The Qatar Financial Centre was established in 2005 with the aim of attracting international financial services and multinational corporations and developing the financial services industry. There are 15 banks operating in Qatar, including seven national banks, two of which operate in accordance with Islamic principles. The country benefits from excellent telecommunications.
Businesses are subject to tax on income arising from activities in Qatar and there is no personal income tax as such. Investment incentives are available to foreign investors participating in joint ventures with local participation. However, foreign trading organizations are not permitted to operate on their own behalf Non-Qataris are not permitted to participate in banking, insurance, commercial agency, or real estate trading activities.
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COUNTRY:
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QATAR
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Region:
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Middle East
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Currency:
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Riyal (QAR)
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Languages:
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Arabic
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Time Zone:
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UTC +3
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Phone Code:
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+974
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Communications:
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OK
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Formation Cost:
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3700 - 6100 USD$
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Formation Time:
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7 - 12 days
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Maintenance cost:
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1600 - 2400 USD$
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Suitable for:
- Insurance,
- Shipping,
- Aviation,
- Holding Companies,
- Property Ownership
Vehicle Types:
- Limited companies,
- public limited companies,
- branches,
- general partnerships,
- limited partnerships and joint ventures
Capital primary business districts:
Doha
Good Relationships:
Albania, Turkey
Bad Relationships:
Egypt, Israel, Kuwait
Tax Burden - Business:
Light
Tax Burden - Individual:
Very Light
Headline tax rates:
CIT 10%/35%, PIT 0%, VAT 0%
Treaty Jurisdictions:
Algeria, Armenia, Austria, Azerbaijan, Belarus, Bulgaria, China, Croatia, Cuba, Cyprus, France, Georgia, Greece, Hong Kong, Hungary, India, Indonesia, Iran, Ireland, Isle of Man, Italy, Jersey, Jordan, Korea, Republic of, Lebanon, Luxembourg, Macedonia, Malaysia, Malta, Mauritius, Mexico, Monaco, Morocco, Nepal, Netherlands, Norway, Pakistan, Panama, Philippines, Poland, Romania, Russia, Senegal, Serbia, Seychelles, Singapore, Slovenia, Sri Lanka, Switzerland, Syria, Tunisia, Turkey, United Kingdom, Venezuela, Vietnam, Yemen
TIEA Jurisdictions:
Cayman Islands, Denmark, Faroe Islands, Finland, Greenland, Iceland, Sweden
