QFC launches ‘Tech Talk Series’ to engage fintech community
17 Nov 2020 – 9:05
An expert delivering a presentation during the inaugural episode of the ‘QFC Tech Talk Series’.
Doha: The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has launched the ‘QFC Tech Talk Series’, to encourage financial technology (Fintech) firms, experts and innovators from across Qatar’s digital innovation ecosystem to share ideas, network and explore opportunities spanning different verticals.
The inaugural episode of the ‘QFC Tech Talk Series’ featured Marwan Mahmoud, Founding Member, Doha Tech Angels, who shed light on the current Fintech investment climate in Qatar and beyond. His talk gave participants a vital economic overview of Qatar’s Fintech space, including investors’ expectations, and also the state of research and development in financial institutions. He touched on intellectual property transfer and monetisation, next-generation transactions and the blockchain phenomena, social media convergence and microfinance, in addition to highlighting aspects of cybersecurity, trust and regulation.
Commenting on the launch of the flagship talk series, Henk Jan Hoogendoorn, Managing Director, Financial Sector Office at QFC, said: “The QFC Tech Talk Series is yet another important development in bolstering connectivity across Qatar’s Fintech ecosystem. As a main licensing platform and Fintech enabler for local and international firms in Qatar, we are glad to be engaging firms, practitioners and innovators.”
Hoogendoorn added: “Complementing our attractive package of incentives and benefits for FinTech companies looking to set up at the QFC, we waive the application fee of $5,000 and also the first-year annual registration fee of $5,000 for qualified FinTech companies. Most importantly, through our upcoming launch of the QFC FinTech Circle, we will provide shared workspace and a registration address on our FinTech floor, rent-free for the first 12 months, for qualified firms.”
The QFC is an onshore jurisdiction that allows registered companies to enjoy competitive benefits, such as up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally sourced profits, and an extensive double taxation treaty network with over 80 countries, a legal environment based on English common law and the right to trade in any currency.