The government is actively promoting Qatar as a regional centre for fintech, which will act as a catalyst to drive innovation and growth, making it the perfect time and place to join the FinTech revolution. Opportunities exist within digital payments, money management, lending and investments. As the world’s top LNG exporter, boasting one of the highest GDP’s per capita, Qatar continues to be one of the strongest economies in the world.
The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing business and financial centres and is helping shape the future of financial services in Qatar and the region. With up to 100% foreign ownership, a compelling tax environment, easy setup and untapped MENASA markets on your doorstep, it’s not surprising that many regulated and unregulated financial services firms have already chosen to establish a presence at QFC.
Qatar’s Islamic Finance sector ranked 46.31 compared to the global average of 10.45
In 2018, the Qatar Stock Exchange listed the world’s largest single-country Islamic exchange-traded fund
Total Assets under Management of private sector in Qatar are expected to increase to US$7.8B by 2020
The Qatari capital market ‘is the best and most important’ financial market in the Arab region and ‘one of the top 10’ in the world
Qatar ranked 1st in the Global Finance Safety Index in the Arab world, and 7th globally in 2019
All financial applications go through our Financial Sector Office (FSO) who will review your business case and proposed activities. If the FSO determine that your proposed activities fall within the permitted activities and are non-regulated, they facilitate and guide you through the standard QFC licensing and registration process.
Alternatively, if the FSO determine that your proposed activities fall within the Regulated Activities, which are defined in the QFC Financial Services Regulations (FSR), in which case, an authorisation must be obtained from the QFC Regulatory Authority (QFCRA) before proceeding with the rest of the application for the certificate of incorporation or registration which is issued by our Companies Registration Office.
The FSO will guide you through the authorization process and will intermediate with the QFC Regulatory Authority (QFCRA).
The QFC’s strategy focuses on financial services industries such as FinTech, Islamic Finance, Capital Markets and Asset Management. In addition to the multiple benefits of QFC mentioned below, financial services firms can additionally benefit from access to:
(1) Various locations onshore to set up your business as well as access to Qatar’s business community.
(2) One of the few countries in the Middle East to host a Renminbi clearing and settlement centre.
(3) QFC Netting Regulations.
One of the easiest places in MENA to establish and operate.
Up to 100% foreign ownership in an onshore environment.
Legal system based on English common law.
Competitive tax environment.
A business community of a broad range of regulated and non-regulated firms.
100% repatriation of profits.
Establish your business in one of our premium locations.
Access Qatar's pool of skilled workforce.
Director of Economic Policy R&D, QFC (previously)
Wim De Waele
CEO & Managing Partner, B-Hive Europe
Sheikh Hamad M K Al Thani
VP Investment, Qatar Insurance Company (QIC)
Henk Jan Hoogendoorn, Managing Director of our Financial Sector
Andrew Dahdal, Section Head, Economic Diversification at Qatar University and Douglas Arner, Professor in Law at The University of Hong Kong
Dr. Giovanni Bandi
Director, Investment Manager, QFCRA