In order to realise its objectives, the QFC Authority shall have the following powers:
1. to provide infrastructure, premises, administrative services and any other services required for realising the QFC's objectives;
2. to co-operate and enter into arrangements with states, international financial and business centres and other bodies, institutions and organisations;
3. to arrange for the proper administration and operation of the QFC and to delegate powers to the Director General in this regard as it thinks appropriate;
4. to submit Regulations
to the Minister
in accordance with Article 9
5. to approve, authorise and license persons, companies and other entities which may be authorised pursuant to this Law that wish to conduct their business at the QFC (whether by establishing a branch or other business in the QFC or by incorporating or establishing a new company or entity therein) provided that such persons, companies and other entities shall not be permitted to conduct any Regulated Activities unless they have received an appropriate approval, authorisation or licence from the Regulatory Authority;
6. to streamline business procedures between the various entities that operate within the QFC and any other bodies outside the QFC;
7. to charge and collect fees for services provided by the QFC Authority or any QFC Institutions;
8. to provide advice to the State on any appropriate double tax treaties;
9. to undertake any other tasks or duties relating to the QFC that may be entrusted to it by the Council of Ministers;
10. to enter into arrangements with such providers as the QFC Authority shall determine to provide information technology and communications services and equipment in the event that Qatar Telecom (Qtel) Q.S.C. is unable or unwilling to provide such services and equipment to a standard or in a manner or on terms sufficient for the purposes of the QFC or of activities carried on within the QFC, in which case Qatar Telecom (Qtel) Q.S.C. shall promptly provide and maintain all such interconnections and interfaces with its own networks and equipment as shall be necessary or desirable to facilitate the function or use of such services and equipment within the QFC;
11. to form companies and other entities for the purpose of carrying out any of its functions;
12. to appoint an Advisory Board to provide advice to the QFC Authority on a strategy for achieving its objectives and such Advisory Board shall comprise persons with international experience as to the operation of bodies similar to the QFC Authority.
13. to appoint employees, consultants and any other service providers as the QFC Authority deems necessary or desirable; and
14. all other powers provided for in this Law or otherwise reasonably considered by it to be necessary, desirable or appropriate to achieve, further or assist in relation to any of the above.
The QFC Authority shall be free to exercise or to delegate whatever will assist the QFC Authority to carry out its functions or powers under this Law (save to the extent described herein) and any subsequent laws, rules or regulations applicable to it in such manner as it shall determine in its sole and unfettered discretion.