Doha – Qatar: The Investment Promotion Agency Qatar (IPA Qatar) and PwC Qatar have jointly released today the new ‘Tax & Legal Guide to Doing Business in Qatar’, which provides a comprehensive overview of Qatar’s conducive business environment. The guide was unveiled during an engaging webinar, held in cooperation with the General Tax Authority (GTA), the Qatar Financial Centre (QFC) and the Qatar Free Zones Authority (QFZA).

The release of the guide follows recent tax, legal and regulatory developments that have further contributed to positioning Qatar as a world-class investment hub.

Developed in collaboration with PwC Qatar, the guide provides companies with a full understanding of the tax, legal and regulatory framework in Qatar, highlighting the ease of setting up and doing business in the country.

The guide also details the vast, sector-diverse opportunities where businesses can leverage Qatar’s business-friendly investment ecosystem and highlights how IPA Qatar can help businesses throughout their investment journey, from consideration to operation and expansion to ensure their success in Qatar.

In his opening remarks, Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar, said: “With Qatar’s rapidly-evolving business ecosystem, we are delighted to release this tax and legal guide with PwC Qatar that highlights the significant strides that have been taken to make doing business in Qatar easier.”

Al-Thani added: “From facilities in ownership, diversity of business opportunities, and a competitive tax system, to world-class infrastructure, the guide underlines the efforts of Qatar to position the nation as an attractive investment destination in the region.”

Bassam Hajhamad, PwC Qatar Country Senior Partner, said: “Businesses now need to change more rapidly than ever before, to attract and retain capital, talent, and clients. Our Guide has been designed with exactly this in mind - to enable prospective and new investors coming into Qatar to better understand the rules and regulations of the local market, and to maximise benefits from the increasing opportunities available, to build their organisations and help grow the local economy.”

Hajhamad added: “Attracting foreign investments continues to be a key pillar of Qatar’s growth and diversification strategy which is continuously enhanced by the improved legal and regulatory framework (e.g. easing restriction on foreign ownership), to further increase opportunities for foreign ownership and investment. In addition to the Investment Promotion Agency Qatar, the QFZA and QFC, continue to enrich and diversify the overall business landscape in Qatar by providing investors with flexibility and choices in line with their business objectives.”

The one-hour webinar began with insights into the services and support IPA Qatar can provide investors and Qatar’s value proposition for foreign businesses. This was followed by key highlights from PwC’s Tax and Legal services leader, Sajid Khan of the 2021 Tax and Legal Guide and a moderated discussion with experts on the key finding of the new Guide, with the webinar wrapping up with an audience Q&A.

To download your own copy of the ‘Tax and Legal Guide 2021’, please visit here

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com

Established in the Middle East for 40 years, PwC has 22 offices across 12 countries in the region with around 6000 people. (www.pwc.com/me).

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2021 PwC. All rights reserved

About the Investment Promotion Agency Qatar

The Investment Promotion Agency Qatar (IPA Qatar) oversees investment promotion activities under the Invest Qatar brand and acts as the country’s umbrella organization for FDI attraction. Through its close coordination with Qatari licensing platforms, it helps businesses advance their ambitions and achieve long-term success by delivering the support, advice, and expertise needed.

IPA Qatar’s goal is to showcase Qatar as an exceptional investment destination, connecting international investors to business opportunities, while bringing progress to the country’s economic development and diversification goals across sectors and geographies.

For more information about the Investment Promotion Agency Qatar, please visit www.invest.qa  

@InvestQatar | #IPA Qatar I #InvestQatar

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.