Posted on December 11, 2018

The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, participated in Going Global Live and Foreign Direct Investment Expo, which was held at the ExCeL London Exhibition Centre in the United Kingdom.

Going Global Live is considered one of the top European events for businesses looking to expand or set up overseas and brings together industry professionals to provide insight on conducting business internationally. The event is further complemented by the Foreign Direct Investment Expo which offers a platform for expert guidance on relocating or expanding to markets offering the most attractive benefits, incentives and conditions. The QFC was one of the main sponsors of the event, which welcomed thousands of visitors comprised of top decision makers from well-established businesses looking to expand internationally. Over the course of the two-day event, the QFC conducted a seminar entitled ‘Expanding Your Business to Qatar’ and offered numerous master classes that focused on the thriving Qatari market and the QFC’s unique legal, regulatory, tax and business infrastructure.

Sheikha Alanoud Bint Hamad Al-Thani, Managing Director of Business Development, QFC Authority said: “Qatar boasts one of the strongest and fastest growing economies in the MENA region, and the Qatar Financial Centre (QFC) provides the ideal platform for businesses looking for a strong foothold in the region.” Alanoud added: “Our participation in this year’s Going Global Live and Foreign Direct Investment Expo was an excellent opportunity to connect with companies interested in exploring Qatar as a lucrative business destination and the QFC’s world-class legal, regulatory, tax and business infrastructure that facilitates business growth in Qatar and beyond.”

The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar. QFC firms 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 tax treaty agreement network with 70+ countries.

In addition, the independent Employment Standards Office of the QFC embodies a unique Administrative Employment Dispute Resolution Centre accredited by the International Labour Organization (ILO), providing conciliation and adjudication services free of charge to help resolve workplace conflicts. The ESO is fully aligned with the Qatar National Vision 2030 and aspires to promote international best practices in the field of human capital.

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