Why you should apply to the QSTP
The Qatar Science & Technology Park (QSTP) offers lucrative opportunities and an attractive business environment for tech start-ups and large conglomerates alike. As part of the Qatar Foundation Research, Development, and Innovation (QF RDI), the QSTP is Qatar’s unparalleled state-of-the-art hub for applied research, incubation, entrepreneurship, and technology innovation. This Free Zone takes pride in its vibrant business ecosystem of developing new high-tech products and services, as well as spearheading the launch of a myriad of market-ready technologies for commercialization. Above all, the QSTP supports these technological endeavours by creating a space for creative minds with state-of-the-art offices and facilities that are tailor-made to fit the needs of various tech-based companies.
There are four overarching themes – Energy, Environment, Health Sciences, and Information & Communication Technologies – all of which are designed to facilitate Qatar’s initiatives to build a better, more sustainable, and more diverse economic development. Advantages of joining the QSTP include the following, among others:
- Lease in multi-occupancy buildings
- Competitive rental charges for state-of-the-art offices and facilities
- Professional services and support for new start-ups, existing SMEs, local and multinational companies, research institutes, and public sector agencies
- 100% foreign ownership in the Free Zone
- Tax-free exemptions
- Duty-free import of equipment and tools
- Strategic location in the North campus of Qatar Foundation’s Education City
- Advanced fibre optic network
- Onsite café and bank
All applicants must first be assessed with various criteria. This will be based on the prospective tenant’s level of investment in Permitted Activities specified. This will include data on the number of staff that is directly employed in technology development, as well as the level of financial investment and resources in technology-related products, processes, or services including consulting services and research and development.
After which, the company will be required to submit various documents, which can be downloaded from the QSTP website. You can check to see if your company is eligible with the following guides: the QSTP Initial Application Guideline, the QSTP Executive Guide to Free Zone Licensing, the QSTP Free Zone Regulations, the QSTP Entry Criteria & Permitted Uses, Registration Guide, and so on.
The QSTP is home to a wide variety of institutions that foster technological growth and advancement in the field. Leading universities, research centres, SMEs, international corporations, and other educational institutions are all committed to investing their time and talent to boosting new technology development, as well as creating innovative new products that are unlike anything the world has ever seen.
Afreno is a Business Consultancy that draws on its long presence, over 10 years in fact, in the field of forming companies, while capitalizing on its impressive know-how at both local and international levels. This endeavor also extends to developing local partnerships and offering excellent opportunities in real estate.
Unlike any other Business Consultancy company in the State of Qatar, Afreno includes under its umbrella three closely-linked comprehensive services: business advice, legal negotiation and real estate possibilities. This means that any project, however complex, can be dealt with in all its aspects. Added to this is our wide range of reliable clients and trusted business contacts, plus our up to the minute awareness of what is going on in the markets, whether GCC or local. Your business venture will be backed by our in-depth knowledge, the valuable connections we have built over time, and our solid reputation, ensuring that you succeed quickly, whatever enterprise you are involved in. All this will be achieved with the minimum of stress; unsurprisingly Afreno has become the point of reference for anyone wishing to incorporate or grow their business in the local market.