MoCI reduces fees for many services by over 90%

Doha, Qatar: Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani has issued Ministerial Decision No. (60) for the year...

Doha, Qatar: Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani has issued Ministerial Decision No. (60) for the year 2024, reducing the fees for services provided by the ministry to the commerce, industry and business development, and consumer protection sectors that reach up to more than 90% for certain fees.

The ministerial decision aims to support economic growth in the country, encourage national and foreign enterprises, and create an attractive business environment for investment. The ministerial decision will take effect after it is published in the official gazette.

In a statement, the Minister emphasised that the issuance of the decision to reduce fees is part of the ministry’s strategy aimed at enhancing the investment environment and developing the trade and industry sectors in Qatar. It also aims to implement the objectives of the Third National Development Strategy (2024-2030), which seeks to achieve sustainable economic growth, economic diversification, and the development and enhancement of the business environment in pursuit of achieving the Qatar National Vision 2030.

The annual fee for registration in the commercial register with one main activity has been changed from upto QR10,000 to QR500. The annual fee for renewal of registration in the commercial register with one main activity has been changed from upto QR10,000 to QR500.

The annual fee for licensing of similar commercial, industrial, or public premises or a branch thereof has been changed from upto QR10,000 to QR500. The annual fee for renewal licensing of similar commercial, industrial, or public premises or a branch thereof has been changed from upto QR10,000 to QR500.