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| Law on 100% foreign ownership approved in Qatar |
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Posted on 5 Feb 2010 |
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The Emir of Qatar approved a law allowing foreign investors to own up to 100% of companies in specific sectors.
According to the new law, the new sectors where foreign investors are allowed to hold an equity stake ranging from 49% to 100% are consultancy services, information technology, distribution services, and services related to sports, culture and entertainment. Banking, insurance, commercial agencies, and real estate still remain closed to foreign investors.
Source: The Peninsula, EFG-Hermes- Byblos Bank
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