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Business / Qatar Business

About 800 companies set up by foreign investors via Single Window last year

Published: 28 Feb 2022 - 08:28 am | Last Updated: 28 Feb 2022 - 08:58 am
Mohamad Hamad Al Nuaimi, Director of Single Window at MoCI

Mohamad Hamad Al Nuaimi, Director of Single Window at MoCI

Lani Rose R Dizon | The Peninsula

Doha: As many as 800 companies have been registered by foreign investors in Qatar last year using the country’s Single Window System, an online platform which links various government processes aimed at simplifying the registration and establishment of businesses in the country.

Speaking to The Peninsula on the sidelines of an event to announce a new Single Window service yesterday, Mohamad Hamad Al Nuaimi, Director of Single Window at the Ministry of Commerce and Industry (MoCI) said the platform’s aim to attract foreign investors to Qatar is now bearing fruit. 

“In 2021, we have 800 companies by international investors which have been registered in the Single Window. It is a higher number we have witnessed, and in 2022 we hope we’ll receive more than that number,” he said. 

Established in 2019, the Single Window System is a one-stop-shop for entrepreneurs setting up their businesses in Qatar. The platform assists investors in their application process, from planning, to registration, and licensing through a smart electronic interface. The national initiative aims to enhance operational efficiency in service delivery in order to save time and costs for investors as Qatar moves towards economic diversification and seeks to become a global investment hub. 

“Last year, the Single Window has conducted over 26,000 transactions. We have just launched a new service, the issuance of electronic establishment cards. And in the future, we are going to produce more applications including any modification in the commercial registration or the trading license. It will also be shown in the Single Window System,” Al Nuaimi added.

Qatar’s Single Window System is currently in the middle of digital transformation, Al Nuaimi has previously said. The platform is working towards the full adoption of paperless transactions and streamlining of all its services to further improve the process of establishing a business in Qatar.