The Qatar Financial Centre (QFC) has announced a significant reduction in its application fee for setting up a business in Qatar, slashing the cost by 90%, from $5,000 to just $500. This move is expected to provide a major boost to startups, SMEs, and international companies seeking to establish a presence in the country. In addition to the lower fees, QFC offers 100% foreign ownership, a transparent tax system, and a robust legal framework, making it an attractive destination for businesses. The reduced fee aims to make Qatar even more appealing as a hub for international trade and investment. This initiative is seen as a key factor in accelerating economic growth and further positioning Qatar as a leading global business destination.