hub.

QFC's Governance and Support Framework

The QFC operates under four independent bodies that ensure businesses receive optimal support:

• The QFC Authority: Manages licensing and operational processes.

• The Regulatory Authority: Supervises and ensures compliance with financial regulations.

• The Tax Department: Administers tax policies, offering clarity for businesses.

• The QFC Civil and Commercial Court: Provides dispute resolution in line with global legal standards.

Al Ashraf Group: Your Trusted Partner in QFC Setup

Navigating the complexities of setting up a business in Qatar can be challenging. With expertise in company formation and regulatory compliance, Al Ashraf Group ensures a hassle-free experience for clients establishing their presence in the QFC. Our services include:

• End-to-End Business Registration

• Regulatory Guidance

• Tailored Advisory Solutions

• Comprehensive Support (visas, banking, and operational setup)

Unlock Qatar's Potential with Al Ashraf Group

Establishing your company in the QFC opens doors to vast opportunities. By choosing Al Ashraf Group as your advisors, you gain a partner dedicated to your success. Let us help you turn your business aspirations into reality.