The Qatar Financial Centre (QFC), one of the world’s fastest growing onshore business and financial centres, has held the inaugural meeting of its advisory board. 
The advisory board members include Abdulla al-Marri, chairman, Qatar First Bank; Salah al-Jaidah, chairman, Deutsche Bank Middle East and North Africa; Omar Alfardan, managing director, Alfardan Corporation; Rashid al-Saad, senior partner, Sharq Law Firm; and Tamim al-Kawari, chief executive, QInvest; and is led by Yousuf Mohamed al-Jaida, chief executive, QFC Authority.
The board, which is the result of five-year roadmap (2017 to 2022), will work closely with QFC management to support the QFC in achieving its strategic objectives.
The members of the board, who bring a wide range of expertise and knowledge from the private sector and financial services, will also represent the QFC during prestigious financial events throughout the year, both in Qatar and internationally.
“Qatar is in many ways at a transformative point in its history. Numerous interconnected initiatives across varying government sectors are intersecting with ever-increasing momentum in the private sector, propelling Qatar’s economy to greater heights,” al-Jaida said.
QFC is confident that its new roadmap, coupled with the continuous enhancements to its platform, would successfully contribute to further driving Qatar’s economic development and diversification in line with the Qatar National Vision 2030.
The QFC environment has its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and a competitive 10% corporate tax on locally sourced profits.