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Download offshore hedge fund - Qatar Financial Centre
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OFFSHORE HEDGE FUND The QFC offers an attractive regulatory and taxation regime in which firms can raise and manage hedge funds through onshore or offshore fund vehicles. A QFC Investment Management Company with an offshore investment vehicle is illustrated below. INVESTMENT MANAGER INVESTORS INVESTMENT FUNDS FUNDS RETURNS OFFSHORE HEDGE FUND PERFORMANCE FEES | MANAGEMENT FEES FUNDS FLOWING INTO QFC INVESTMENT MANAGER • QFC investment manager entity is taxed at 10% on net management fee income after salaries and tax deductible expenses • Transfer pricing guidance INVESTMENT MANAGER QFC INVESTMENT ASSETS QATAR INVESTMENT ASSETS GLOBAL available NOTE: Comments above relate to QFC tax only. Other jurisdiction tax considerations should be analysed appropriately. FURTHER INFORMATION If you would like to receive further information or have any questions regarding this overview please email: [email protected] or [email protected] www.qfc.qa Published September 2014 WHY QATAR? • 1 0% corporate tax rate ulti billion dollar investments being made and in pipeline •M ighest GDP per capita in the world •H o income tax on individuals •N orld class banking system •W ouble tax agreements in force with over 60 countries worldwide •D igh quality infrastructure (including telecommunications) •H trategic geographic location for Middle East markets •S ood quality of life •G ccess to international schools and universities • A atar Airways flies to over 120 destinations worldwide •Q KEY FEATURES OF QFC FOR OFFSHORE HEDGE FUND LEGAL, ADMINISTRATIVE AND REGULATORY ENVIRONMENT • Clear and detailed rules - the Private Placement Scheme Rules (PRIV) - have been established for more specialised funds streamlined application process ensures •A licensing and registration with the Companies Registration Office is completed within a short timeframe after receipt of a single combined application • Transparent administrative process with easy access to decision makers orld class regulatory environment comparable •W with the UK and other best in class jurisdictions TAX • Low rate of tax of 10% on net income of QFC fund manager orporate income tax is only levied on Qatar •C sourced income meaning receipts from overseas are generally excluded from being taxable elf assessment regime for tax returns •S • Transfer pricing guidance available ax losses can be carried forward indefinitely in •T QFC entity • Group relief applies for 75% QFC group entities • No wealth tax/Zakat or VAT o personal income tax in Qatar •N qually world class legal regime with access to •E an independent court, tribunal and Alternative Dispute Resolution Centre eparate immigration and employment •S regulations based upon international standards • Accounts may be prepared in accordance with IFRS, UK GAAP, US GAAP or Islamic Finance Accounting Standards (AAOIFI) QATAR FINANCIAL CENTRE (QFC) PO Box 23245, Doha, Qatar • T: +974 4496 7777 • F: +974 4496 7676 • info @ qfc.qa • www.qfc.qa DISCLAIMER: PLEASE READ The structures, examples and information contained in this document are only intended as a guide and to provide illustrative samples. Specifically, the QFC Authority makes no recommendation or representation, gives no warranty or guarantee, and excludes all liability in respect of the document. Before you take any action in respect of the document you must seek and rely on your own independent legal, tax and other professional advice.
