The new year brought a new law in the Gulf state of Qatar regulating investment of non-Qatari capital invested in the emirate. The law seeks to promote economic development, attract foreign investment in all economic activities, and lure 100% foreign capital inflows, the Ministry of Commerce and Industry said in a release.
The law also aims to accomplish economic diversification in the oil-rich nation in line with the Qatar National Vision 2030, as well as facilitating foreign investors’ access to the market and bolstering the country’s confidence and investment security index.
The law allows non-Qatari investors to own a percentage not exceeding 49% of the share capital of listed companies, provided that the ministry approves the proposed percentage. A non-Qatari investor may also hold a higher percentage after the approval of the Council of Ministers
[FULL STORY HERE]
World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.
No comments:
Post a Comment