Qatar now allows foreign investors to own 100% in all sectors. In a noteworthy move, HH The Amir Sheikh Tamim bin Hamad Al Thani has issued Law No. 1 of 2019, regulating the investment of the non-Qatari capital in economic activity. The law will be live once it is published in the official gazette.
The new law will be a game changer by offering many investment attractions to foreign investors, including allocation of land to establish investment through the use or lease as per the applicable rules and regulations.
Foreign investors can import what they need for the investment, in addition to exempting the project from income tax by the procedures and regulation stipulated in the Income Tax Law. Also the new law specifies that the foreign investment projects shall be exempted from customs duties on their imports of machinery and necessary equipment they import for their establishments.
HOW TASS & HAMJIT CAN HELP YOU.
Tass & Hamjit can easily guide you with respect to investment decisions in Qatar. With our multi national locations, we can be of a single door consultant to manage your investments in India and GCC. Our expert team can assist you in business valuation, company incorporation, investment advisory, project feasibility study, accounting solutions and assurance services in Qatar.