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15:38 | 29-01-2007

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Investment Incentives

Qatar welcomes foreign participation in joint ventures through technology supply, market administration and equity participation. The Government offers several attractive incentives for joint ventures, such as:

• Natural Gas & Electricity at Competitive Price
• A developed infrastructure
• Industrial land at a nominal rent of one Qatari Riyal (US$ 1 = QR 3.64) per square meter per year
• No custom duties on imports of machinery, equipment and spare parts

• No export duties; and no taxes on corporate profits for pre-determined periods.
• Providing the investors with all the necessary information and data that they need.
• Stability and clarity of laws and rules which contain the required guarantees.
• Stability and flexibility of foreign exchange and its rate.
• Exemption from customs duty on production machinery, spare parts and intermediary goods.
• Exemption from income tax for five years.
• Freedom of money transfer abroad.
• Giving locally-produced items a privilege of 5% more than items manufactured in the Gulf States and 10% more than items manufactured in foreign countries in government purchases.
• Providing electricity for a lowered price of 1.6 American cents for industrial plants and 2.74 American cents for hotels.
• Renting land in the industrial area for a nominal price of 27 American cents annually to be claimed after a year from the beginning of production.
• Providing water for a lowered price of 1.2 American cents for a cubic meter.
• Facilitating recruiting foreign labor for a low cost.
• Securing loans from Qatar Industrial Development Bank.
In addition to the above, the Government also offers the following incentives:
• No quantitative quotas on imports;
• No income tax on salaries of expatriates;
• No exchange control regulations - the Qatari Riyal is freely convertible at a parity of US$1= Qatari Riyals 3.64; an exchange rate which has been stable for over two decades.
• Excellent medical and educational facilities;
• Low rates of inflation;
• Easy access to world markets with first class air and sea connections;
• Excellent telecommunications facilities; and
• Liberal immigration and employment rules to enable import of skilled and unskilled labour.
• Investment Laws

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