1. Does an Authorised Firm’s authority allow it to operate outside of the QFC?
The authorisation allows a firm to carry on activities in or from the QFC. If an authorised firm wishes to establish an additional office outside the QFC, it must comply with the relevant legislation in the area where it proposes to establish, and comply with any restrictions or requirements that other jurisdictions may impose.
For more information on this subject, please read the Policy Statement No. 1 “QFC Firms Doing Business in the State”.
2. What does carrying on activities “in or from” the QFC mean?
Carrying on activities in or from the QFC refers to activities carried out in the QFC between two QFC licensed entities or between a QFC licensed entity and another party located outside of the QFC, either in the State of Qatar or outside of the State.
3. Can an authorised firm operate from within the QFC but have clients outside?
Yes, an Authorised Firm’s clients may be based locally, regionally and internationally.