The upcoming 2022 FIFA World Cup will throw-up Qatar’s Free zone’s economic diversification with plans to add over a hundred hotels and seeing a $20 billion influx into its economy.
The Qatar Free Zone Authority (QFZA) was established in 2018 and was created to support economic diversification and growth. Modifying its commercial laws has led to investments in non-traditional sectors aligning with Qatar’s National Vision 2030.
Qatar’s National Vision helps to define the long-term goals of the country as a framework for growth, social development, and environmental management.
At present, there are two free zones: Ras Abu Fontas (the Hamad Airport free zone) and Umm Al Houl (the Hamad Port free zone), both under the QFZA.
The activities of the Qatar Free Zones include construction and real estate, consumer goods, media and design services, energy and environmental technologies, amongst others.
For companies seeking to establish a presence in the QFZ PRO Partner Group provides a professional platform for company formation and associated services.
PRO Partner Group, operating as Venture Partner Qatar – provides foreign investors, SMEs, and multinational companies with complete company formation solutions for their Qatar Free Zone formations and more traditional Limited Liability Company formations.
PRO Partner Group first opened its Qatar office in 2016 and continued to support customers during the embargo, helping local businesses focus on domestic operations within Qatar. Acting as a bridge between the east and west, Vision 2030 serves as a foundation towards Qatar’s expansion, growth, and diversification of its business landscape.
PRO Partner Group offers company formation services, corporate sponsorship, PRO services – licence renewals, process of residency, document attestation services, labour quota registration and applications, customs registration, resident and employee visa services, labour and Immigration (computer) cards, transfer of employees.
They are committed to providing the highest quality of service to all their clients, ensuring security, transparency, speed, efficiency, and local knowledge.