Qatari Government Confirm Sole Ownership in Foreign Investment

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The Qatari government have recently announced draft legislation that is currently awaiting statutory approval; allowing foreign investors from all sectors the ability to have sole ownership of company equity, instead of the current 49% limit being upheld over foreign investment at the moment.

The draft legislation clarifies transferal over equity ownership; namely assets can now be transferred from one investor to another and that foreign investments are not subject to taxation upon disposal either by selling or transferring.