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Tribune News Network
Doha
Qatar Financial Centre (QFC) on Wednesday highlighted the strategic role of the aviation industry as an integral component of the global economy and showcased its suitability as an aircraft financing and leasing destination during a webinar.
Entitled ‘A New Frontier in Aircraft Finance’, the webinar was held in collaboration with PwC, K&L Gates, Magi Aviation Capital, Aventicum Capital Management and Qatar Free Zones Authority (QFZA).
Providing a comprehensive overview of the latest developments in the aviation industry, the webinar participants discussed current market trends amid the challenges of the COVID-19 outbreak. They also identified key factors required to boost growth in the aircraft finance and leasing sector, noting the QFC’s competitive offering in this regard and also highlighted emerging opportunities in Qatar’s wider aviation sector.
Led by QFC Authority CEO Yousuf Mohamed Al Jaida, QFC Director of Tax Salah Gueydi, QFC Legal Director Roscoe Banks, PwC Middle East’s Qatar Tax Leader Sajid Khan, K&L Gates Partner Sidanth Rajagopal, Magi Aviation Capital CEO Sean Cleghorn, Aventicum CEO (MENA & Frontier Markets) Fahmi Alghussein and QFZA’s Head of Aerospace, Logistics and Maritime John Gould, the thought-provoking webinar showcased the conclusions of the latest reports on the suitability of the QFC’s Tax and Legal Regime for aircraft financing and leasing. The speakers also discussed the QFC as a new frontier market in aircraft finance.
QFC Authority CEO Jaida said, “While the international airline industry continues to recover from the devastating effects of the COVID-19 pandemic, the development of new vaccines will no doubt begin to revive international travel. The aviation industry is, at the same time, re-organising itself in ways that will make it more resilient to global challenges and the private sector will no doubt play a critical role in this.
“We believe that the QFC provides a competitive alternative environment from which players in the aircraft industry can grow their business and the views of the industry experts expressed during today’s webinar only serve to confirm this.
“Backed by our well-developed and comprehensive legal and tax regimes, the QFC is well suited to serve as a hub for the aircraft financing and leasing industry and to further contribute in boosting the growth potential of this sector in Qatar and the region.”
The QFC is an onshore jurisdiction that allows registered companies to enjoy competitive benefits, such as up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally-sourced profits and an extensive double taxation treaty network with over 80 countries, a legal environment based on English common law and the right to trade in any currency.
Doha
Qatar Financial Centre (QFC) on Wednesday highlighted the strategic role of the aviation industry as an integral component of the global economy and showcased its suitability as an aircraft financing and leasing destination during a webinar.
Entitled ‘A New Frontier in Aircraft Finance’, the webinar was held in collaboration with PwC, K&L Gates, Magi Aviation Capital, Aventicum Capital Management and Qatar Free Zones Authority (QFZA).
Providing a comprehensive overview of the latest developments in the aviation industry, the webinar participants discussed current market trends amid the challenges of the COVID-19 outbreak. They also identified key factors required to boost growth in the aircraft finance and leasing sector, noting the QFC’s competitive offering in this regard and also highlighted emerging opportunities in Qatar’s wider aviation sector.
Led by QFC Authority CEO Yousuf Mohamed Al Jaida, QFC Director of Tax Salah Gueydi, QFC Legal Director Roscoe Banks, PwC Middle East’s Qatar Tax Leader Sajid Khan, K&L Gates Partner Sidanth Rajagopal, Magi Aviation Capital CEO Sean Cleghorn, Aventicum CEO (MENA & Frontier Markets) Fahmi Alghussein and QFZA’s Head of Aerospace, Logistics and Maritime John Gould, the thought-provoking webinar showcased the conclusions of the latest reports on the suitability of the QFC’s Tax and Legal Regime for aircraft financing and leasing. The speakers also discussed the QFC as a new frontier market in aircraft finance.
QFC Authority CEO Jaida said, “While the international airline industry continues to recover from the devastating effects of the COVID-19 pandemic, the development of new vaccines will no doubt begin to revive international travel. The aviation industry is, at the same time, re-organising itself in ways that will make it more resilient to global challenges and the private sector will no doubt play a critical role in this.
“We believe that the QFC provides a competitive alternative environment from which players in the aircraft industry can grow their business and the views of the industry experts expressed during today’s webinar only serve to confirm this.
“Backed by our well-developed and comprehensive legal and tax regimes, the QFC is well suited to serve as a hub for the aircraft financing and leasing industry and to further contribute in boosting the growth potential of this sector in Qatar and the region.”
The QFC is an onshore jurisdiction that allows registered companies to enjoy competitive benefits, such as up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally-sourced profits and an extensive double taxation treaty network with over 80 countries, a legal environment based on English common law and the right to trade in any currency.
