Qatar

Qatar

Amending the Investment Law

01 Feb 2010

The Government of Qatar issued law no. 1 of 2010 to amend the Investment Law of 2000. Effective 2February 2010, foreign investors are permitted to own up to 100 percent of companies operating in the following sectors: consultancy services, information technology, services related to sports, culture and entertainment, distribution services. Foreign ownership in the banking, insurance, dealerships of foreign goods and services and real estate sectors remain limited to forty-nine percent. This new law has no immediate impact on the foreign ownership limits of companies listed on the Qatar Exchange. The amendment also permitted a discretionary relaxation, on a case-by-case basis, of rules on the equity share foreign investors can hold in companies in nine sectors, including agriculture, industry, health, education, tourism and natural resource development.

Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Wholesale and retail trade, Computer programming, consultancy and related activities, Arts, entertainment and recreation)
Inward FDI:
No
Outward FDI:
No
Sources: