The Qatar Financial Centre (QFC)
What is the Qatar Financial Centre?
The QFC offers competitive benefits, such as working within a legal environment based on English common law, trading in any currency, up to 100% foreign ownership, 100% repatriation of profits, 10% corporate tax on locally sourced profits, and double taxation avoidance agreements with 81 countries.
The QFC’s unique platform allows firms to do business in Qatar and the region and has attracted a business community of over 730 firms from around the world that operate in a variety of sectors. This has created a community of over 3500 people, with a total AuM of over US$20 billion.
Qatar offers an unsaturated market bursting with billion-dollar opportunities, and growth in manufacturing, construction, and financial services has lifted the contribution of the non-oil sectors to over half of Qatar’s nominal GDP.