​ In accordance with the directives of His Highness the Emir Sheikh Tamim bin Hamad Al-Thani to complete the necessary legislation and decrees to facilitate investment. H.E the minister of Economy and Commerce: “The draft law regulating the foreign investment opens the way for foreign investment to own 100 percent in all sectors”
 
H.E Sheikh Ahmed bin Jassim bin Mohamed Al-Thani, Minister of Economy and Commerce, has said that the draft law regulating foreign investment, approved by the Cabinet on Thursday May 24, 2018 , has been implemented in accordance with the directives of His Highness the Emir Sheikh Tamim bin Hamad Al-Thani to complete the necessary legislation and decrees to facilitate investment.
 
His Excellency affirmed that the draft law would pave the way for foreign investment to own 100 percent in all sectors.
 
The draft law on the regulation of foreign investment will support the entry of foreign investors to the Qatari market by offering a number of incentives, most importantly the allocation of land for non-Qatari investors to set up investment projects, in addition to the possibility of exemption from taxes and customs duties and the free transfer of investments inside and outside the country, H.E. added.
 
H.E. the Minister noted that this draft law is an important step in the process of facilitating registration procedures for companies.
 
Qatar today is an attractive destination for foreign investment thanks to its shrewd economic policies, which have contributed to providing a promising investment environment that will be accompanied by an encouraging legislative and administrative system for doing business, H.E added.
 
Objectives of the draft law
The draft law aims to accelerate economic development and attract foreign investment in all economic and commercial activities.
 
It also aims to attract 100 percent foreign capital flows, achieve economic diversification in accordance with the Qatar National Vision 2030, facilitate foreign investor entry to market, and increase confidence and investment safety in the country.
 
Characteristics of the draft law
The new draft law includes many guarantees that enhance the investment environment and allows foreign businesses to invest in banks and insurance companies, as per a decision of the cabinet. It will also increase and strengthen the state’s tax revenues.
 
The draft law is based on the government’s spending power in settling foreign investments. It also provides attractive investment incentives, protects foreign and local investors from the risks of side agreements, and restricts commercial concealment.
 
The new draft has been prepared in accordance with best regional and global practices in this field.
 
The incentives provided by the draft law to the foreign investor
The draft law provides a set of incentives for the foreign investor, such as the allocation of land for the establishment of the project, the possibility of exemption from income tax, and exemption from customs duties.
 
Under this draft law, foreign investments are not subject to expropriation.
 
The draft law allows the transfer of investment ownership from one investor to another, in addition to the free transfer of investment incomes.