Underwriters
The Ministry of Commerce and Industry is responsible for overseeing commercial and industrial activities for the State of Qatar and directing these activities in accordance with the requirements of national development. The Ministry’s mandate includes business development, contributing to attracting investments, as well as supporting and developing exports. Other responsibilities are developing methods and procedures for providing public services to the business and investment sector, regulating the practice of trade professions, registering commercial and investment establishments, issuing the necessary licenses to carry out their activities, and supervising the regulation and control of markets in its area of competence. The Ministry is additionally responsible for taking the necessary measures to protect consumers, combat commercial fraud, safeguard competition, and prevent monopolistic practices, as well as protect intellectual property rights. Moreover, the Ministry seeks to devise general policies to promote industrialization and national industries, developing and exploiting its existing industrial zones, and proposing the establishment of new ones.
The Investment Promotion Agency Qatar (IPA Qatar) oversees investment promotion activities under the Invest Qatar brand and acts as the country’s umbrella organization for FDI attraction. Through its vast resources and close coordination with Qatari licensing platforms, IPA Qatar helps businesses advance their ambitions and achieve long-term success by delivering the support, advice, and expertise needed. IPA Qatar’s goal is to showcase Qatar as an exceptional investment destination, connecting international investors to lucrative business opportunities, while bringing progress to the country’s economic development and diversification goals across sectors and geographies.
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, established by Law No. 7 of 2005 of the State of Qatar. A world-class platform for companies, QFC offers its own legal, regulatory, tax and business environment, contributing to the decisive economic development and diversification prescribed by Qatar National Vision 2030.
Supported by QFC’s broad range of legal and regulatory services, regulated and non-regulated, that align with international best practice, domestic and international companies can set up or expand their business in Qatar.
QFC allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally-sourced profits, all while integrating businesses into Qatar’s swift expansion into a major trade and investment centre.
QFC is governed by the following four independent bodies. Its business-friendly ecosystem operates in line with international best practice to ensure clients receive optimal operational, regulatory, and judicial support.
Media City in Qatar was established by Amiri Decree No. (13) issued in 2019 to drive the growth and development of the media industry in the country and become an international hub for businesses, organizations and entrepreneurs with a focus on traditional and digital media, technology, communications, research and development. For more information or media inquiries, you may contact: marketing@mediacity.qa.