**Qatar Financial Centre Unveils Digital Assets Framework**

The Qatar Financial Centre (QFC) in Doha has rolled out a comprehensive regime for regulating digital assets. This new framework, aligned with the Qatar Central Bank’s strategy, covers tokenization, property rights, custody, transfer, and smart contracts.

Key highlights:

- Legal recognition of digital assets and smart contracts.

- Up to 100% foreign ownership and profit repatriation.

- Competitive 10% corporate tax on local profits.

The initiative aims to bolster Qatar’s digital transformation, ensuring a secure and transparent digital asset ecosystem. Developed with input from 37 global organizations, the framework is part of Qatar’s broader Third Financial Sector Strategy, launched in November 2023. The QFC’s Digital Assets Lab has already onboarded over 20 startups to innovate in this space.