Being one of the richest countries in the world, Qatar offers a high living standard, openness to free trade, and a whole lot of other incentives, which makes it an excellent place for starting a business.
There are various ways to set up a business in Qatar, one of which is the Free Zones, which gives incredible opportunities to foreign investors in Qatar.
The idea of free zones has turned the Middle East countries to be emerging business centers as it assists in roping in industrialists from several regions of the world.
Qatar Free Zone Authority
QFZA (Qatar free zone Authority) is an organization founded by the Qatar government in 2018 for economic development, with high standard facilities for new set up business for local and global investors.
Qatar Free Zone Authority is devoted to providing fulfillment through a multi-high standard environment for foreign companies to operate with the highest standards of feat and excellence running the business. Qatar Freezones improves its business presence in the world.
Advantages of Setting Up a Company in Qatar Free Zone
By creating a company in any of the free zones in Qatar, you will be able to enjoy the following benefits:
- 100% Foreign Ownership
- Strategic Location
- 100% Repatriation of investments and profits
- Low corporate tax
- No Currency Restriction
- Easy access to Residence Visa
- Modern communication facilities
- A wide range of licensable activities
- A transparent legal and regulatory framework
- Low cost of operations
- Tax optimization
- Excellent infrastructure
- Ideal cost of living
- Fast company setup.
Qatar Free Zone license Categories
- Foreign Branches
- Commercial Licenses
- Trading Licenses
- Professional Licenses
- E-commerce Trade License
- Industrial Licenses
Qatar Free Zone – Facilities Offices
- Flexi Desk
- Smart Offices
- Executive Offices
- Warehouses
- Representative Offices.
Qatar Free Zone Authority offers you different types of free zones
At the moment there are two fundamental free trade zones, Umm Alhould and Ras Boufantas, found under the supervision of the Qatar Free Zones Authority. The major goal of these free zones is to bring in foreign investments and multinational entrepreneurs as much as possible, delivering a wide range of advantages in matters of business activities.
Ras Bufontas – Airport Free Zone
Ras Bufontas – Airport Free Zone, this popular free zone is located 6km away from the world-renowned Hamad International Airport, it is mostly fitted for industries requiring reliable air transportation services.
Suitable Industries: Logistics, Light Manufacturing, Consumer Products, Services, Technology and Applications, Pharmaceuticals.
Umm Alhoul – Port Free Zone
Umm Alhoul Free Zone is primarily suited for industries requiring sea freight imports and exports.
Suitable Industries: Maritime Industries, Industrial Sectors, Heavy Manufacturing, Emerging Technologies, Logistics Hub.
Additional free zones established in Qatar
Qatar Science & Technology Park (QSTP)
Qatar Science & Technology Park is situated inside Qatar Foundation and mainly accepts Technology base companies, Innovative, Scientific base, and Technology companies Formation in Qatar.
Pros:
- 100% foreign company ownership
- Full corporate income tax exemption
- Full personal income tax exemption
- Full import and export duties tax exemption
- Full repatriation of capital and profits
- No foreign currency limitations
- Quick Company formation.
Qatar Financial Center (QFC)
Established in the year 2005, QFC is situated in Doha and delivers legal and business infrastructure for financial services. Qatar Financial Center was founded to captivate International financial services organizations and other international corporations in Qatar and to facilitate businesses in the Financial Sector.
To get a better idea of the customs for Qatar free zone company formation, let’s go ahead and contact your Damalion expert now.
