DOHA: Senior representatives from Qatar Financial Centre (QFC) Authority have concluded a series of panel discussions with a number of Indian corporations in Mumbai and Bengaluru as the kick off to the 2016 QFC Asia Roadshow.
This QFC initiative aims to strengthen further bilateral and economic relations between Qatar and India, and increase FDI (Foreign Direct Investments). Indian businesses attending the high level events had the opportunity to discuss the outlook for investment in Qatar and the Middle East, and explore how the QFC supports companies expanding globally.
As Indian corporate and other business enterprises look to expand to new markets and propel their regional and international growth, the QFC offers ease of set up and the benefit of 100 percent ownership, plus enabling businesses to be fully onshore and deal in any currency whilst being geographically centrally placed between East and West.
“We are welcoming a growing number of Indian firms to the Qatar business community and provide them through the QFC platform with the opportunity to benefit from a wide range of attractive advantages, including a fast-growing economy, a strategic regional location, a transparent legal and regulatory environment, and a compelling tax regime,” said Kamal Nagi, QFC Authority Chief Strategy and Business Development Officer speaking at the roadshow.
“As we get ready to relocate to Doha’s new financial city, we continue to encourage international firms to join us and be part of Qatar’s successful growth story,” he added.
The QFC Asia Roadshow comes as part of QFC’s underlying mission to diversify Qatar’s economy and transform the nation into a leading business and financial hub in line with the Qatar National Vision 2030. The conferences in Mumbai and Bangalore are the first stops in QFC’s Asia Roadshow. The QFC offers its own legal, regulatory, tax and business environment, which allows 100 percent foreign ownership, 100 percent repatriation of profits, and charges a competitive rate of 10 percent corporate tax on locally sourced profits.
