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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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.
