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QFC: Proposed New Rules for Wholesale Advisory Firms News developments

QFC: Proposed New Rules for Wholesale Advisory Firms

  • 18/12/202518/12/2025
  • by Hannah Gutang

The Qatar Financial Centre Regulatory Authority (QFCRA) has issued a consultation 2025/03 proposing amendments to the Investment Management and Advisory Rules 2014 (INMA), which would introduce a dedicated regime for Wholesale Advisory Firms (WAFs).

These WAFs would provide advisory services exclusively to the largest, most sophisticated customers.

The aim is to create a transparent and proportionate regulatory regime for firms serving wholesale clients, which reflects their lower risk profile and reduces unnecessary compliance burdens.

The new wholesale customer category would be restricted to government agencies, state-owned enterprises, and Qatar Stock Exchange-listed companies with assets exceeding 20 billion Riyals.

WAFs would have to operate as QFC branches, leveraging home jurisdiction oversight and existing risk management frameworks.

The full anti-money laundering rules would be replaced with a simplified framework in these cases, with basic reporting, an AML policy, training, and an MLRO required, but no deputy needed. The customer protection rules would also mostly be disapplied, except principles on fair treatment, client classification, conflicts of interest, and record keeping.

In terms of governance, there would be reduced controlled functions (senior executive, MLRO, senior management), simplified internal control requirements, and a reliance on head office systems. On the competency rules, core competency would be retained for key roles, but training requirements would be removed.

The Investment Management and Advisory Rules 2014 would mostly apply, but there would be exemptions for professional indemnity insurance and prescriptive investment research requirements.

The consultation ends on 8 February 2026, and comments should be sent to consultationpapers@qfcra.com

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Lexis Middle East Gulf Tax – Winter 2025 Edition News developments

Lexis Middle East Gulf Tax – Winter 2025 Edition

  • 16/12/202516/12/2025
  • by Hannah Gutang

Brought to You by Tolley+ Middle East

The Winter 2025 Edition of Lexis Middle East Gulf Tax brings readers a sharp and timely exploration of evolving tax regulations and practices across the GCC region. This issue is rich with expert insights, legislative updates, and practical guidance for tax professionals navigating an increasingly complex landscape.


FEATURE: WHAT TO TAKE INTO ACCOUNT

Ghulam Ali of Rosemont Partners outlines how new rules on the accounts and audit of tax groups and ADGM Qualifying Free Zone Persons illustrate the challenging overlap between tax compliance and licensing authority requirements.


FEATURE: PILLAR TWO: THE NEXT CHAPTER

Mubeen Khadir and Shashank Chandak of KPMG explore the active measures GCC states are taking to legislate for Pillar Two and implement its requirements. Their insights highlight what could come next as regional progress intersects with global developments and differing jurisdictional approaches.


TAX NEWS ROUND-UP

A focused summary of the latest tax treaty updates and regulatory developments across the Gulf, offering essential insights for professionals navigating multi-jurisdictional tax environments.


PRACTICAL FOCUS: FAMILY WEALTH STRUCTURES

Authored by Jacopo Crivellaro of Baker McKenzie, this article reviews the UAE FTA’s CTP008 guidance on family wealth structures and recommends that families and advisers check compliance, evaluate restructuring needs, verify Article 17 status, and ensure arm’s-length pricing is met.


TAX PROFESSIONAL PROFILE: THE PUBLIC SECTOR POSITION

Tiago Albuquerque Dias, Head of Tax at EWEC, highlights that the complexities of exemption status within the public sector present unique challenges that demand a specialised analytical approach.


ANY QUESTIONS? HOW TO DEAL WITH RETROACTIVE CHANGE?

Markus Susilo of Baker Tilly delves into the legal and practical implications that may occur in the UAE when new tax legislation takes effect retroactively.


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Lexis Middle East Gulf Tax – Winter 2025

Have you read the Lexis® Middle East Gulf Tax – Past editions? Click the links below to access them.

