ElSadiq AlFatih Hamour
Director Business Development, Qatar Financial Centre
Introduction to the Qatar financial centre
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to incorporate and do business in Qatar and the region. The QFC environment offers its own legal, regulatory, tax and business infrastructure, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% Corporate Tax on locally sourced profits.
These foundations have helped to foster Doha’s world-class business environment. Indeed, Qatar is currently ranked as the 14th most business-friendly country in the World Economic Forum Global Competitiveness Report 2015-2016.
The opportunities in Qatar for domestic, regional and international business are considerable; as an integral part of Qatar’s economy, the QFC is enabling firms to make the most of them.
Join Sadiq Hamour and Jahon Burhonov to better understand the ins and outs of doing business in Qatar and setting up at the QFC.
Sadiq Hamour joined the Qatar Financial Centre (QFC) in 2014 as Associate Director for Sales and New Business. He was then promoted to Director of Business Development where he leads a department responsible for defining strategies to promote Qatar and the QFC to local and international firms. In his current capacity, Sadiq plays a key role in helping to grow the QFC business community, support new market entrants and identify potential markets. Prior to joining the QFC, Sadiq specialised in treasury management for a number of financial institutions and local banks, including QNB, CBQ and Masraf Al Rayan. In these roles, his responsibilities included managing the treasury departments and product development for liquidity and asset management, foreign exchange, money market derivatives and fixed income.
Jahon Burhonov joined the Qatar Financial Centre (QFC) in 2015 as Head of Asia in the Business Development department. He is responsible for reaching out to country trade and business promotion offices, Asian firms and associations to establish cooperation, create awareness and promote the QFC platform to companies interested in doing business in and from Qatar. Prior to joining the QFC, Jahon worked with Bloomberg for over 8 years. He joined Bloomberg as an Islamic Finance and Portfolio specialist in 2007 where he set up and led the core Portfolio and Risk Analytics team in Singapore covering the Asia-Pacific region. In 2010, he relocated to the Bloomberg Middle East office in Dubai and held Sales Manager positions covering Saudi Arabia, Bahrain and Qatar. Jahon holds a Bachelor’s in Business Administration, a Master’s in Economics and is a Certified Islamic Finance Professional (CIFP).