The Qatar Financial Centre has reduced the application fee for licensing an entity on its platform for non-regulated activities by 90%, lowering it to USD 500 from USD 5,000. The new fee applies to all applicants seeking a licence to conduct non-regulated activities in the QFC, excluding Single Family Offices. The change is positioned as part of broader steps to simplify business set-up, alongside an incorporation process that enables eligible applicants to instantly establish an entity and obtain a licence for non-regulated activities once requirements are met.