The economy in Qatar has witnessed a significant boom driven by growing investment into the country from foreign companies and the continuous involvement of the state on an international scale. Qatar is said to be on the verge of an even bigger boom with the milestones of the 2022 FIFA World Cup and Qatar National Vision 2030 in the coming years...
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...
Many businesses coming to Qatar assume that a key issue they will face is taxation. Therefore, they are initially focused on structuring to ensure tax-efficient profit repatriation and to avoid the usual range of tax issues such as thin capitalisation. The standard approach to operating in Qatar by registering a branch or forming a local limited...
In a world of increasing regulatory scrutiny, the need for effective corporate measures to mitigate the risk of fraud is more important than ever. Although companies in Qatar may be better insulated than some from the effects of economic troubles, businesses should still consider their fraud risks.
The Qatar Financial Centre (QFC) was established in 2005 in order to attract international financial institutions and multinational corporations to establish businesses in international banking, financial services, insurance, corporate head office functions and related services. The QFC has two authorities, the QFC Authority (QFCA) and the QFC...
One of Doha’s more visible efforts to enhance its reputation as a hub for media and entertainment was, until recently, the Doha Tribeca Film Festival (DTTF). Established in 2009 as a vehicle to promote Arab and international films, the festival was staged in partnership with Tribeca Enterprises, the New York-based global media company founded by...
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