Headquarters Doha | Founded 2005 | |
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Industry Banking, Financial Services Key people HE Ali Shareef Al Emadi, Chairman and Minister of Finance
Yousuf Mohamed Al-Jaida, Chief executive officer Profiles | ||
Introduction to the qatar financial centre
The Qatar Financial Centre (QFC) Authority is a fully onshore global business and financial centre located in Doha, providing legal and business platform for firms to capitalize on regional opportunities. It was established in 2005. As of September 2015, the CEO is Yousuf Al-Jaida.
Contents
- Introduction to the qatar financial centre
- Background
- Benefits of setting up
- Who can set up
- Board of directors
- Management team
- References
The Qatar Financial Centre provides financial institutions with a world class financial services platform situated in an economy founded on the development of its hydrocarbons resources. It has been created with a long-term perspective to support the development of
Qatar and the wider region, develop local and regional markets, and strengthen the links between the energy based economies and global financial markets.
Background
The QFC Authority is the commercial and strategic arm of the Qatar Financial Centre (“QFC”). The QFC also consists of an independent financial regulator, the QFC Regulatory Authority, and an independent judiciary comprising a Civil and Commercial Court and a Regulatory Tribunal. The QFC Authority is responsible for leading the expansion of Qatar’s financial services sector and for developing relationships with the regional and global financial community. In February 2010 the QFC Authority unveiled a new strategy focusing on the creation of a global business hub for three core markets - Asset Management, Reinsurance and Captive Insurance.
In 2015, the QFC was awarded the accolade of GCC Financial Centre of the Year at the Middle East Capital Summit and Awards.
The QFC Authority manages and maintains the QFC legal and tax environment, and licenses firms to conduct business in or from the QFC. It also develops relationships with the global financial community and other key institutions, both within and outside Qatar, helping to grow the country’s private sector.
Benefits of setting up
Who can set up?
Setting up business in the Qatar Financial Centre is a clear and streamlined process. specialist teams, including a relationship manager, are there to support individuals and companies as they apply, register, get licensed and start business.