Qatar: Non-Qataris Can Own and Use Real Estate

Qatar has set conditions and regulations for non-Qataris to own real estate in 25 areas in the country. Non-Qataris may own real estate and use it in these areas in line with Qatar Cabinet Decision No. 28/2020. The aim is to encourage more foreign investment in this sector in this country.
Non-Qataris will be able to own real estate in nine freehold areas and be able to use real estate in 16 other areas on a 99-year lease.
The Justice Ministry stated non-Qataris may also own a detached unit in one of the residential complexes and may also own detached units like offices and shops in commercial malls in areas which aren’t included in the 25 areas. However, they will not be able to modify or change the nature, shape or outward appearance of the unit.
In a related development, Qatar’s Justice Ministry and Interior Ministry have announced an Office for Non-Qatari Real Estate Ownership has been established.
It will provide real estate ownership and utilisation services through a single window for investors.
It provides all the requirements for the sale and purchase of real estate, residential units and offices in the areas covered by Qatar Cabinet Decision No. 28/2020. This specifies the areas in which non-Qataris may own and benefit from real estate and the conditions, controls, benefits and procedures for their ownership.
It will enable beneficiaries to obtain a title deed in under an hour and through an automated system which has been developed by the Interior and Justice Ministries, will enable the issuing of residency on completion of ownership or usufruct procedures, where the property of the owner or the beneficiary is in the category whose value is not less than 730.000 Riyals. An owner of property in this category will be able to obtain a residence permit for themselves and their family without a recruiter for the duration of their ownership of the property.
As well as residency for them and their family, the owner of the property will also receive permanent residency benefits which include health, education and investment in some commercial activities, where the property value is at least 3,650,000 Riyals.
Elsewhere, the first real estate bond for the first investor to apply for real estate ownership was issued.

Qatar:Representative Office Rules 2020 QFCRA Rules 2020-5

Qatar Financial Centre’s Regulatory Authority has issued the Representative Office Rules 2020. They came into force on 1 October 2020. The new Rules introduce a Representative Office framework which allows financial services firms to carry out a limited range of activities in respect of services or products offered by its head office or corporate group. The activities of a Representative Office may include providing information, carrying out market research, assessing business trends and opportunities for the head office, acting as a channel of communication to the head office and generic marketing. The new Rules are aimed at being proportionate and reflecting the narrower range of activities and services which can be undertaken by Representative Offices.
The Authority also issued the Miscellaneous Amendments Rules 2020. They come into force on 15 October 2020. The amendments include changes to the General Rules 2006 relating to the regulation of captive finance and providing leases. In addition they include changes to GENE clarifying the application of the ‘late fees’ framework to late submissions of regulatory reports for Designated Financial Businesses and Professions and reduce the number of business days to elapse before late fees are payable by all authorised firms and Designated Financial Businesses and Professions. They also include changes to the Collective Investment Schemes Rules 2010 regarding Real Estate Investment Trusts or REITs.

Qatar: Conditions for Changing Jobs Without No-Objection Certificate Announced

Qatar’s Administrative Development, Labour, and Social Affairs Ministry has announced the conditions for employees looking to change jobs without having to have a no-objection certificate.
The employee has to notify employers through the Ministry’s electronic notification system. They will have to serve notice of at least a month. If the employee has been in the job for two years or less two-months’ notice will have to be given.
When they submit their notification, they have to provide the Ministry’s change-of-employer form ,a copy of the contract signed with the former employer, authenticated by the Ministry or employment offer if a copy of the contract cannot be provided. They will also have to submit the new employer’s job offer in Arabic.
The employee and new employer will then receive an SMS from the Ministry confirming the change of employment.
The new employer should initiate the electronic employment contract on the Ministry’s Digital Authentication System and print out the employment contract and discuss and sign it with the employee.
A signed version of the new employment contract should be uploaded on the Ministry’s system and the authentication fee of 60 Riyals will have to be paid.
When the contract is authenticated, the new employer should submit a request for a new QID to the Interior Ministry.
Once these procedures are completed, the employee will be able to start their new job. The employee should receive their new Qatari ID card (QID) and health card from the new employer.
Where an employee wants to change jobs during their probation period, the current employer has to be given at least one month’s notice. The new employer has to compensate the current employer a portion of recruitment fees and one-way air ticket at the amount agreed to by the current and new employers. However, this cannot exceed two months of the employee’s current basic wage. Authentication System and print out the employment contract and discuss and sign it with the employee.
A signed version of the new employment contract should be uploaded on the Ministry’s system and the authentication fee of 60 Riyals will have to be paid.
When the contract is authenticated, the new employer should submit a request for a new QID to the Interior Ministry.
Once these procedures are completed, the employee will be able to start their new job. The employee should receive their new Qatari ID card (QID) and health card from the new employer.
Where an employee wants to change jobs during their probation period, the current employer has to be given at least one month’s notice. The new employer has to compensate the current employer a portion of recruitment fees and one-way air ticket at the amount agreed to by the current and new employers. However, this cannot exceed two months of the employee’s current basic wage.

Saudi Arabia: Anti-Commercial Concealment Law Approved 

Saudi Arabia’s Council of Ministers has approved a new Anti-Commercial Concealment Law. Under the law, violators will be jailed for five years and fined five million Riyals. It will also protect whistleblowers in anti-commercial concealment cases, according to the Kingdom’s Commerce Ministry.

The relevant Government agencies will be able to limit business licensing fraud or cover-up offences. They will also be able to demand entities which issue licenses to businesses follow up on them and inform the Commerce Ministry of any suspicious practices.

The Law was approved by the Shoura Council last month and will also see whistleblowers given up to 30% of the fines imposed on violators where this is applicable. It will be given once the case has been resolved. Those who report any fraudulent activities will be exempt from penalties or have the penalties commuted.

The relevant entities will be able to use technology to prove violations through ‘electronic evidence’ in addition to other evidence. The system also allows commuting or exempting from penalties for those who report violations.

The aim is to protect consumers and SMEs.

The approval of the law follows an announcement earlier this week that an anti-commercial fraud committee was going to be established.

Qatar: Labour Ministry Launches Online Work Permit Service

Qatar’s Administrative Development, Labour and Social Affairs Ministry has announced it is going to launch two new services, including a work permit service on Sunday. The work permit service will be available to those who are on the residency of their relatives or who are changing profession. This will benefits residents who want to issue a new work permit or renew, cancel or get a replacement for one. It is part of the Ministry’s efforts to provide more services online to improve processing times and allow services to be provided remotely.

It will also benefit employees who are not directly recruited by employers and want to contract with it for regular and main professions with supporting documents attached, particularly if sub-professions in line with the terms and conditions. Those applying to change professions or job titles will have to provide their resident ID card. It can also be provided by the relevant party or the authorised signatory providing the documents required are attached.

The Ministry has prepared an online directory which the relevant person or employer can refer to via the website or through the Ministry’s social media platforms to learn about service requirements, terms, conditions and procedures.