- May 17, 2021
- Posted by: Ajmal
The Qatar Science and Technology Park (QSTP) in Doha is the only established free trade zone in the Country. However, there is another option for foreign companies to set up within the Qatar Financial Centre (QFC), which is not a free zone, but does permit 100% foreign ownership.
With this, companies can maintain full ownership of the business without going through restrictions from the free zones allowing them to commercially trade across the country.
However, it must be noted that QFC and QSTP setups are only available to companies that work within certain industries, and companies within the QFC are not permitted to import or export goods, or employ blue-collar workers. Companies should be aware that set ups in free zones and economic zones may also face higher leasing rates and other related fees pertaining to government administration and licenses.