FINANCIAL CENTER LICENSE
Qatar Financial Centre License: what is it and how QCF can help you?
Doha is home to the Qatar Financial Centre, a corporate and financial powerhouse. QFC, which was founded in 2005, provides a legal and business foundation for financial services.
The major goal of founding QFC was to boost growth and diversification in Qatar’s economy while also providing an appealing platform for enterprises to incorporate their businesses in Qatar and the region. It was established initially to give local and foreign enterprises the chance to build and supply a wide variety of financial services linked to the banking, asset management, and insurance industries.
Now the Qatar Financial Centre Authority (QFCA) has broadened the scope of its permissible operations to include non-financial regulated businesses. This allows us at QCF Global Services to assist you with company formation in QFCs and help you reap the full profits of your prosperous business growth.
Activities permitted in QFC (Qatar Financial Centre License)
Qatar Financial Centre is situated in the affluent sector of Doha. This is a reputable and trustworthy platform for businesses to incorporate and operate on Qatari soil. By incorporating your company with Qatar Financial Centre, you get significant commercial and economic benefits. QFC provides you with excellent business infrastructure as well as other important benefits in terms of legal, tax, and regulatory problems.
QFC allows foreign business owners and investors to get 100% ownership of firms, as well as 100% profit repatriation.
The following services are presently authorized at the Qatar Financial Centre:
- Banking
- Asset Management
- Insurance/Reinsurance
- Captives
- Islamic finance
- Investment advise and services
- Brokerage
In QFC, the following activities are classified as non-regulated:
- Professional, corporate, and commercial services
- Headquarters of the company, managerial offices, and treasury functions
- Companies with specialized functions
- Corporations that hold assets
- Trusts and trust-related services
- Single-family businesses
The benefits of starting a business in QFC
- The centre provides its own legal, regulatory, tax, and business infrastructure, allowing for 100% foreign ownership.
- Earnings and income can be repatriated indefinitely, and there is a 10% corporate tax on profits derived domestically.
- The economic zone operates in approximately 50 places across Doha, with no limits on the currency in which businesses may deal.
Why choose QFC (Qatar Financial Centre License)?
QCF Global is a platform that will assist you in establishing your business in Qatar. We help you through the establishment of your firm, with your business objectives at the forefront of our operations.
Our consultants in Qatar will provide you with practical answers to your company formation in Qatar
and documentation needs, as well as an in-depth understanding of Qatar business incorporation regulations. Contact us right away, even if all you need is friendly advice.
How can you start a business in QFC (Qatar Financial Centre License)?
The process of establishing a firm in the Qatar Financial Centre is simple and uncomplicated. After submitting your application, the procedure of registering, acquiring a licence, and starting operations is simple.
The following are the procedures to register your firm in QFC for a non-regulated activity:
STEP 1
If an applicant plans to engage in non-regulated activities, they must apply for a licence from QFCRA by completing the proper form, which is easily accessible on the QFC’s official website.
STEP 2
The form requests general information that establishes the applicant’s identity and prospective business operations, as well as the applicant’s general history.
STEP 3
The completed form must then be sent to the QFC Regulatory Authority, which will handle the initial processing of the application on the QFCRA’s behalf.
STEP 4
Following that, the application will be assessed to determine the nature of the activity for which the license is being sought and if the applicant is qualified to be given the license.
STEP 5
To get a license to conduct non-regulated operations in the QFC, the applicant must also apply to the Companies Registration Office (CRO) to establish a presence in the Qatar Financial Authority, either by incorporation as an LLP, LLC, or by registering a branch office.
