Qatar (QA)

Jurisdiction Overview

IDQuestionAnswer
206 *Is any formal registration required at all? ONLY DOMESTIC: Domestic law trusts have to register, but no registration of domestically managed foreign law trusts.
 Data Date: 2017

Notes

 
Only Waqfs are reuired to register. According to the Global Forum, "Identity and ownership information on waqfs (including that of its beneficiaries) is kept directly by the Waqf Administration, Ministry of Endowments and Islamic Affairs, which acts as a Nadir (Waqf administrator) for all Waqfs in Qatar." (GF 2017: 57).
 
However, foreign trusts are not required to register: "trusts are not subject to specific registration or record-keeping obligations in Qatar" (ibid.: 55). While some reporting is required to the tax authorities, it applies only to trustees who are defined as taxpayers:: "In terms of tax obligations in Qatar, a trustee who falls under the definition of taxpayer would be required to register with the tax authorities and file a tax return. The trustee may need to provide some information to the Tax Department regarding the identity of the settlor and beneficiaries (the first level of ownership). However, there is no requirement that all natural persons in a chain of ownership be identified. Accordingly, it is uncertain that all beneficiaries of a trust would be identified, as required under the standard." (ibid.: 56).

Sources

GF 2017: 55-56