Trusts in Qatar can be registered in compliance with the QFC (Qatar Financial Centre) regulations, allowing 100% foreign ownership. Persons interested in opening trusts in Qatar can turn to our local agents for assistance. We present you in this article some information about these fiduciary arrangements, mentioning that assistance and legal advice and be provided to any kind of customer.
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Characteristics of trusts in Qatar
Trusts in Qatar are not legal entities and do not have legal personality. With the help of fiduciary services, foreign and local clients can transfer and hold assets through trusts and then distribute them to beneficiaries under established rules. Here are other interesting features of trusts in Qatar:
- The settlor, the trustee, and the beneficiaries are part of a trust in Qatar.
- In most cases, trusts in Qatar are set up for planning inheritance for family members or charity purposes. Trusts can also be established for other reasons.
- The trustee manages a trust. He or she is in charge of holding the assets and distributing them according to the desire of the trustee involved.
- The trustee in charge must ensure he/she fulfills certain duties.
These are some of the characteristics of a trust in Qatar. We invite you to discover our services and find out how our Qatari agents will help you in opening a trust.
How to register a trust in Qatar
These are some of the standard formalities and procedures linked to the registration of a trust in Qatar:
- A trust in Qatar can be registered with QFC and standard forms provided by this authority.
- Registration can be done in the name of the clients, with a power of attorney. In addition, the trust must have at least one trustee.
- Once registered with QFC, the trustee comes with a certificate and an allocated number.
- It is important to note that the trust deed must comprise information about the purposes of the trust in question.
- The process of registering a trust in Qatar also involves the payment of a specific fee.
We specify that a trust in Qatar can be established for an indefinite period. Moreover, the conclusion of this trust is also allowed, taking into account the terms and conditions stipulated in the agreement. You can find out more details from our company formation agents in Qatar.
About Qatar in a few lines
Qatar has been one of the most developed countries in recent years and is home to numerous international companies. With many years of budget surplus, Qatar continues to diversify its economy and ensure sustainability. Here is what the figures say in this sense:
- Qatar National Vision 2030 is a project aimed at developing various economic sectors, relying on investments, competitiveness, and diversity.
- It is estimated that production of over 126 million tons of liquefied natural gas will be achieved by 2027, with Qatar being one of the richest countries in terms of resources of this kind.
- Among the benefits of the business environment in Qatar are 100% foreign ownership and even income tax exemption for 10 years under certain conditions.
In addition to the services of opening a trust in Qatar, our specialists can also help you in other situations. For example, we assist foreign entrepreneurs in company formation in Qatar. The procedures for setting up a company in Qatar can be carefully managed by our specialists. Here too, you can collaborate from the start with our accountants in Qatar to know exactly what services are needed. Those interested can also opt for our services if interested in immigration to Qatar. We offer assistance in getting residency in Qatar. Considering these things, we invite you to contact our specialists in company incorporation in Qatar.