Free zones in Qatar: types and differences
Qatar is attracting an increasing number of foreign investors due to its stable economy, favorable tax regime, and strategic geographical location. Registering a business in Qatar is relatively straightforward compared to other countries, and opting for registration in a Free Economic Zone (FEZ) provides significant benefits.
Key advantages of registering a company in Qatar's FEZ:
- 100% foreign ownership without the need for a local partner.
- 0% corporate tax for a period of 10 years, with the possibility of further extension.
- 0% tax on dividends and interest.
- Exemption from customs duties on the import of equipment and raw materials.
- Avoidance of double taxation with more than 65 countries.
- Simplified licensing of business activities.
Currently, Qatar offers several FEZs with attractive conditions for business:
Qatar Financial Centre (QFC) – Established in 2005, it is a strategic initiative aimed at developing the financial sector and attracting international investments.
Qatar Science and Technology Park (QSTP) – Founded in 2009 to stimulate and accelerate technological progress in the country, it serves as a crucial center for fostering innovation and development in scientific and technical fields.
Ras Bufontas Free Zone – Located near Hamad International Airport, established in 2019 to attract foreign investments and technologies, with a focus on high-tech sectors such as aerospace, information technology, biotechnology, pharmaceuticals, and green technologies.
Umm Alhoul Free Zone – Positioned near Hamad Port, providing an optimal location for enterprises benefiting from the maritime industry.
Types of available structures in the free zones:
- Limited Liability Company in the Free Zone Qatar (QFZ LLC)
- Branch of a foreign company.
The registration process takes approximately 3-4 weeks and is similar to the standard process but requires preliminary approval from the respective zone.
To open a bank account, obtaining a residence permit is necessary, and this process can commence only after the company registration.
We recommend contacting legal consultants at IT-OFFSHORE for up-to-date information, as requirements may undergo changes.
