How to prove substance? Lol very difficult to setupFinished the call with the rep, apparently they want my CV, past track record, set up cost is very reasonable, 20 year tax holiday is applicable with a certificate, good option if you can prove substance and dont try to show that you are choosing qatar only for 0 tax lol
It would be trading and light manufacturing or light production, do you know a better jurisdiction?Greetings!
From my own experience, opening a Qatar FZ company is such a headache. I would rather suggest another jurisdiction, based on what exactly your company would be doing.
I would suggest Dubai in that case. 4 to 5 weeks you have everything from the company setup to corporate bank account for a fraction of what Qatar FZ would cost.It would be trading and light manufacturing or light production, do you know a better jurisdiction?
Dubai is not tax free, qatar gives an official 20 year tax holiday certificate, how is dubai less costly plus better?I would suggest Dubai in that case. 4 to 5 weeks you have everything from the company setup to corporate bank account for a fraction of what Qatar FZ would cost.
I have many entrepreneurs from Qatar who establish a Dubai company with me because of the serious bureaucracy involved in Qatar.Dubai is not tax free, qatar gives an official 20 year tax holiday certificate, how is dubai less costly plus better?
Just until you get to it the trouble will start. Opening a bank account today is not without "problems" these days not even in qatar!Need to contact them and ask if your business industry is supported first.
I think if they accepted your business, bank account opening would not be a problem
Why not Dubai? They have changed rules for Free Zones lately.Any news for FZCO in Qatar ? E commerce business with certificate 0 corporate tax ?
Still 9% tax bro and banking here is very difficultWhy not Dubai? They have changed rules for Free Zones lately.
What industry are you in? IP license/sale/lease is now 0%, IP includes software and lot of other stuffs. Any deal with a non-free zone entity is 0%, provided the transaction is for qualifying activity. Many more updates coming.Still 9% tax bro and banking here is very difficult
I’m doing e commerce with natural persons outside of UAE and GCC, still 9% I think ?What industry are you in? IP license/sale/lease is now 0%, IP includes software and lot of other stuffs. Any deal with a non-free zone entity is 0%, provided the transaction is for qualifying activity. Many more updates coming.
I really miss @Fred , he was right after all.
so SaaS would be a qualifying activity? It's not clear to meWhat industry are you in? IP license/sale/lease is now 0%, IP includes software and lot of other stuffs. Any deal with a non-free zone entity is 0%, provided the transaction is for qualifying activity. Many more updates coming.
I really miss @Fred , he was right after all.
yup, b2c ecommerce is 9%I’m doing e commerce with natural persons outside of UAE and GCC, still 9% I think ?
I’m selling services online
SaaS would qualify, but you should have either created/modified/enhanced it in some waysso SaaS would be a qualifying activity? It's not clear to me