*Government considering cancelling fees for founding companies and lowering tariffs and port charges
The Ministry of Commerce and Industry is currently studying lifting the fees required to register companies, in addition to lowering tariffs and port fees to provide more incentives to the private sector and improve Qatar's position in international rankings.
Speaking at a ceremony announcing the digital transformation of the process of registering new companies, HE Ali bin Ahmed al-Kuwari, the Minister of Commerce and Industry, said the new incentives come following the directives of the wise leadership to improve the business environment in Qatar and enhance its reputation as an ideal investment destination in the region and the world.
He noted that the digital transformation of the ministry's services helps the process of establishing new companies, which will no longer involve paperwork starting the middle of this month.
HE al-Kuwari said launching Phase 1 of the one-stop-shop in September last year aimed at connecting all designated institutions and authorities, in order to facilitate the process for investors, which would ultimately attract more investments.
"Qatar has improved its position in many international business indicators over the past few years," he said. "The country looks forward to improving its ranking further, especially with the launch of the one-stop-shop."
The minister noted that the ministry undertook a number of initiatives that were dedicated to improving the local business environment, including extending the commercial register for a maximum of five years. He stressed the government's commitment to facilitating the process for investors and businessmen, highlighting directives from HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani to work in resolving the challenges facing investors, in co-operation with the private sector.
Addressing the audience, Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim bin Mohamed al-Thani praised the latest feat in digital transformation, saying it will save a lot of time and effort for investors and businessmen who want to start new companies in Qatar.
He also said that the one-stop-shop gave a boost to Qatar's efforts to attract local and foreign investments, and noted that phase one allows investors to apply and pay fees electronically before obtaining the licence.
Meanwhile, deputy head of the co-ordinating committee for the management of the single window (one-stop-shop) system Nasser Omair al-Nuaimi said phase one includes a smart system for managing requests, electronic signatures, among other things, that enable the investor to complete the registration process anywhere inside or outside Qatar. He added that the goal of the initiative was to facilitate the process for investors.
The new system allows the investor to know the time required to complete the transaction, the true cost of establishing the company, sign the contracts required to found the company and other related issues, electronically. It also allows investors to see the requirements of the various authorities involved in licences, which have become associated with this window.
He noted that the digital transformation of the ministry's services helps the process of establishing new companies, which will no longer involve paperwork starting the middle of this month.
HE al-Kuwari said launching Phase 1 of the one-stop-shop in September last year aimed at connecting all designated institutions and authorities, in order to facilitate the process for investors, which would ultimately attract more investments.
"Qatar has improved its position in many international business indicators over the past few years," he said. "The country looks forward to improving its ranking further, especially with the launch of the one-stop-shop."
The minister noted that the ministry undertook a number of initiatives that were dedicated to improving the local business environment, including extending the commercial register for a maximum of five years. He stressed the government's commitment to facilitating the process for investors and businessmen, highlighting directives from HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani to work in resolving the challenges facing investors, in co-operation with the private sector.
Addressing the audience, Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim bin Mohamed al-Thani praised the latest feat in digital transformation, saying it will save a lot of time and effort for investors and businessmen who want to start new companies in Qatar.
He also said that the one-stop-shop gave a boost to Qatar's efforts to attract local and foreign investments, and noted that phase one allows investors to apply and pay fees electronically before obtaining the licence.
Meanwhile, deputy head of the co-ordinating committee for the management of the single window (one-stop-shop) system Nasser Omair al-Nuaimi said phase one includes a smart system for managing requests, electronic signatures, among other things, that enable the investor to complete the registration process anywhere inside or outside Qatar. He added that the goal of the initiative was to facilitate the process for investors.
The new system allows the investor to know the time required to complete the transaction, the true cost of establishing the company, sign the contracts required to found the company and other related issues, electronically. It also allows investors to see the requirements of the various authorities involved in licences, which have become associated with this window.
