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Business Services

Exempt Investors from the Prepayment Requirement (QFMA)

  • Last Updated 29 Jun, 2021
  • Service Type : E-Service
  • Service Mode : Online
  • Service Provider : Qatar Financial Markets Authority
  • Service Classification : G2B
  • Topic : Business and Finance
Intended Audience
Visitor:Business Owner
Citizen:Business Owner

Description

This service allows companies to apply for exemption from the prepayment requirement of the Financial Services Companies (members of the Qatar Stock Exchange) prior to the purchase order.

Online Instructions

  • Login to your account on the website of Qatar Financial Markets Authority (QFMA).
  • Select “Exempt Investors from the Prepayment Requirement” from the e-services list on QFMA homepage.
  • Click on “Apply E-Form”. 
  • Fill out the required information in the service application form and attach the following documents: 
    • Report on net liquid capital at the date of submitting the application
    • Separate written pledge from each client who applied for exemption as credible to the company and reputable
    • Pledge by the company that it is at all times responsible for settling purchases regardless of whether or not it has received the purchase value from its customer
    • Updated commercial register for corporate clients (applicant)
    • Updated QID card for individual customers (applicant)
    • Written letter from the client requesting an exemption grant from the pre-payment requirement.
  • Tick the checkbox to agree on the Terms of Service.
  • Click on "Submit".

Additional Information

In order for the application to be accepted, the following conditions should be met:

  • The company must be a member of Qatar Stock Exchange.
  • The client must have opened an account with the company requesting the grants for their benefit.
  • The order must be submitted by Qatar Stock Exchange.
  • Documents must be complete. 

Fees

No fees apply.

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