Regulatory Alerts2006-01-01
Commercial Law No. 27 of 2006
Qatar's Vice Amir Tamim bin Hamad Al Thani issued Commercial Law No. 27 of 2006 to comprehensively regulate commercial acts, merchant status, and business operations by defining professional trade activities, establishing mandatory bookkeeping and registration requirements, and clarifying the sale, lease, and mortgage of commercial shops. The legislation supersedes previous civil and commercial book provisions, mandates specific record-keeping for merchants with capital thresholds, and introduces strict penalties for non-compliance while extending commercial rules to non-merchants conducting professional transactions. Furthermore, it establishes robust frameworks for commercial addresses, unfair competition, and joint commercial obligations to ensure market transparency and legal certainty.