• SCHEDULE 3 SCHEDULE 3 – Permitted Activities

    Subject as provided in this Law or Regulations, the following business activities may be carried on in or from the QFC:—

    • Part 1 – activities which, subject as provided in Regulations, shall be Regulated Activities

      1. financial business, banking business of whatever nature, and investment business, including (without limit) all business activities that are customarily provided by investment, corporate and wholesale financing banks, as well as Islamic and electronic banking business;
      2. insurance and reinsurance business of all categories;
      3. money market, stock exchange and commodity market business of all categories, including trading in and dealing in precious metals, stocks, bonds, securities, and other financial activities derived therefrom, or associated therewith;
      4. money and asset management business, investment fund business, the provision of project finance and corporate finance in all business fields and Islamic banking and financing business;
      5. funds administration, fund advisory and fiduciary business of all kinds;
      6. pension fund business and the business of credit companies;
      7. the business of insurance broking, stock broking, and all other financial brokerage business,
      8. financial agency business and the business of provision of corporate finance and other financial advice, investment advice and investment services of all kinds;
      9. the provision of financial custodian services and the business of acting as legal trustees;

    • Part 2 – activities which, subject as provided in Regulations, shall not be Regulated Activities

      10. the business of Ship Broking and Shipping Agents
      11. the business of provision of classification services and investment grading and other grading services;
      12. business activities of company headquarters, management offices and treasury operations and other related functions for all kinds of business, and the administration of companies generally;
      13. the business of providing professional services including but not limited to audit, accounting, tax, consulting and legal services;
      14. business activities of holding companies, and the provision, formation, operation and administration of trusts and similar arrangements of all kinds; and
      15. the business of provision, formation, operation and administration of companies.

      The provision of services (other than services which are Permitted Activities) to any of the above by third parties shall not be a Permitted Activity, so that a company or business that wishes to provide services to companies carrying out Permitted Activities within QFC may only do so in accordance with, and provided it complies with, the general requirements of the laws of the State.