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31 May 2018

Qatar announces draft law to allow 100% foreign investment in all sectors

Qatar's Ministry of Economy and Commerce (MEC) announced on May 27, that a draft law that will allow foreign investors to own 100% of equity in all sectors is pending legislative approval. This is in accordance with the directives of His Highness the Emir Sheikh Tamin bin Hamad Al-Thani. The draft law is intended to: (i) attract foreign capital inflows; (ii) accelerate development in all economic and commercial activities; and (iii) achieve economic diversification in accordance with the Qatar National Vision 2030.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1128

 

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