15 Investment Strategy Qatar is one of the fast-growing regional economies and among the most promising globally, maintaining balanced growth rates despite various global challenges. Over the past few years, the State has succeeded in consolidating Qatar’s position on the global economic map under the guidance of His Highness the Emir Sheikh Tamim bin Hamad al-Thani. Qatar is currently pursuing its journey towards establishing a diversified, competitive and knowledge-based economy in line with the Qatar National Vision 2030. The State is seeking to ratify laws that allow foreign investors to implement fully-owned investment projects in various sectors, The state has also developed an investor-friendly business environment, through the launch of several initiatives, including the creation of a single window for investor services, providing advanced electronic services for business incorporation, identifying and streamlining procedures for licensing the construction of business centers, issuing business licenses and offering incentives to foreign investors. Investment Incentives • Non-Qatari Investors may be exempted from the income tax for a period up to ten years • Non-Qatari investors may be exempted from customs on the imports of necessary machinery and equipment. • A land can be allocated for a foreign investment project by way of a renewable rent for a long renewable period of not more than 50 years. • Non-Qatari investors in the industrial field may be exempted from customs fees on imports of raw materials or half manufactured goods necessary for production and not available in the local market General Privileges • Non-Qatari investors maybe importing duties on necessary machinery and equipment. • Non-Qatari investors shall be entitled to conduct private money transfers pertaining to their investments from abroad into the State of Qatar. • These transfers can be conducted in any convertible currency, at the exchange rate applicable on the date of conversion. • Non-Qatari investment, direct or indirect, shall not be subject to expropriation or any equivalent act according to the LawNo. 13 of 2000 regulating the investment of foreign capital in economic activity • Non-Qatari investors are entitled to transfer the ownership of an investment to another non-Qatari or national investor.
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