Lexis Middle East Gulf Tax | Summer 2025

Lexis Middle East Gulf Tax | Spring 2025

Lexis Middle East Gulf Tax | Autumn 2024

Lexis Middle East Gulf Tax | Summer 2024

Reed Smith International Arbitration Report 2025: A Multi-jurisdictional Analysis of Challenges to Arbitration Awards – December 2025 News developments

Reed Smith International Arbitration Report 2025: A Multi-jurisdictional Analysis of Challenges to Arbitration Awards – December 2025

  • 15/12/202518/12/2025
  • by Tanya Jain

LexisNexis Middle East, in collaboration with Reed Smith, is pleased to present the Reed Smith International Arbitration Report 2025, a comprehensive and data-driven examination of court challenges to arbitration awards across the world’s leading arbitral seats.

Drawing on an extensive review of hundreds of cases over a minimum six-year review period, this publication offers an unparalleled comparative analysis of how courts in key jurisdictions including: the Middle East (onshore UAE and the DIFC), and Bahrain (in collaboration with the Bahrain Ministry of Justice), England and Wales, New York, France, Singapore, and Hong Kong, approach challenges to arbitral awards.

The report provides clear insight into the volume, nature, and outcomes of award challenges in each jurisdiction and highlights broader regional and multijurisdictional trends shaping the global arbitration landscape. Each chapter sets out the relevant statutory framework, identifies key procedural and legal features, and analyses judicial treatment of issues such as procedural irregularity, due process, jurisdiction, and public policy.

Designed as an essential reference for in-house counsel and arbitration users, the report contextualises the data to show how often awards are challenged, on what grounds, and with what likelihood of success. Whether selecting an arbitral seat, drafting an arbitration agreement, or advising clients on post-award strategy, this report offers valuable guidance grounded in empirical research and practical analysis.

The Reed Smith International Arbitration Report 2025 is also available on Lexis Middle East.

Get access to all recent report releases today, book your free trial of Lexis Middle East here.


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Reed Smith International Arbitration Report 2025
Download the Full Report

Have you read the Lexis® Middle East Gulf Tax – Past editions? Click the links below to access them.

Lexis Middle East Gulf Tax | Summer 2025

Lexis Middle East Gulf Tax | Spring 2025

Lexis Middle East Gulf Tax | Autumn 2024

Lexis Middle East Gulf Tax | Summer 2024

Qatar: Launches Digital Platform for Disability Services Access News developments

Qatar: Launches Digital Platform for Disability Services Access

  • 11/12/202511/12/2025
  • by Hannah Gutang

Qatar’s Ministry of Social Development and Family has unveiled a new national digital platform designed to provide comprehensive information and services for people with disabilities, their families and care providers.

The platform incorporates artificial intelligence technologies and meets international digital accessibility standards to ensure compatibility with assistive technologies.

Minister launched the service at a ceremony attended by people with disabilities and key stakeholders, implementing provisions of Qatar’s Law on the Rights of Persons with Disabilities, particularly regarding technology access and social participation.

The new system provides a centralised digital hub for disability-related services and information, featuring enhanced accessibility features and user-friendly interfaces. It has been designed to work seamlessly with existing assistive technologies used by people with disabilities.

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Qatar: Cabinet Approves New Regulations for Online Business Operations News developments

Qatar: Cabinet Approves New Regulations for Online Business Operations

  • 05/12/202505/12/2025
  • by Tanya Jain

The Peninsula, 26 November 2025: The Qatari Cabinet has approved new regulations governing commercial activities conducted through websites, establishing formal requirements for digital-only businesses that do not require physical premises.

Ministers endorsed a draft decision by the Minister of Trade and Industry outlining conditions and controls for online commercial activities.

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Qatar: Car Export Rules Tightened for Newly Registered Vehicles News developments

Qatar: Car Export Rules Tightened for Newly Registered Vehicles

  • 27/11/202527/11/2025
  • by Hannah Gutang

Qatar has implemented stricter controls on the export of newly registered vehicles through a fresh regulatory mechanism, vehicles must complete a full year of registration before they can be exported from the country.

