Qatar, 16 October, 2024 : Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani announced plans to reduce membership fees to support the private sector and alleviate financial burdens on businesses. This decision is part of the Qatari government’s strategy to create a business-friendly environment and encourage investment.
The upcoming Cabinet decision is expected to cut membership fees for shareholding companies, holding companies, and foreign firms involved in state contracts by 50%, bringing their annual fees down to QR5,000. For limited liability companies, general partnerships, joint ventures, and similar entities, the fee will be set at QR500, regardless of capital or business activity.
Sheikh Khalifa emphasized that this initiative aligns with the chamber’s ongoing efforts to assist local companies and lower operational costs. Additionally, authentication and certification service fees will remain unchanged at QR50, a rate established by Law No. 11 of 1990.
This reduction in membership fees is anticipated to significantly benefit businesses in Qatar, facilitating operations and supporting the country's economic growth.
Source : www.zawya.com
