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Business / Qatar Business

QFC gears up for Web Summit with expanded incentives for businesses

Published: 21 Feb 2025 - 10:43 am | Last Updated: 21 Feb 2025 - 10:43 am

The Peninsula

DOHA: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, is gearing up for the highly anticipated Web Summit. As a key player in Qatar’s economic diversification, QFC seeks to engage with global industry leaders, startups, and investors at the summit and showcase its platform not only as a conducive environment for establishing a business but also as a hub for technological advancement.

Building on its success at the first Web Summit Qatar in 2024, where QFC registered over 300 firms in just four days, QFC will once again offer exceptional incentives to companies looking to establish or expand their business ventures in Qatar. Companies that choose to register with the QFC during the Web Summit will benefit from waived registration and annual fees for the first four years, along with a tax exemption.

In addition, QFC is introducing instant banking services this year, in collaboration with Qatar National Bank (QNB) and Dukhan Bank, enabling potential clients to open corporate accounts seamlessly. This initiative further simplifies the business set-up process, resulting in a faster and more efficient entry into the Qatari market.

QFC’s participation in the Web Summit reinforces its commitment to supporting business growth and technological innovation in Qatar. By offering attractive incentives and streamlined services, QFC continues to position Qatar as a premier destination for global companies seeking to expand in the region.