CIPR 1.2.3 Business customers — bodies corporate with certain levels of assets or turnover

A customer of an authorised firm is a business customer if the customer is any of the following:

(a) a body corporate that has (or, at any time during the previous 2 years, has had) either:
(i) called-up share capital, or net assets, of QR 18 million or more; or
(ii) annual net turnover of QR 30 million or more;
(b) a body corporate that has a holding company or subsidiary that has (or, at any time during the previous 2 years, has had) either:
(i) called-up share capital, or net assets, of at least QR 18 million; or
(ii) annual net turnover of QR 30 million or more;
(c) a partnership or unincorporated association that has (or, at any time during the previous 2 years, has had) either:
(i) net assets of QR 18 million or more (calculated, in the case of a limited partnership, without deducting loans owing to any of the partners); or
(ii) annual net turnover of QR 30 million or more.
Derived from QFCRA RM/2019-2 (as from 1st January 2020).