Other Tax Regimes in Qatar
Qatar Financial Centre (QFC)
QFC was set up to encourage financial service entities to locate in Qatar. Some of the key characteristics of the QFC regime are:
- Entities can be located at premises anywhere in Qatar (subject to approval by the QFC).
- 10% corporate income tax rate.
- No withholding tax.
- 100% foreign ownership of QFC entities is permitted.
- Full repatriation of profits and capital by QFC entities is permitted.
Qatar Science & Technology Park (QSTP)
QSTP is a special zone for technology-based companies. QSTP entities must be physically located in the QSTP and can only engage in activities specified in their licence. They can apply for a full exemption from corporate income taxes and can import goods and services free of customs duties.