Oryx
offers Corporate Services to international companies it represents
wishing to pursue business opportunities in Qatar utilizing the
provisions of the New Investment Law
or require specialised solutions such as SPV as part of Oryx’s
Corporate Services.
These services include assistance in:
- Establishment / incorporation of the business.
- Acquisition of land.
- Securing Industrial and Trade license, import licenses and
other permissions.
- Obtaining Customs duty exemptions
- Obtaining Environment clearances
- Obtaining tax exemptions
In certain instances, Oryx can play the role of
a local partner and establish corporate entities that act as SPV’s
for conveyance of specific projects.
New
Investment Law
The Investment Laws of Qatar allow up to 49% foreign ownership in
business activities in Qatar with the exception of banking, insurance,
commercial agency and real estate trading sectors. The foreign ownership
can, however, be increased to 100% in certain designated sectors
with the approval of the Minister of Economy and Commerce upon the
project meeting certain requirements.
The Investment Law also provides for a number
of incentives in terms of allocation of land, tax holiday, waiver
of customs duty on imports and free remittance of profits and other
income.
|