Qatar Amir issues law on non-Qatari capital investment

  • 2 months   ago
  • 1018
Qatar Amir issues law on non-Qatari capital investment

Amir H H Sheikh Tamim bin Hamad Al Thani issued Law No. 1 of 2019 directing the speculation of the non-Qatari capital in financial action. The law is powerful and will be distributed in the official paper. 

The law opens the route for remote speculators to claim 100 percent proprietorship in all areas, and additionally bolster for financial specialists' entrance into the Qatari market. 

The law offers numerous speculation impetuses including distribution of land to non-Qatari financial specialists to set up venture through the utilization or lease as per the relevant tenets and directions. 

The non-Qatari financial specialists can import what he/she requirements for the speculation, notwithstanding exempting the venture from salary assess as per the methods and control stipulated in the Income Tax Law. 

The law stipulates that the non-Qatari speculation ventures will be exempted from traditions obligations on their imports of hardware and essential gear they import for their foundations. 

In the field of industry, crude materials and semi-fabricated things for generation which are not accessible in the neighborhood markets will be exempted from custom obligations on their imports. 

H H the Amir additionally issued Law No. 2 of 2019 on supporting the aggressiveness of national items and battling unsafe practices to them in universal exchange. The law is compelling and will be distributed in the official newspaper. 

H H the Amir issued Law No 3 of 2019 correcting a portion of the arrangements of the Civil and Commercial Procedure Law, sanctioned by Law No 13 of 1990. The law is successful and will be distributed in the official newspaper. 

 

H H the Amir issued Law No. 4 of 2019 altering a few arrangements of the legal expert declared by Law No. 10 of 2003. The law is viable beginning from the day following the date of its production in the official periodical. 

H H the Amir likewise issued Law No. 5 of 2019, revising a few arrangements of Law No. 10 of 2002 on Public Prosecution. The law is successful beginning from the day following the date of its distribution in the official paper. 

H H the Amir additionally issued an instrument of confirmation affirming a draft notice of comprehension between the Ministry of Education and Higher Education of the State of Qatar and the Ministry of Higher Education of the Sultanate of Oman on collaboration in the field of science and advanced education. The draft MoU was marked in Doha on June 7, 2018. 

H H the Amir issued an instrument of sanction supporting the confirmation of a concession to the advancement and insurance of common ventures between the Government of the State of Qatar and the Government of the Republic of Togo. The assention was marked in Doha on April 30, 2018.

Comments