Article 11 – Licensing of operations

1. Notwithstanding any provision to the contrary in any other law or regulations of the State but subject to paragraph 2 of this Article, the QFC Authority shall have the exclusive power to approve, authorise or license corporations, individuals, businesses and other entities to incorporate or establish in the QFC or to carry on Permitted Activities in or from the QFC and to determine the terms and conditions on which such approvals, authorisations or licences may be issued, the conditions which must be satisfied for the grant of any such approval, authorisation or licence and the types of business which may be conducted pursuant thereto.
2. Notwithstanding the provisions of paragraph 1 above, no Regulated Activities shall be conducted in or from the QFC save pursuant to an appropriate approval, authorisation or licence from the Regulatory Authority.
3. Unless specified to the contrary by this Law, the setting up and regulation of businesses and the incorporation of companies or other entities in the QFC and the conduct of such businesses in or from the QFC shall be governed exclusively by the provisions of and be regulated as provided by and pursuant to this Law and Regulations.
4. To the extent that any person, company or entity is licensed in accordance with this Law and regulations made pursuant thereto to carry on any business in or from the QFC, such person, company or entity shall require no further licence, consent, permit, membership or registration in the State in order to carry on such business in or from the QFC and, subject as provided in this Law, in carrying on such business, such person, company or entity shall be subject to supervision, regulation and enforcement procedures only as provided by this Law and regulations made pursuant to it.

The approval, authorisation, licensing, supervision or regulation of any business conducted by a person, company or entity approved, authorised or licensed in accordance with this Law shall (subject only as provided in Article 18) fall outside the jurisdiction of the other institutions of the State, including but not limited to:
4.1. The Ministry of Economy and Commerce;
4.2. The Qatar Central Bank;
4.3. The Qatar Commercial Registry;
4.4. The Qatar Chamber of Commerce and Industry; and
4.5. The Municipality of Doha,
and laws relating to the approval, authorisation, licensing, supervision or regulation of business which would apply to such persons, companies or entities but for this Law shall not apply to the conduct of business by such persons, companies or entities, to the extent they regulate matters the subject of Regulations made under this Law or to the extent they are otherwise excluded by, conflict with or are inconsistent with such Regulations.