Establishment of the Unified Economic Register Unit in Qatar

Following our previous alerts on the issuance of the Unified Economic Register Law No. (1) of 2020 and its Executive Regulations No. (12) of 2020, the Minister of Commerce and Industry has decided to establish the Unified Economic Register Unit under the Registration and Licencing Department. The decision was issued on 12 June 2022 and has been published in the Official Gazette on 19 June 2022 (the “Decision”). 

The Decision listed the responsibilities of the Unified Economic Register Unit. These responsibilities and functions included the following:

  • Implementing the provisions of the law and the regulations relating to the unified economic register;
  • Maintaining, managing and supervising the unified economic register;
  • Operating and managing an information system for the unified economic register, and defining the mechanisms for linking databases and the necessary information that must be exchanged between the unified economic register and the
  • competent authorities;
  • Preparing a database for the unified economic register, updating it on a continuous basis, and making it available to the public and the relevant authorities; 
  • Issuing certificates and extracts from the unified economic register upon payment of prescribed fees. 

It is noted that the Ministry of Commerce and Industry has been recently increasing its efforts to control and encourage all entities to submit or update their Ultimate Beneficial Ownership declarations. The issuance of the Decision and the establishment of the Unified Economic Register Unit emphasises the Ministry's keenness to implement the provisions of the Unified Economic Register Law and the importance for all addressed entities to move forward and register or update their filings. 

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.