Moci lowers service charges across sectors

(MENAFN – Gulf Times) The Ministry of Trade and Industry announced the implementation of Ministerial Decision No. (60) for the year 2024 issued by HE Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Trade and Industry, reducing MOCI service fees for trade, industry, business development and consumer protection sectors by up to 90 percent for certain services, effective Thursday.
This decision is in line with MOCI’s strategy to improve the investment environment and develop the trade, industry and business development sectors in Qatar, in line with the objectives of the Third National Development Strategy 2024-2030 to achieve sustainable economic growth, economic diversification and the development of the business environment in pursuit of the Qatar National Vision 2030.
The Ministry of Trade and Industry assessed and established the reduced service fees after conducting a thorough analysis of the requirements of the business environment and the needs of investors. The reduced service fees include trade registration, trade permit, register of trade agents, trade company services, practical advisory services, auditors, quality licenses, patent services, protection of industrial designs and models, and industrial development services.
It is expected that this decision will help create an ideal environment for local and foreign investors, strengthening the position of the State of Qatar as an attractive investment destination, and will have a positive and significant impact on services related to company formation, issuance of commercial documents and issuance of licenses, and will encourage and support the creation of new projects and enterprises in Qatar. (QNA)

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