Doha, October 12 (QNA) - Chairman of Qatar Chamber HE Sheikh Khalifa bin Jassim Al-Thani announced that the Chambers membership fee will soon be reduced, with the aim to alleviate burdens on the private sector.

He pointed out that the Cabinets forthcoming decision in this regard aligns with the government's policy to facilitate the business environment and encourage investment in the state.

His Excellency emphasized the Chamber's commitment to easing the burdens on local companies, particularly regarding the membership fees. He noted that this initiative is in line with similar measures recently adopted by some ministries and government bodies.

The forthcoming decision is expected to include a 50 percent decrease in annual membership fees for shareholding companies, holding companies, and foreign companies involved in contracts with the state, lowering the fee to QAR 5,000.

For limited liability companies, general partnership companies, simple partnership companies, joint venture companies, and partnerships limited by shares, the annual membership fees will be set at QAR 500, regardless of the companys capital or type of activity.

As for the authentication and certification services, the fees remain fixed at QR 50. It is noteworthy that these fees have not changed since the issuance of Law No. 11 of 1990. (QNA)