|Halal Ranking||Ranked 6th on the Global Muslim Travel Index (GMTI) 2016 (MasterCard and CrescentRating)|
Petroleum and liquefied natural gas are the cornerstones of Qatar's economy and account for more than 70% of total government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings.
|Halal-related agencies Intro|
General Administration Affairs, Laboratories and Standardization of Qatar provides standards for a variety of industries
|Halal compliance guidelines Intro|
|Halal-related trade and trading|
|Investment and Export Promotion Agencies Intro|
Ministry of Economy & Commerce - The Business Development and Investment Promotion Department provides information and services to clients.
Qatar Investment Authority is the sovereign wealth fund of the State of Qatar.
In 2015 Qatar scored 70.8% on the Heritage Foundation’s Trade Freedom Index. Qatar’s economy has undergone extensive liberalisation in the last decade, although this has been more gradual regarding investment, reflecting a desire to protect local companies and nurture domestic industrialisation.
|Investment and Export Promotion Agencies Names||Qatar Investment Authority|
The GCC-Singapore Free Trade Agreement (GSFTA) with Singapore
The U.S. and Qatar signed a Trade and Investment Framework Agreement (TIFA) in 2004. Qatar detailed in its 2030 Qatar National Vision its intention to move towards a knowledge-based, diversified, and innovative economy.
Bilateral trade between Qatar and its largest Asian trade partners saw strong growth in 2014, most recently when the Qatar Investment Authority (QIA) signed multibillion-dollar investment and currency swap deals with China. Development of new special economic zones should see local investment and FDI rise steadily over the medium term, while a host of planned GCC free trade agreements (FTAs) could see international trade volumes expand further in the coming years. (Source: Oxford Business Group)
|Company ownership limits |
(foreign and local)
Foreign investment is generally limited to 49 percent of the capital for most business activities, with a Qatari partner(s) holding at least 51 percent. However, the law allows, upon obtaining special government approval, up to 100 percent ownership by foreign investors in certain sectors, including: agriculture, industry, health, education, tourism, development and exploitation of natural resources, energy, or mining. Qatar amended the law in 2004 to allow foreign investment in the banking and insurance sectors upon obtaining approval of the Cabinet of Ministers. Moreover, foreign financial services firms are allowed 100 percent ownership at the Qatar Financial Center (QFC). On October 31, 2009, the Council of Ministers agreed on the amendments proposed by the Ministry of Economy and Commerce to allow foreign investors to hold 100 percent ownership in certain activities, including: business consultancy and technical services; information and communication services; cultural services; sports services; entertainment services; and distribution services.
International law firms with 15 years of continuous experience in their countries of origin are allowed to set up operations in Qatar, but the license will be granted only if authorities in Qatar are convinced that the field in which the applying firm specializes is of use to Qatar. On the recommendation of the Ministry of Justice, the Cabinet may reduce the number of required years’ experience or fully waive the condition. Cabinet Decision Number 57/2010 states that the Doha office of an international law firm is allowed to practice in Qatar only if their main office in the country of origin remains open for business. In April 2015 the QFC stopped issuing new licenses to foreign law firms in response to complaints made by local Qatari firms of unfair competition. (Source: U.S. Department of State: 2015 Investment Climate Report-Qatar)
|Media & Recreation||40.3|
|Pharma & Cosmetics||31.6|
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