You've come up with a really solid plan. It's so refreshing to see someone actually think through what they want and the options available. I'm impressed. Plus,︀ it’s a pretty smart way to avoid paying taxes.
My New 0% tax Setup in Qatar
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Corporate taxs are 10% on the part that is not owned by GCC nationals. Yes, as there is no real PE concept, you probably fly under the radar for quite some time.
I have reasonable doubt that this would apply to him. But if he is planning to open a production facility in Qatar, he could definitely apply:
https://qfz.gov.qa/industries/
https://qfz.gov.qa/industries/
Have you read my link? There are rules and they won't open your company unless for abide by the law.
Do you executed this plan and how is living in Qatar? I mean compared to Dubai where everyone is moving if they want privacy and almost no︀ tax ?
I can advise on the living in Qatar query - having lived and worked there up to the FIFA WC.
It is like Dubai perhaps 25 years ago, its glizty and show-off in some areas, but still there are wild natural areas to enjoy at weekends (that's Friday in Qatar).
Since the WC it has also rather emptied out, all construction is more or less complete, so there is no great headlong rush of projects, its all rather quiet and therefore not much business either these days.
Costs of living is gradually coming down especially accommodation as that had become crazily expensive, now there are︀ not so many European engineers/architects etc etc, however alcohol, while freely available, even too freely︁ for the girliewhirlies of QR on their nights out, remains monstrously expensive.
To summarize its︂ a nice place depending on what you want .................. but this if from a now︃ 30 year resident in UAE.
It is like Dubai perhaps 25 years ago, its glizty and show-off in some areas, but still there are wild natural areas to enjoy at weekends (that's Friday in Qatar).
Since the WC it has also rather emptied out, all construction is more or less complete, so there is no great headlong rush of projects, its all rather quiet and therefore not much business either these days.
Costs of living is gradually coming down especially accommodation as that had become crazily expensive, now there are︀ not so many European engineers/architects etc etc, however alcohol, while freely available, even too freely︁ for the girliewhirlies of QR on their nights out, remains monstrously expensive.
To summarize its︂ a nice place depending on what you want .................. but this if from a now︃ 30 year resident in UAE.
have you set this up or was it just in your head you had this setup and wanted input from OCT members?
Dubai has really attracted hundreds of thousands of fortune seekers over the past 10 years, including influencers and others who believe happiness can be found there. Qatar seems like an overlooked place with even better conditions for businesses operating internationally.
Have you given up on your business plans, or were you simply unable to establish a company, visa, and bank account in Qatar?
Have you given up on your business plans, or were you simply unable to establish a company, visa, and bank account in Qatar?
Didn’t try but I know people who use this setup in Malaysia for exemple and it works well so in Qatar should be the same. I really think I’m gonna move next year and I will update︀ you guys.
It also depends on the standard of living in Qatar compared to Dubai. Dubai is booming and super modern.
Qatar isn’t quite there yet, right?
Qatar isn’t quite there yet, right?
It's true, but Qatar is booming as well. Since the world cup, more and more people are going there and investing there. What are your thoughts about it?
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