Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, issued a law regulating the investment of non-Qatari capital in economic activity, which allows foreign ownership of projects by 100 percent.
The law aims at boosting the economic development, attracting foreign investments in all economic and commercial activities, gathering foreign capital, achieving the economic diversification in line with QNV 2030, and raising the country's confidence and investment safety index.
Under the draft law, foreign investment will be opened by 100% ownership in various sectors and support for the entry of capital into the Qatari market through the provision of several incentives, the most important of which is the allocation of land to non-Qatari investors to set up their projects, in addition to the possibility of exemption from taxes and customs duties, freedom of investments’ transfer inside and outside the country. According to observers, this draft law is also considered an important step in facilitating the procedures for registering companies.
Source: (Al-Araby Al-Jadeed Newspaper, Edited)
