Musthafa & Almana is a global consulting firm (legal and business) with presence in three countries and four jurisdictions, namely UAE, UK, US and India, being instrumental in facilitating major foreign investments into these markets. The firm’s clients range from start-ups to government entities. The firm provides expert advise on multijurisdictional investments and tax compliance and also have dedicated practice divisions in Real Estate, Finance, Technology, Healthcare, Power & Energy, Entertainment & Media, Fashion, IT & Telecom, Sports, Education and Hospitality among other sectors.
Musthafa & Almana is the official strategic partner of DUBAI FDI, Authorized agents and Representatives of Dubai World Central, Exclusive Training Partners of Dubai Judicial Institute and Sharjah International Commercial Arbitration Center. Also the firm is the corporate service provider for Ras Al Khaimah Investment Authority (RAKIA).
Following the great success of ‘Destination Dubai - Legal Route for Investments in Dubai’ thorugh which we have brought into UAE close to AED 1 billion, we have decided to come up with a similar platform, promoting investments into Qatar.
INVEST IN QATAR
The Gulf State of Qatar occupying an area of 11,521 square kilometers is a peninsula located within the western coast of the Arabian Gulf. Since gaining independence the Middle Eastern country has transformed itself from a pearl fishing community to an economic powerhouse in the MENA region as well as globally.
Qatar is one the rich thriving economies of the Middle East. Doha, the capital of the oil and gas rich country is the most populous city and is dubbed as the commercial hub of Qatar and is home to a number of foreign and local businesses. Qatar offers a wide range of incentives, including subsidized or nominal rates for gas and electricity, tax exemptions on corporate tax for pre-determined periods, no export duty, tax free salaries, excellent medical and educational facilities and state-of-the-art telecommunication facilities.
DESTINATION DOHA – LEGAL ROUTE FOR INVESTMENTS IN QATAR
Destination Doha - Legal Route for Investments in Qatar is an exclusive investment platform that seeks to establish a conduit for foreign investments in Qatar. Through this novel platform Musthafa & Almana aims to encourage and facilitate inbound investments into Qatar by identifying and creating business and investment opportunities for MENA and global investors. We are a pioneer in FDI facilitation and with our extensive knowledge of the MENA and GCC markets we are capable of assisting global investors looking to prosper in the Qatar economy.
REASONS WHY DOHA SHOULD BE YOUR PREFERRED INVESTMENT DESTINTION
Qatar is the wealthiest country in the world with a diversified and financially stable economy. It has the highest income per capita income (PPP) in the world which as of 2015 is US$ 146,000.
Qatar has a liberal tax regime. There is no personal income tax and corporate tax on foreign companies is levied at a low rate of 10%, and import duty tax is 5%. Qatar’s tax free zones – Qatar Science and Technology Park (QSTP) & Qatar Financial Centre (QFC), offer benefits such as full foreign ownership, free repatriation of capital and profits, zero tax duty and duty free imports of good and products.
LARGEST EXPORTER OF LNG
Qatar has the world’s third largest natural gas reserves and is the largest supplier of liquefied natural gas with proven reserves exceeding 24 trillion cubic meters, or about 13.3% of the world total.
The construction and infrastructure market of Qatar is the fastest growing market in GCC. Qatar winning the bid to host the 2022 FIFA World Cup has boosted the infrastructure projects in the country. Highlighted large-scale projects such as: a rail and metro network, the new Doha Port as well as the new Hamad International Airport.
DUAL LEGAL SYSTEM
The legal framework of Qatar is based on the civil law system. However, there are two corporate legal systems. The domestic corporate entities are governed by the Commercial Companies Law and related commercial regulations. Whereas, business entities established within the Qatar Financial Centre (QFC) are governed by the English common law.
GLOBAL FINANCIAL POWERHOUSE
World Economic Forum ranks Qatar as the one of the most competitive economies in the MENA region. Qatar National Bank (QNB)is recognized as the “World’s Strongest Bank” by Bloomberg Markets and Qatar Financial Centre (QFC) is the top financial centre in Gulf and MENA region in the Global Financial Centre Index.
Every square kilometer of land in Qatar receives yearly solar energy equivalent to 1.5 million barrels of crude oil. Qatar plans to generate 20% of its energy from clean sources by 2024 and will invest $125 billion in renewable energy development over the years.
Over the years Qatar has invested heavily in the education sector. The Education City launched by the Qatar Foundation for Education, Science and Community Development located in Doha hosts various international universities and research institutions.