115 Jordanian firms operating under the QFC umbrella

Alanbat - Sara Shqair

The number of Jordanian companies operating from the Qatar Finance Center platform was about 115 as of the end of the first half of this year, compared to about 100 at the end of the 2022 year.

According to the website of the Qatar Finance Centre, one of the region's largest financial and business centers, the activity of Jordanian companies in Qatar Finance Centre covers many areas of diversified economic sectors, most of which focus on digitization and financial technology, banking and banking, money management, savings and investment, information technology, hospitality and public services, trade, import and export, and small industries.

Jordan's registered companies are characterized by a strong presence and continued growth, while Jordan ranks first Arab after Qatar in the number of companies operating under the umbrella of the Centre.

The amount of assets managed by QFC currently exceeds SAR 110 billion ($30.2 billion). Today, the Center's platform has more than 1800 local and international companies operating in many financial and commercial sectors, with more than 10 thousand employees and workers.

These companies' activities are concentrated in various sectors, including health and education, money investment, media, sport, retail, logistics, digital services and finance, real estate and energy.

Jordanian and other QFC companies benefit from a wide range of privileges and incentives such as 100% foreign ownership, one online platform to complete licensing procedures, commercial registration, visas and passports, a competitive corporate tax rate of 10% on locally sourced profits, and a competing tax environment subject to double taxation agreements.

It also provides the possibility of transferring profits entirely abroad without tax, a transparent and accessible operating environment, as well as a special center for the settlement of administrative disputes accredited by the International Labor Organization, the possibility of trading in any currency, and the facilitation of visa and employment procedures.