(1) A QFC Company that is wholly owned, directly or indirectly by one or more Qatari Persons, is eligible to own, or have a usufruct in, Real Estate located anywhere in the State.
(2) For the purposes of these Regulations, the following are considered a Qatari Person:
(a) entities established, licensed or incorporated in the State of Qatar that are wholly owned by one or more Qatari natural persons;
(b) entities listed on the Qatar Stock Exchange or any other regulated exchange in Qatar;
(c) entities wholly owned by entities listed on the Qatar Stock Exchange or any other regulated exchange in Qatar;
(d) entities wholly owned by entities whose budget is financed by the State, including ministries, public institutions, agencies and authorities; and
(e) entities wholly owned by private institutions for public benefit which receive financial subsidies from the State.
|Inserted (as from 6th July 2021).|