Tuesday, May 14, 2019

Investment in Qatar

The Qatari economy is one of the strongest international and regional economies. Despite the obstacles and challenges it faces, it maintains balanced growth rates. The Qatari government is keen to provide a promising investment environment by creating an administrative and legal system that attracts GCC and foreign investments from non-Qatari investors. Legal regulations have been issued giving full ownership to foreigners by 100%, encouraging non-Qatari investors to implement investment projects in various sectors.

Qatar provides many investment incentives to foreign investors, such as exemption from income tax for a period of not more than 10 years, customs exemption for the equipment and machinery necessary for the establishment and operation of the project. All projects owned by foreign investors are not subject to the expropriation law. any time.

In order to establish a company in Qatar, all you have to do is fill out the required forms through the electronic services sites of the Ministry of Commerce and Industry of Qatar, taking one of the forms "Limited Liability Company - Public Shareholding Company - Private Joint Stock Company - Joint Stock Company - Simple recommendation "

Qatar allows an investor to register a company without a local partner except investing in "insurance companies - commercial agencies - banks" and any area under which a decision of the Council of Ministers is issued, and there is no minimum capital for investment.

A non-Qatari foreign investor must open an account with a bank located within Qatar,
Qatar has special industrial economic logistic zones. These areas are:

Ras Abu Fontas is an area of ​​4 km2 and is located near Hamad International Airport and is an ideal location for services and logistic activities.

Umm Al-Hol is the second most important logistics area in the country. It is located near the Mesaieed Industrial Zone and Hamad Port. The area of ​​sponsorship is the third of these logistics areas in Qatar. It is located halfway between Doha and Abu Samra port on the border with Saudi Arabia.

The Mesaieed Industrial Area is strategically located south of Doha. It is ideal for many industries such as petrochemicals, chemical fertilizers, primary building materials, workshops and oil refining.

Investment incentives for investors in Qatar.
  • The investor obtains land for lawful residence by rent or usufruct.
  • The income tax may be raised from the investor.
  • Possibility of transfer of investment property from foreign investor to any investor or assignment to a local partner whether there is a local partner.
  • A non-Qatari investor may apply for more than one activity in the same field as his existing project.

The Invest in Qatar Center at the Qatar Ministry of Commerce and Industry provides a service to answer questions and queries of non-Qatari investors and facilitates and expedites the procedures required for the investor to start his investment project.

Investment Finance in Qatar.
There are a lot of funding donors such as banks and private finance companies
The application submitted by the foreign investor shall be considered within a maximum period of fifteen days from the date of completion of all the required documents. The request shall be answered within the same period. In the case of non response during that period, the application shall be considered rejected. The investor may appeal against the rejection decision within a maximum period of five Ten days from the date of his knowledge of the rejection of the request, the Minister shall consider the grievance within a period of thirty days, and the expiry of the period without a decision on the investor's grievance shall be regarded as a rejection of the request.

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