19 September 2015
Doha, Qatar: The Qatar Financial Centre (QFC) has announced the establishment of an independent Employment Standards Office (ESO).

The ESO, which previously operated under the Legal department, is the new statutory compliance office for businesses registered under the QFC.

The office has been established with the aim to protect both employers and employees through robust regulations, codes and procedures. Its objectives include enforcing compliance with regulations, ensuring fair treatment of employers and employees, encouraging communication between its members, facilitating dispute resolution and developing a productive QFC work force.

Yousuf Al-Jaida, Chief Executive Officer, QFC, said: "The ESO is an important part of the QFC's foundations. By establishing it as an independent entity, we are further ensuring that all QFC employees and licensed firms work in a transparent environment where they are treated fairly and are encouraged to resolve disputes amicably."

He added: "I am confident that the QFC business community will greatly benefit from the services offered by the ESO and will continue to positively contribute to the growth of Qatar's economy."

In addition to the role of administrating and enforcing Employment Regulations and Employment Code at the QFC, the ESO also works closely with the Ministry of Labour to provide relevant information related to employees working under the QFC. Simultaneously, the ESO gathers information about Qataris who work at the QFC in view of identifying trends in the Qatari labour market.

-Ends-

About the QFC
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% Corporate Tax on locally sourced profits.

The QFC welcomes a broad range of financial and non-financial services firms.

For more information about the permitted activities and the benefits of setting up in the QFC, please visit qfc.qa 

@QFCAuthority | #Facilitatingsuccess

Contacts
Qatar Financial Authority
Millie Hyde-Smith | m.hyde@qfc.qa | M. +974 5584 8308
Brown Lloyd James Worldwide
Eliana Maakaroun | elianam@bljworldwide.com | M. +974 5530 4314

© Press Release 2015