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Qatar Financial Centre Licenses 505 New Businesses in 2024

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  The Qatar Financial Centre (QFC) , Qatar’s premier onshore financial and business hub, has reported a significant rise in new company registrations for the first half of 2024. This marks a pivotal moment for the QFC as it continues to drive economic diversification and position Qatar as a leading technology hub in the Gulf Cooperation Council (GCC) region. Record Growth in Company Registrations In the first six months of 2024, QFC registered 505 new firms, a 230% increase from the 149 firms registered during the same period in 2023. This surge brings the total number of companies on the QFC platform to over 2,200, showcasing the growing appeal of Qatar as a destination for business and investment. Technology Sector Leading the Surge The technology sector emerged as the largest contributor to this growth, accounting for nearly 38% of the newly registered firms. This impressive figure is partly due to QFC’s strategic involvement in the Web Summit 2024 held in Doha, where exclusive inc

Discovering the Tax Advantage at Qatar Financial Centre (QFC)

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Welcome, visionary minds, to the vibrant world of Qatar Financial Centre (QFC), where entrepreneurial aspirations find their true potential. In this enriching guide, we'll delve into the tax advantages that set QFC apart, empowering you to thrive in an environment tailor-made for success. A Welcoming Home for Dreams: QFC is not just a place; it's a community that welcomes dreamers and doers from various industries. Whether you're into IT, consulting, fintech, or financial services, QFC provides an enticing platform to turn your entrepreneurial visions into reality. With exclusive benefits like 100% foreign ownership and a robust legal framework, QFC is a haven for innovation and growth. A Clear Path to Financial Success: In the complex world of taxes, clarity reigns supreme at QFC. Embrace the transparency of a competitive 10% corporation tax on locally sourced profits. Say goodbye to confusing tax jargon and hello to a straightforward approach that empowers you to make we