Available now on the official website of the Ministry of Commerce and Industry (MoCI), the Qatar Business Map portal offers efficient commercial registration data verification services for transparency. This initiative is to boost the corporate sector and strengthen its capabilities, ensuring the commitment of the ministry to create more efficient processes and to further bolster transparency in the industry.
This new initiative is in accordance with the requirements of Law No. 1 of 2020 on the Unified Economic Register. Here, economic and financial transactions must be transparent for all parties, which supports the compilation of documents, data and basic information for legal arrangements, freelancers, economic establishments, non-profit institutions and more. All the information must be readily available to the public as well as with various stakeholders.
In accordance with the requirements of the Financial Action Task Force (FATF), the portal aims to offer users a comprehensive database where everyone can view investment advantages in the different regions of the State. A search service lets users check statistics, commercial licenses, commercial establishments and so on.
The Qatar Business Map portal also lets business owners access target customers in a more efficient manner by showing them ideal locations to set up their establishments as well as how to check potential competitors in the market.
This initiative can improve the overall business sector in Qatar as well as facilitate audits and periodic inspections. Misleading data will also be reduced, making sure that any kind of business opportunity will be more appealing, especially for international markets.
Furthermore, a QR code will be issued along with documents released via the ministry’s Single Window platform. This will help the authorities check the commercial registration data as well as verify the validity of documents.
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