Posted on March 30, 2019

The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, joined other high-level CEOs and business leaders at the Uludağ Economy Summit in Turkey, where they discussed key issues and opportunities governing the business and financial industries in the region.

The QFC was a strategic partner of the summit which is considered one of the most important business and economic meetings in Turkey. During the summit, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority delivered a keynote address that highlighted the significance and growth potential of Qatari-Turkish economic relations, and Qatar’s robust investment landscape. The QFC also hosted a high-level roundtable, which saw participation from senior executives and CEOs from around the world.

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said: “The historic, economic and political relations that exist between Turkey and Qatar have grown stronger with every passing year, and Turkish companies remain incredibly active and important players in Qatar’s economy. Turkey is also a strategic focus market for the QFC, and our recently announced New Emerging Belt initiative which forms an important part of our new strategy, reinforces the importance of the Turkish market, and with it, the potential for even more cooperation between our two nations.”

Al-Jaida added: “As one of the world’s leading onshore business and financial centres, the QFC offers an attractive platform for companies to grow and expand their businesses, coupled with a competitive tax regime and legal framework based on English common law. The QFC is therefore well positioned to act as a gateway for Turkish and international businesses looking to expand to the fast-growing Qatari market, as well as flourishing regional markets.”

The QFC is an onshore jurisdiction that allows registered companies to enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100% foreign ownership, 100% repatriation of profits, 10% corporate tax on locally sourced profits, and an extensive double taxation avoidance agreement network with 70+ countries.

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