Qatar Financial Centre (QFC) is a financial and business centre established by the government of Qatar in 2005. QFC was created to help attract international financial services and multinational corporations to grow and develop the market for financial services in the region.
QFC helps all QFC licensed firms generate new, and sustainable, revenue streams and provides access to local and regional investment opportunities.
QFC consists of a commercial arm, the QFC Authority and an independent financial regulator, known as the QFC Regulatory Authority. It also has an independent judiciary which comprises a civil and commercial court and a regulatory tribunal.
The QFC Authority
The QFC Authority is responsible for the organisation’s commercial strategy and for developing relationships with the global financial community and other key institutions both within and outside Qatar. One of the most important roles of QFCA is to approve and issue licences to individuals, businesses and other entities that wish to incorporate or establish themselves in Qatar with the Centre.
The QFC Regulatory Authority
The QFC Regulatory Authority is an independent statutory body and authorises and supervises businesses that conduct financial services activities in, or from, the QFC. It has powers to authorise, supervise and, where necessary, discipline regulated firms and individuals
- http://www.qfc.com.qa/output/ Website of the organization.