RULES OF THE GAME
In keeping with the goals enunciated in its National Vision 2030, Qatar has worked to shift its economic and developmental focus away from a reliance on oil and gas by promoting a policy of economic diversification. Emma Higham, Senior Associate, Corporate and Commercial, Clyde & Co, gives us an overview of the rules and regulations that a foreign investor should be familiar with when doing business in Qatar, which differ from the rules for GCC investors.
ecognising that the participation of foreign investors is an integral part of the successful realisation of this policy, Qatar continues to implement new legislation aimed at liberalising the business environment for such investors, and introducing incentives and exemptions that supplement the countryâ€™s already considerable investment appeal.
2. Which business medium?
The principal piece of legislation governing foreign investment into Qatar is the Foreign Investment Law. Other material legislation includes the Commercial Companies Law, the Ministerial Decision regarding the Organisation of Commercial Representative Offices, the Commercial Agencies Law, the Proxy Law and the Tax Law.
A foreign investor can chose between various business mediums, including Company, Branch, Commercial Agency, and Commercial Representative Office.
Company A foreign investor will usually apply to register a company with the Ministry of Business & Trade (MBT). The forms of corporate vehicle that are most likely to be of interest
English version - February 2012