Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, successfully organised a line-up of engaging virtual events spanning across three days including the 2020 Annual General Meeting (AGM) of the World Alliance of International Financial Centers (WAIFC). The diverse engagements witnessed a record attendance of over 1,000 attendees in addition to the participation of all 17 International Financial Centres members.
Marking the first time ever Qatar hosted the WAIFC AGM, the full-fledged comprehensive programme consisted of three webinars and a forum, which showcased Qatar’s strategic role in driving economic recovery post COVID-19 in the region and beyond. It also leveraged the country’s state-of-the-art technology eco-system and the QFC’s innovative digital landscape, which provided a dynamic platform to senior officials and high-level experts from over 25 countries to engage in thought-provoking discussions.
Hosting this event virtually enabled us to overcome the current global travel restrictions and provided participants with an optimum networking and engaging digital experience.
Sarah Al-Dorani, Chief Marketing Officer, QFC
A ‘WAIFC Technology and Innovation Forum’ focused on technology and digital innovation as catalysts to economic recovery was also hosted by the QFC in collaboration with Moscow International Financial Centre and the WAIFC. The forum gave the floor to senior representatives of the international financial centres and renowned experts who engaged in informative and thought-provoking discussions.
They also shed light on the criticality of cross-industry collaborations and innovative technology-based solutions in addressing the challenges post COVID-19 and the role of their organisations in this regard.
The forum was joined by QFC CEO alongside:
It also tackled the benefits and implications of CBDC on the global economy.
The discussion was led by:
Vice President-Financial Services Asia Market
Financial Sector Office, QFC
Head of the Oversight Division
European Central Bank
Kerry Holdings Professor in Law and Expert on Financial Regulation
University of Hong Kong;
Head Strategic Regulatory & Sustainability Services, Legal
Managing Director, WAIFC.
The QFC, which joined WAIFC in August 2019 in an effort to work with international financial centres to further promote sustainable business growth globally and facilitate greater cooperation and exchange of best practices with WAIFC members, 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.