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Find out moreThe first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.
Read the full editionLaw No. 34 of 2005 (as amended) governs investment free zones in Qatar. The Qatar Free Zone Authority (QFZA) was established in 2018 and is empowered to grant licences, permits and land allocations to foreign investors who can establish a 100% wholly owned company in certain free zones. Currently there are two free zones under the QFZA, namely (i) Umm Al Houl Free Zone and (ii) Ras Bu Fontas Free Zone.
The QFZA offers numerous benefits to investors establishing in the free zones, such as:
The QFZA has issued a broad cluster of activities which are permitted to be undertaken by entities wishing to set up in the Free Zone including logistics and warehousing, industrial products and services, food and beverages and consumer goods, IT services, leisure and hospitality, professional and business services, marine activities and services, etc. The list is indicative only and is revised and updated from time to time.
Applications could be submitted to QFZA from investors seeking to establish industrial and internationally trading operations within the free zones. The QFZA are willing to consider applications on a case to case basis to determine whether the activities of a particular investor would be a strategic fit and of added value to QFZA. An entity wishing to set up in the free zone would need to submit a short two-page business plan to the QFZA and they will determine if the business plan fits in with the QFZA’s mandate.
The following points should be addressed under the business plan:
Our team of Corporate Structuring experts can assist with the following:
Al Tamimi & Company’s Corporate Structuring team is unique as it is comprised of lawyers who are competent to provide their services at competitive rate to and ensure a full service offering to the client.
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