Legal Form

Legal Structure in Qatar and awareness of home country regulator that the proposed applicant intends to establish a subsidiary or branch in the QFC.

The Authorised Firm will be a newly established Qatar entity.

All other regulating bodies are aware of the groups macro strategy that includes territories such as Qatar.

The Group undertakes that the home country regulator [UK] is aware of this application for the establishment of [in the QFC. Further, the Authorised Firm will not be a branch; it will a fully functioning regional centre, operating in time as a dual head office with London.

Intra-group dependencies

The Authorised Firm will operate as a stand alone operation with all Control Persons employed in Qatar and being based in Qatar. Oversight will be provided by the Group’s board and professional staff.

Establishment of a branch in the QFC

Why Qatar?

The QFCRA is an eminent regulatory authority, among others, that represents MENA and Sub-Saharan Africa on the international stage; QFCRA’s active membership of and participation in IOSCO’s work through the Africa/ Middle East Regional Committee, Growth and Emerging Markets Committee is vital for the entire continent.

For those reasons, Tintra plc made the key decision very early on that creating a bank to support business across Africa would be best done supported by committing to the best practice standards, frameworks and safeguards that are required as part of being regulated by the QFCRA.

Tintra will operate from Hub offices in the four key license areas above and, as part of this, implement a ‘Spoke-Network’ business model of local EMI providers as we integrate in-country partners into the Tintra technical tack and systems architecture.

We will have local operations and technical supports teams to manage our activities in each country and customer service teams to support the business development of Tintra and our clients.

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