QFC Business Setup Program: Seamless Market Entry into Qatar

Doha, Qatar - The Qatar Financial Centre (QFC) in Doha stands as a premier onshore business and financial hub, offering a conducive environment for both local and international companies aiming to establish or expand their presence in Qatar and the broader Middle East region through its streamlined “Start Your Setup” business program.

What QFC Offers

QFC provides a robust platform for businesses, characterized by:

• 100% Foreign Ownership: Companies can be entirely foreign-owned, eliminating the need for a local partner. 
• Full Repatriation of Profits: Businesses can repatriate all profits without restrictions. 
• Competitive Tax Regime: A flat 10% corporate tax is levied only on locally sourced profits, with no personal income tax. 
• Independent Legal Framework: Operating under English common law principles, QFC offers a familiar legal environment for international businesses. 
• Strategic Location: Situated at the crossroads of East and West, Qatar provides access to markets in Africa, Asia, and the Middle East. 

Application Process

Setting up a business in QFC involves a streamlined three-step process:

1. Expression of Interest: Submit the 'Start Your Setup' form to indicate your interest in establishing a company under QFC.
2. Application Submission: If your proposed business activities align with QFC's permitted activities, you will receive access to the QFC portal to complete the online application for registration and licensing. 
3. Licensing and Registration: Upon approval, you will receive your licensing and registration certificates, along with the scope of your license and a licensing letter. 

Post-Registration Requirements

After successful registration, businesses must:

• Establish a Physical Presence: Secure office space within QFC-approved premises. 
• Obtain a Computer Card: This facilitates immigration processes and bank account setup. 
• Complete Tax Registration: Register for tax purposes and obtain a tax card within 10 days. 
• Comply with Regulatory Requirements: Submit annual financial statements, tax returns, and beneficial ownership information as mandated. 

Permitted Activities and Sectors

QFC licenses a range of activities across various sectors, including:

• Financial Services: Banking, asset management, insurance, Islamic finance, and alternative finance. 
• Professional and Business Services: Consulting, legal services, and corporate solutions. 
• Digital and Media: IT services, digital marketing, and media production.
• Sports and Tourism: Event management, sports consultancy, and tourism-related services. 
• Legal Structures Available

Businesses can choose from various legal structures within QFC, such as:

• Limited Liability Companies (LLCs): Suitable for a wide range of business activities.
• Branches: For foreign companies looking to establish a presence without incorporating a separate entity. 
• Special Purpose Companies (SPCs): Ideal for specific projects or asset holding. 
• Holding Companies: For managing group structures and investments.