The QFC Authority is the commercial arm of the Qatar Financial Centre (“QFC”). Set up by the Government of Qatar in 2005, the QFC also consists of an independent financial regulator, the QFC Regulatory Authority, and an independent judiciary comprising a Civil and Commercial Court and a Regulatory Tribunal. The QFC Authority is responsible for leading the expansion of Qatar’s financial services sector and for developing relationships with the regional and global financial community. In February 2010 the QFC Authority unveiled a new strategy focusing on the creation of a global business hub for three core markets - Asset Management, Reinsurance and Captive Insurance.
The QFC provides Qatari and international firms with access to local and regional investment opportunities, including over US$137 billion of prospective infrastructure investment in Qatar through to 2015, as well as over US$1.2 trillion of planned investment across the GCC. The QFC offers a strong legal and regulatory environment for firms modelled on global best practice and has already attracted many leading international and local firms to obtain QFC licenses. These comprise a vibrant mix of investment banking, private banking, (re)insurance and asset management firms within the regulated space, and consultancy service providers, law firms and financial services recruitment firms in the non-regulated arena.Less...
Qatar Financial Centre Tower,
Al Corniche Area,
P.O. Box 23245