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Update – Qatar's New Investment Law

30 January 2019

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Approved Changes

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Qatar

On 24 January 2019, Qatar published Law No. 1 of 2019 in the Official Gazette, which repeals and replaces Law No. 13 of 2000 on the regulation of Investment of Foreign Capital in Economic Activities. Key points of the new law include the following: 100% foreign ownership in non-listed Qatari companies is allowed in most sectors, subject to the provisions of specific domestic legislation regulating the performance by non-Qatari investors of commercial activities or professions; For foreign ownership exceeding 49%, an application must be submitted to the competent authority of the Ministry of Commerce and Industry together with supporting documentation...