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International Financial Relations and Organisations ​

International Financial Relations and Organisations Department​


The International Financial Relations and Organisations Department takes on the important role of liaising internationally with the financial bodies of countries around the world.

This department is in charge of the following tasks and competencies:
  • Negotiating with world nations on concluding agreements to avoid double taxation on income and agreements for promoting and protecting investment, exchanging tax information, and following up the implementation with the relevant authorities after endorsement.

  • Issuing local tax certificates to institutions, corporations and individuals (Tax Domicile Certificate).

  • Participating in the joint economic commissions and providing suggestions and mechanisms to promote international financial relations, and following-up the implementation of related recommendations.

  • Following-up matters related to ministry competencies regarding anti-money laundering and counter-terrorism.

  • Gathering and exchanging information and data of natural and juridical persons licensed in the State, including free zones, adhering to the State's commitments regarding international tax agreements.

  • Participating in gathering information and organising data regarding donations and foreign aids granted by the State in coordination with the competent authorities.

  • Following-up on the payment of financial obligations of the State to regional and international financial institutions, development funds, and corporations in which the State has shares and which operate under the supervision of the State.

  • Coordinating with regional and international development funds and financial institutions in respect of international aid programmes.

  • Examining development projects and programmes​ launched by development funds, and regional and international financial institutions to benefit from them to serve the various sectors of the State.

  • Strengthening cooperation with countries, organisations, development funds, and regional and international financial institutions.

  • Following-up on collecting return on investments for the State in development funds, and regional and international financial institutions in coordination with the General Revenue Department.

  • Coordinating with the concerned authorities to promote the State’s global financial competitiveness.

  • Preparing international Memorandums of Understanding with other countries to enhance the financial position of the State.

  • Preparing for the participation of the ministry in the meetings of regional and international development funds and financial institutions.

  • Any other tasks related to the competencies of the department, or entrusted to it by the Assistant Under Secretary. ​


Page last updated : 24/04/2018 11:38 AM