The recently approved mechanism, developed jointly by commerce officials and customs authorities, enforces provisions outlined in Circular No. 3/2025. The regulation creates an exception for automobile dealers to export vehicles that were not directly imported from manufacturing nations and fall outside the country’s new vehicle quota system.

Commerce officials report that the mechanism was finalised after extensive consultation with industry stakeholders and car showrooms, whilst considering current market conditions. The announcement maintains existing export restrictions but introduces specific provisions for certain vehicle categories.

The ministry has issued a stern warning to automobile dealers regarding compliance, stating that enforcement action will follow any breach of the new requirements. Dealers must now ensure vehicles remain registered within the country for a minimum of 12 months before any export arrangements, except where specifically permitted under the new mechanism.

Officials emphasised that the regulation would be strictly enforced to maintain proper market operations. The ministry has pledged to monitor implementation closely and take necessary legal measures against any violations of the new requirements.

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Qatar: New Property Owners’ Draft Law Under Review News developments

Qatar: New Property Owners’ Draft Law Under Review

  • 20/11/202520/11/2025
  • by Hannah Gutang

The Peninsula, 17 November 2025: Qatar’s Shura Council has referred a new draft law on Owners’ Association to its Legal and Legislative Affairs Committee for detailed examination.

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Qatar: Updates Customs Duty Exemption Rules for Travellers and Residents News developments

Qatar: Updates Customs Duty Exemption Rules for Travellers and Residents

  • 07/11/202507/11/2025
  • by Hannah Gutang

The Peninsula, 2 November 2025: Qatar’s General Authority of Customs has outlined comprehensive duty exemption policies covering personal luggage, postal parcels, and household relocations, establishing clear guidelines for different categories of arrivals into the country.

Under the new regulations, travellers can bring personal items and gifts duty-free, provided individual gifts do not exceed QR3,000 in value. The policy permits specific allowances for tobacco products, including up to 400 cigarettes or 20 cigars, with a total value cap of QR3,000.

For postal items, the authority has set a duty-free threshold of QR1,000 for personal parcels and mailings. The exemption applies only to unrestricted items imported under an individual’s name.

The framework includes special provisions for household relocations. Qatari citizens returning from abroad may import used personal effects and household goods duty-free for personal use. Non-Qatari residents must import their household items within six months of arrival and provide employer documentation and residence permits.

New residents must also sign an agreement not to sell imported items for at least one year after entry, with penalties and duties applying for breaches. The authority notes that new household appliances or furniture may not qualify for exemption.

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Qatar: Mandates Digital Price Registration for All Retail Businesses News developments

Qatar: Mandates Digital Price Registration for All Retail Businesses

  • 30/10/202530/10/2025
  • by Hannah Gutang

Mubasher, 26 October 2025: Qatar’s Ministry of Trade and Industry has issued a new directive requiring all commercial, industrial, and general retail establishments to register their product and service prices through the ministry’s online portal.

The mandate introduces compulsory digital price registration for all businesses operating in the Qatari market. Shop owners must now upload and maintain current pricing information for their goods and services on the official government platform.

Under the new regulation, businesses are required to input pricing data through the ministry’s website, making this information publicly accessible. The system aims to create a centralised database of retail prices across the country’s commercial sector.

The directive establishes a standardised approach to price transparency, requiring all retail establishments to comply with the digital registration process. This marks a significant shift from previous practices where price reporting mechanisms varied across different business sectors.

The ministry has confirmed that the new system will be mandatory for all commercial establishments, including retail shops, industrial facilities, and service providers. This

The implementation timeline and specific technical requirements for businesses to comply with this new digital registration system have been outlined in the ministry’s circular to affected establishments.

For the full story, click here.

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Qatar: Approves New Law on International Treaties and Agreements News developments

Qatar: Approves New Law on International Treaties and Agreements

  • 24/10/202524/10/2025
  • by Hannah Gutang

Qatar Tribune, 16 October 2025: The Qatari Cabinet has approved new legislation governing the procedures for international treaties and agreements, alongside several bilateral cooperation deals with foreign nations.

The draft law establishes a comprehensive framework for managing international agreements. It outlines specific procedures for concluding treaties and defines the roles of various government authorities in the process.

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