Posted on October 09, 2019

The Qatar Financial Centre, one of the world’s leading and fastest growing onshore business and financial centres, will host the second annual Qatar Business Awards on November 27th, 2019, following the success of last year’s inaugural edition. 

The 2019 Qatar Business Awards is open to organisations that uphold a commitment to providing exceptional business services and innovation to their customers, partners, suppliers, as well as employees. This year’s categories will include ‘Best performing company of the year’, ‘Best employer of the year’, ‘Best non-profit of the year’, ‘Most innovative company of the year’, ‘New business of the year’, ‘Best law firm of the year’, ‘Corporate social responsibility programme of the year’, ‘Best local partner of the year’, and ‘Best customer service platform of the year’.

Raed Al-Emadi, Chief Commercial Officer, QFC said: “The QFC is proud to host the second edition of Qatar Business Awards to recognise the success and achievements of outstanding businesses. By recognising the key role that QFC firms play in the local market , we are confident that the 2019 edition will offer a more inclusive platform for businesses to connect, inspire one another, and collectively celebrate their achievements as Qatar continues to build and diversify its growing economy.” Al-Emadi added: “The QFC business community continues to grow year after year and has now exceeded 720 companies from around the world. This continued success is bolstered by the thriving Qatar market as a whole and as such, fostering partnerships and collaborations between companies is one of the goals of this year’s Awards.”

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.