On February 17, 2025, the Qatar Financial Centre (QFC) announced a groundbreaking reduction in business set-up application fees, slashing costs by a remarkable 90%. The new fee structure brings the application cost down to just $500 from the previous $5,000, making it significantly more accessible for entrepreneurs and companies looking to establish a presence in Qatar.
This initiative is designed to streamline the set-up process for startups, small and medium-sized enterprises (SMEs), and international companies seeking to enter the Qatari market. By significantly lowering the financial barrier to entry, QFC aims to attract a diverse range of businesses, fostering a vibrant economic landscape in the region.
The reduced fees apply to all non-regulated businesses, with the exception of Single Family Offices. This move underscores QFC’s commitment to supporting business growth and enhancing Qatar’s appeal as a business hub.
Key benefits of setting up through QFC include:
- 100% Foreign Ownership: Businesses can enjoy full ownership, allowing for greater control and flexibility.
- Onshore Jurisdiction: Companies can operate within a reputable legal framework, promoting transparency and security.
- Common Law Frameworks: This familiar legal system helps ease the transition for international businesses.
- Tax Benefits: Companies can take advantage of favorable tax conditions, enhancing profitability.
- Quick Incorporation: The streamlined process ensures businesses can be up and running in minimal time.
This fee reduction marks a significant step toward making Qatar a more attractive destination for global investment and entrepreneurship. The QFC continues to innovate and adapt its policies to support business growth, reinforcing its position as a key player in the region’s economic development.
For more information on the application process and to take advantage of these new fees, visit the Qatar Financial Centre website.
Source: Qatar Financial Centre
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