Posted on May 03, 2019

The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing onshore business and financial centres, participated in the 16th edition of Project Qatar, the country’s biggest international construction exhibition and trade show, with 34 countries represented.

Representatives from the public and private sectors around the world took part in the conference, including Ambassadors from Italy, Turkey, Germany and other countries. Sheikha Alanoud bint Hamad Al Thani, Managing Director of Business Development, QFC, delivered a presentation titled ‘Facilitating Procedures for Foreign Investors within the Qatari Market’ to an audience of leading local and international business leaders during the Project Qatar Conference 2019, which runs concurrent to the exhibition.

QFC engages business leaders 3 [].jpgSheikha Alanoud bint Hamad Al Thani, Managing Director of Business Development, QFC, said: “The QFC is always working closely to engage with local and international stakeholders and Project Qatar 2019 provided an excellent platform to do so. Qatar’s economy and various industries are experiencing unprecedented growth and conferences such as these offer businesses a chance to learn more about the many opportunities that await in the Qatari market.” Sheikha Alanoud added: “The QFC is currently home to over 668 national and international firms that operate across a wide variety of sectors. I am confident that a growing number of firms will continue to be drawn to the QFC proposition, given that it offers a truly unique platform to not only do business in Qatar, but to also expand beyond.”

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 81 countries.