The Qatar Financial Centre (QFC), established in 2005, is an onshore business and financial hub located in Doha, Qatar. It offers a platform for both local and international companies to operate within Qatar and the broader region. The QFC provides its own legal, regulatory, tax, and business environment, facilitating a streamlined process for businesses seeking to establish a presence in the Middle East.
Key Features of the QFC:
Legal and Regulatory Framework: The QFC operates under a legal system based on English common law, distinct from Qatar’s civil law system. This framework is designed to align with international best practices, ensuring transparency and efficiency for businesses.
- Tax Advantages: Businesses registered under the QFC benefit from a competitive tax regime, including a standard corporate tax rate of 10% on locally sourced profits. Additionally, the QFC allows for 100% foreign ownership and full repatriation of profits, making it an attractive destination for international investors.
- Diverse Business Activities: The QFC licenses a wide range of business activities, encompassing both financial and non-financial services. Financial services include banking, asset management, insurance, and investment advisory. Non-financial services cover sectors such as professional services, consulting, and media.
- Strategic Location: Situated in Doha, the QFC serves as a gateway for businesses aiming to access markets in the Middle East, North Africa, and beyond. Its strategic location positions it as a central hub for trade and investment activities in the region.
The QFC is committed to contributing to Qatar’s economic diversification efforts, aligning with the objectives outlined in the Qatar National Vision 2030. By providing a conducive environment for businesses to thrive, the QFC plays a pivotal role in attracting foreign investment and fostering sustainable economic growth in Qatar.
QFC Tower 1
Opposite to City Centre Mall, West Bay, Doha, Qatar