AIFC Authority and QFC Authority signed a MoU on cooperation in the field of data protection
The Astana International Financial Centre Authority (AIFC Authority) and the Qatar Financial Centre Authority (QFC Authority) have signed a Memorandum of Understanding on the sidelines of Astana Finance Days 2025.
The document establishes a framework for cooperation between the two leading financial centres in the field of data protection. The agreement aims to foster the exchange of knowledge, expertise, and best practices in safeguarding personal data, ensuring compliance with international standards, and supporting the secure development of digital financial services. The cooperation will also include joint initiatives such as capacity-building programmes, knowledge-sharing workshops, and the development of common approaches to address emerging challenges in data protection.
Bakhtiyar Tleubekov, CEO of the AIFC Authority, noted: «The protection of personal data is fundamental to building trust in financial markets. Through this partnership with QFC, we reaffirm our commitment to ensuring that robust and modern data protection practices are embedded across our ecosystem».
Yousuf Mohamed Al-Jaida, CEO of the QFC Authority, added: Data protection is fundamental to sustaining a thriving financial sector, building trust, and enabling secure cross-border business transactions. The QFC is committed to ensuring this through robust regulations that are effectively implemented and enforced. This partnership with the AIFC Authority allows us to extend this protection more broadly, benefiting the stakeholders and jurisdictions of both platforms.
The signing of the MoU marks another milestone in the strategic partnership between AIFC and QFC, reinforcing their role as leading hubs for financial innovation and cross-border collaboration in Eurasia and the Middle East.
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The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services.
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms.
