Qatar freezone company

[uranium]

I agree with everything except for last part.
HK you have 2 problems:
Tax residency certificate: hard to get
Banking: only Emi
I prefer Qatar with real business bank︄ account than any Emi in any country.
Even Cayman Islands, check what OffshoreMonero wrote about︅ it; he said everything expensive but Banking is horrible.
So we are left with Qatar,︆ reliable banking and not on Grey list.
And setup cost is not as expensive as︇ Cayman.
I checked rental prices for real estate and it is cheaper than Dubai
If you have better option with tax free, real bank not emi, let me know

 

[sinos]

I find Qatar better than the other alternatives, but the only information︁ I can't seem to find - is the residency requirements for the Visa. Can we︂ travel to Qatar every 6 months to keep the visa valid, or do we have︃ to stay in Qatar for 3 months?

 

[Checkmelater]

How long a residence visa holder⁤ can stay outside Qatar?

How many days can I stay outside Qatar? You can stay⁣ up to 180 days (6 months) out of Qatar with a valid Residence Permit. To⁢ return after six months, you will need a Return Permit (re-entry permit) processed by the︀ sponsor.

Source: How to Get Qatar Return Permit (2023 Guide).

 

[Forester]

May I ask you a question (it's not⁠ much OT – IMO; otherwise sorry for that)?
In your perception, what's wrong with EMIs⁤ in general? Do you need some bank services that (TBMK) any EMI is unable to⁣ offer, like letters of credit, cheques, any type of loans, etc?
And what about Bahrein, if we speak about Gulf?

 

[Checkmelater]

Maybe soon Corporate Tax and I don’t think offer better life than⁣ Doha

 

[JustAnotherNomad]

What about KSA?

 

[Checkmelater]

Corporate Tax for Free Zone Company I‌ Think but I didn’t find any source 100% sure
If someone has informations ..
KSA seems to be great also. Less humidity than Qatar in summer weather is less hot‍

 

[AtMo]

Even if you fail to open bank accounts in Qatar. Is it still viable to‌ form a US LLC 100% owned by the Qatar free zone company and get banking‍ with US LLC?

 

[sinos]

You can use goods distribution as a⁠ Qualifying activity and send the funds to your Dubai LLC tax-free from Your US LLC⁤ bank account, which now has a PE in Qatar/Bahrain (Bahrain doesn't have corporate tax as⁣ of now).

 

[uranium]

With bank I can visit it in person and speak to manager⁣

 

[Forester]

Oh well. Yes, then I understand your position. (In such a case not‌ every bank is suitable for you; a lot of neobanks do not have any branches,‍ too; and some EMIs have offices with people able to speak with you – but⁠ it's a detail. Generally it is as you have said.)

 

[AtMo]

Could I just use a EU-based bank for my US LLC, and pay my salary to⁠ my EU-based personal bank account?

I don't think a Qatar bank account or Dubai LLC⁤ is required in this case. Or I'm missing something?

 

[sinos]

Sure, you can do that.

P.S. Don't consider any opinion presented as a qualified Tax⁤ opinion. Please consult a lawyer/tax professional.

 

[Anonymous1234]

I have a video conference call with qatar freezone, apparently they are promising me 20‌ year tax holiday, I saw that PWC claims qatar is a territorial tax country for‍ personal income taxation. I think I will explore this option and would take the tax⁠ holiday guarantee certificate if everything goes well, I saw a lot of international companies are⁤ moving to qatar from UAE? Qatar airport freezone has become a hot favourite of multinational⁣ companies moving out of uae. will update after the call.

 

[AtMo]

It's great. Is qatar crypto friendly BTW?

 

[uranium]

State of Qatar‌
Bitcoin Legal or Illegal: Illegal

The state of Qatar is a Western Asian country located‍ in the Middle East. Bitcoin and other cryptocurrencies are completely banned in the country's Qatar⁠ Financial Center (QFC). Qatar states that the reason behind the ban is weak compliance with⁤ know your customer (KYC) and anti money laundering (AML) regulations.

 

[sinos]

Which of the free zone? Please keep us updated on the application process for the︀ free zone, if in case you proceed.

 

[369]

infantino moved his residency to qatar 🙂

 

[hanoib]

@uranium can you PM me please. I can’t. Thanks!

 

[uranium]

I can't either
I didn't renew my subscription here so I cannot pm you