Qatar Central Bank and Qatar Credit Bureau
Qatar Central Bank Under Law No 13 of 2012 Qatar Central Bank and the Regulation of Financial Services, QCB is deemed an autonomous corporate body, with a capital of QAR50…
Loans, Bank Charges and Interest Rates in Qatar
Loans Under QCB rules, the default period for a substandard loan is three months or more, for a doubtful loan six months, and a bad loan nine months. Banks have…
Opening a Bank Account in Qatar
Standard Bank Facilities Debit/credit cards, standing orders, money transfers, personal loans, vehicle loans, and mortgages on current and savings accounts (including joint accounts). Some accounts offer longer terms, higher interest…
Financial Services and Insurance in Qatar
Qatar Central Bank (QCB) is the supreme authority with overall control, regulatory responsibility and supervisory powers for all financial services providers in Qatar, including banks, Islamic financial institutions, insurance and…
Islamic Finance in Qatar
Current Islamic institutions include Dukhan Bank, International Islamic, Masraf Al Rayan and Qatar Islamic Bank. Lesha Bank – regulated by the QFC Regulatory Authority – is the first independent, Sharia…
Qatar Economy
One of the main aims of Qatar National Vision 2030 is to diversify the economy and reduce dependence on the hydrocarbon industries. The country’s economy is one of the fastest-growing in…
Investment and Trade in Qatar
Qatar has one of the fastest growing global economies thanks to the third largest concentration of natural gas reserves in the world. Recent legal liberalisation, economic diversification and an expanding…
Export and Import Regulations in Qatar
Exports According to the Planning and Statistics Authority (PSA), Qatar’s total exports (including exports of domestic goods and re-exports) in November 2023 was QAR26.5 bn, mainly to China. There are…
Taxation in Qatar
There are no personal taxes or statutory deductions from salaries in Qatar. Under Law No 24 of 2018 on Income Tax (‘the New Tax Law’) and its executive regulations, companies…
Intellectual Property in Qatar
Under Law No 9 of 2002, a trademark registration is valid for 10 years from the date of filing the application, renewable for further consecutive periods of 10 years. The…