| QFC ANNUAL REPORT 2023 ENGLISH COMMON LAW Companies registered with the QFC are governed by a legal and judicial framework based on English common law, with access to an independent court, regulatory tribunal and dispute-resolution centre. ONSHORE JURISDICTION The QFC is an onshore business and financial centre that licenses companies, allowing them to operate in Qatar and in the region within a legal and tax environment aligned with international standards. 100% FOREIGN OWNERSHIP Companies in the QFC benefit from up to 100 per cent ownership of their business in Qatar COMPETITIVE TAX SYSTEM The QFC offers a fair and transparent tax regime, allowing access to a wide Double Taxation Agreements network with over 80 countries, 10 per cent corporate tax on locally sourced profit, no personal income tax, wealth tax or Zakat, and an efficient advance ruling service. 100 % REPATRIATION OF PROFITS Payments of dividends, interests, royalties, and management fees to recipients outside of Qatar are free from withholding tax, enabling tax-free returns and profit repatriation for shareholders. TAILORED SOLUTIONS Access to a team of experts across disciplines to help tailor product structures and solutions to meet the QFC-registered companys business needs. ONE STOP SHOP A quick and easy set-up process that licenses, establishes, and supports businesses in and from Qatar. TRADE IN ANY CURRENCY Conduct business from Qatar with no restrictions on the currency used for trading. QFC: WORLD-CLASS BENEFITS QFC AT A GLANCE | QFC ANNUAL REPORT 2023