The QFC Has recently opened its doors to more “non-regulated” companies, allowing them to establish as a 100% foreign owned company. The QFC now offers not only an alternative to having a local Qatari partner but it also a simple and affordable alternative.
There are 6 new categories which can establish under the QFC. One of those is “the business of providing professional services including but not limited to audit, accounting, tax, consulting and legal services”.
The QFC has been “broadening its interpretation” of “professional services”. Last March the QFC approved a list of 17 additional activities, which can be included, which are:
However, these 17 additional activities are not exclusive. That means that QFC will consider any “professional service” and anything qualified as business to business falls within the category and is potentially permissible. What the QFC will not consider as a non-regulated activity is construction, manufacturing or import/sale of goods or labour-intensive services.
If you are looking to establish a Limited Liability Company in Qatar, we would recommend having a free consultation with us to discuss your options.