Breakthrough in Qatar rules for airfreight market
Qatar this week passed a new law to regulate airfreight companies and asked existing operators to comply with its provisions within six months or face action, The Peninsula daily reported on Thursday.
According to the Qatar-based daily, for the first time, citizens of and companies from other GCC countries have been given the right to set up air freight firms in Qatar on their own.
The Peninsula reported that on genuine grounds, companies can request Qatar’s Civil Aviation Authority (CAA) for more than six months' time to conform to the new legislation.
Citizens of and companies from other GCC countries can also launch joint ventures with foreign partners provided they retain majority ownership of 51 percent in a joint entity, the daily added.
The above privileges have been extended to Qatari nationals and commercial establishments too, the paper said.
According to The Peninsula, “ companies applying for license must pay a deposit of QR100,000 ($27,498) or, alternatively, submit a bank guarantee for that amount. They are also required to submit engineering design of their warehousing facilities which should be certified by a locally licensed engineering consultancy.”
“A one-off licensing fee of QR10,000 must be paid. The validity of the license will be for a year after which it must be renewed and a fee of QR5,000 should be paid. Licensed companies are allowed to open branches but for each branch permission from the department concerned in the Civil Aviation Authority needs to be sought and an annual fee of QR2,500 should be paid.”