Doha: The Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the Cabinet meeting held at Amiri Diwan today.
During the meeting, the cabinet approved a draft law on combating the concealment of non-Qatari practice of commercial, economic and professional activities in violation of the law, and referred it to the Shura Council.
The preparation of the draft law comes to replace Law No. (25) of 2004, and within the framework of modernizing legislation, creating an investment environment based on transparency, and consolidating the activities in accordance with the provisions of the laws in force in the country.
Under the provisions of the project, any non-Qatari person, whether a natural or legal person, is prohibited from the following:
1- To practice or invest in a commercial, economic or professional activity that he is not licensed to practice or invest in according to the laws in force in the State.
2- Obtaining percentages of profits that exceed the percentages stipulated in the company’s incorporation document or its articles of association.
It is also prohibited for any natural or legal person to cover up a non-Qatari person by enabling him to practice or invest in a commercial, economic or professional activity in violation of the provisions of the laws in force in the country, whether by allowing him to use the name of the concealed one.
