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Tuesday, 20 September 2016

New Qatar financial city will be open to non-licensed foreign firms | The National

New Qatar financial city will be open to non-licensed foreign firms | The National:

"The Qatar Financial Center (QFC), which licences foreign companies to exempt them from local ownership laws, will move to a new complex next year shared with non-licensed foreign and local firms, its head said on Tuesday.

The QFC is one of two authorities under which 100 per cent foreign owned companies can operate in Qatar. Without licences from these entities, foreign firms typically require a local partner to own at least a 51 per cent stake.


Yousef Al Jaida, the head of the centre, said the QFC would relocate in mid-2017 to Msheireb Downtown Doha."



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