Centre of excellence: how Qatar is attracting more international business to its financial centre
The Qatar Financial Centre (QFC) is opening up to more foreign firms - Neil Hodge talked to QFC Authority deputy CEO Yousuf Mohammed Al-Jaida about the moves that have been made to attract international business to Qatar
There is no doubt that the Qatar Financial Centre has broad appeal: it has one of the most competitive tax environments in the world with a tax rate of just 10% on profits that are sourced locally, a first-class legal system based on English common law, and one of the region’s most robust regulatory regimes.
Recognised as one of the leading and fastest growing business and financial centres in the world, winning international recognition with the Best Financial Centre Award in the Middle East from Global Investor magazine, as well as being the highest ranked financial centre in the GCC in the Global Financial Centres Index (March 2014), the QFC is neither an offshore centre nor a free trade zone.
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