Qatar to Allow 100% Foreign Ownership of Firms in All Sectors
- Government will also provide incentives to spur investment
- Legislation goes further than U.A.E.’s more limited proposal
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Qatar is moving ahead with legislation that will allow full foreign ownership of companies operating in the country, trumping a more limited measure proposed this week by its rival across the Gulf.
Ministers “took the necessary measures to issue a draft law” permitting foreigners to own 100 percent of businesses in all economic sectors, according to the official Qatar News Agency. Investors may hold up to 49 percent in listed companies, or larger stakes with government approval.