Regulatory Alerts2020-01-01
Minister of Commerce and Industry Decision No. (44) for the Year 2020 on the Executive Regulations of Law No. (1) for the Year 2019 Regulating Non-Qatari Capital Investment in Economic Activities
The Minister of Commerce and Industry issued Decision No. 44 for 2020 to establish the executive regulations for Law No. 1 of 2019, enabling non-Qatari investors to hold up to 100% of capital across all economic sectors. The regulation mandates that natural and legal non-Qatari investors meet specific eligibility criteria, including clean criminal records or aligned corporate objectives, and submit authenticated documentation from their home country and Qatar's Ministry of Foreign Affairs. Furthermore, it establishes a streamlined 15-day application review mechanism with implicit rejection upon expiration and requires competent authorities to coordinate approvals, register successful projects in the Commercial Register, and enforce compliance within their respective jurisdictions.