Regulatory Alerts2005-01-01
Added · Updated
Law No. 7 of 2005 Issuing the Qatar Financial Centre Law
Law No. 7 of 2005 establishes the Qatar Financial Centre (QFC) as a distinct jurisdiction within Doha, creating the QFC Authority, the QFC Regulatory Authority, and the QFC Appeals Authority to manage and regulate financial and business activities. The law grants authorized entities within the QFC exemptions from Qatari laws regarding nationalization, currency controls, and general taxation, while imposing a specific three-year tax holiday for entities and employees. It further provides for the exclusive jurisdiction of QFC courts and arbitration bodies over internal disputes and establishes independent financial and administrative frameworks for the governing bodies, shielding them from state budget laws and civil liability for good-faith regulatory acts.
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