Qatar Emir Sheikh Tamim bin Hamad al Than issued a decree to amend provisions on investment in free zones, Qatar local media reported on Tuesday.
Despite the ongoing siege imposed on Qatar by the four Arab countries, Qatar is trying to stay upbeat and to develop its relations between other countries to increase investment through facilitating new businesses and attracting tourists.
The new amendments came as part of the plans to promote economic development, the Qatari Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al Thani said.
The prime minister referred to the free zones which will help increase the volume of domestic and foreign investment, and will allow the foreign investors to hold 100 percent of an entity's capital.
The investment in free zones will enjoy advantages such as no limits on the capital, freedom to choose the legal outline of the project, freedom to put price tags for products and profit rates, and tax exemption.
Al-thani added new zones would be created, and the new amendments will allow the entry of modern technology to develop the existing free zones.
Despite the ongoing siege imposed on Qatar by the four Arab countries, Qatar is trying to stay upbeat and to develop its relations between other countries to increase investment through facilitating new businesses and attracting tourists.
The new amendments came as part of the plans to promote economic development, the Qatari Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al Thani said.
The prime minister referred to the free zones which will help increase the volume of domestic and foreign investment, and will allow the foreign investors to hold 100 percent of an entity's capital.
The investment in free zones will enjoy advantages such as no limits on the capital, freedom to choose the legal outline of the project, freedom to put price tags for products and profit rates, and tax exemption.
Al-thani added new zones would be created, and the new amendments will allow the entry of modern technology to develop the existing free zones.
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