A company must have a legal presence in Qatar to conduct business in the country. This may be by virtue of a company, branch office, trade representative office or agency relationship. Incorporating a company is usually the most suitable approach if the foreign investor intends to have a long-term presence in Qatar. The type of company to be...
Buoyed by strategic government investment and a stable business environment, Qatar is perhaps the fastestgrowing construction and infrastructure market in the GCC. For example, it is estimated that Qatar’s infrastructure spend alone will reach $150bn over the next decade through investments in roads, railways, stadiums, hotels, a deep-water...
The current tax rules in Qatar are governed by Law No. 21 of 2009, which came into force with effect from January 1, 2010. The executive regulations, effective from July 1, 2011, contain the detailed rules related to the administration of the tax regime. The Public Revenues and Taxes Department (PRTD) also issues circulars from time to time to...
This has been another turbulent year for the region, with the dramatic decline in oil prices and continued geopolitical instability on the GCC’s borders. Making predictions on oil prices can often be a fool’s errand. As recently as November 2014, the consensus price for the end of 2015 was around $95-100 per barrel, and I am sure many of us...
The Qatar Financial Centre (QFC) was established in 2005 with the ambitious aim to attract financial institutions and multinationals to establish businesses in international banking, financial services, insurance, corporate head office functions and related services. Consistent with Qatar’s drive to diversify its economy, the QFC has now...
For years, there have been three tax regimes in Qatar in which foreign investors could operate: the state of Qatar, the Qatar Financial Centre (QFC), and the Qatar Science and Technology Park (QSTP). Historically, most foreign investors have set up in the state, but recent changes are encouraging investors to reconsider.
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