The Qatar Financial Centre (QFC) is hosting a series of digital events both independently and with partner organisations in an effort to engage existing and prospective clients as well as the wider business community amidst the ongoing Covid-19 crisis and the subsequent social distancing guidelines.
In line with its newly-launched webcast series entitled "#AccessQatar: QFC Webcast Series", the QFC continues to cover the latest trends and developments across a number of industries and topics including Qatar’s economy, financial services, fintech, foreign direct investment, digital and sports. The QFC has hosted over 10 webcasts to date with over 640 attendees, in total, having tuned in.
"We are witnessing both the acceleration and demand of digital capabilities at both a global and local level in light of Covid-19, whereby connectivity and digitalisation are becoming increasingly vital to business continuity and operational resilience. This epidemic continues to be a test of preparedness for organisations and businesses on their capabilities to adapt to evolving demands,” said Sarah al-Dorani, chief marketing and corporate communications officer, the QFC Authority.
As in-person events continue to be reformatted virtually in light of the ongoing Covid-19 crisis, the QFC is also adapting its traditional model of face-to-face roadshows to a digital format, and is currently underway in organising two major virtual roadshows to highlight the resilience of Qatar’s economy during this crisis, opportunities for international firms looking to expand to Qatar, and the benefits of setting up with the QFC.
The QFC’s upcoming roadshows include a US roadshow which aims to highlight key business opportunities in Qatar’s digital sector, and a Russia roadshow in partnership with the Russia Investment Agency (RIA), which will discuss key business opportunities and areas for growth across a range of sectors in the post-Covid-19 era.
Affirming its ongoing commitment to supporting the nation’s economic policies, the QFC recently announced a set of business stimulus measures for its growing number of firms, including deadline extensions for tax filings; reducing the rate of the charge due on the late payment of tax (late payment charge) to 0% from March 1, 2020 to August 31, 2020; waiver of the concessionary rate charge due on qualifying QFC entities that elect for the 0% concessionary rate under Part 15 of the Tax Regulations if the election is made during 2020; and deadline extensions for filing audited annual financial statements by a period of two months.