90 Days for Bahrain Gold visa

[JustAnotherNomad]

How is Oman? I have seen corporate service providers try to push Oman companies now that UAE companies are less attractive, but isn't Oman planning to introduce CIT as well?

 

[daniels27]

How is Oman? I have seen corporate service providers try to push Oman companies now that UAE companies are less attractive, but isn't Oman planning to introduce CIT as well?

I thought they had a 15% CIT:
https://taxsummaries.pwc.com/oman

 

[ActionMan]

You tried Oman?

Yes. Have an equity in a tuna factory there. fish is basically free

 

[ActionMan]

How is Oman? I have seen corporate service providers try to push Oman companies now that UAE companies are less attractive, but isn't Oman planning to introduce CIT as well?

they have 15% CIT. but 3% for companies that make $250k per year (you can reduce it to pay basically nothing). Great place nonetheless. ticks a lot of boxes for me.


UAE, Oman and Bahrain are the only choices in this region. I looked into saudi arabia as an exotic destination, but the Zakat taxation and other things make it a less desirable place to do business.

I thought they had a 15% CIT:
https://taxsummaries.pwc.com/oman

see above answer.

 

[JustAnotherNomad]

Bahrain doesn't have any cheaper visas? Like a freelance visa or something? Or some employer of record selling visas for cheap?

 

[JackAlabama]

they have 15% CIT. but 3% for companies that make $250k per year (you can reduce it to pay basically nothing). Great place nonetheless. ticks a lot of boxes for me.


UAE, Oman and Bahrain are the only choices in this region. I looked into saudi arabia as an exotic destination, but the Zakat taxation and other things make it a less desirable place to do business.

see above answer.

since youre well versed in the Gulf, how about Qatar?

 

[daniels27]

since youre well versed in the Gulf, how about Qatar?

Qatar, you need a Qatari owner that owns 51%. And you pay 10% taxes on the part of the profit that is not owned by GCC nationals.

@ActionMan you have some factory there too?

 

[ActionMan]

since youre well versed in the Gulf, how about Qatar?

flat 10% tax rate. you can mitigate that by having an offshore company with a director elsewhere. their PE rules are not strict and are mainly directed at big projects or construction works in the peninsula. no WTH, no CFC, No hybrid rules, no GAAR as well. a good (albeit small) place if you know your ways.

Qatar, you need a Qatari owner that owns 51%. And you pay 10% taxes on the part of the profit that is not owned by GCC nationals.

Nah, if your business qualify for "permitted activities" under QFC, you can form an LLC there and you will pay 0% taxes on all foreign income, holding, professional, admin companies are allowed. 5k per year, 50 USD to add any additional activity you wanna carry on with your business.

@ActionMan you have some factory there too?

Maybe, maybe not.

 

[daniels27]

Nah, if your business qualify for "permitted activities" under QFC, you can form an LLC there and you will pay 0% taxes on all foreign income, holding, professional, admin companies are allowed. 5k per year, 50 USD to add any additional activity you wanna carry on with your business.

Yes, those:
https://www.qfcra.com/permitted-activities/

But what about running an online business targeting US clients. Selling digital / physical goods to the US market?

We once had a long discussion about Qatar setup with a US LLC "hiding" from PE rules:

C

Thread 'My New 0% tax Setup in Qatar'

Jan 18, 2024

Hello guys, I would like to share you my new setup to avoid tax.

Living in Qatar, obtain resident visa with 200k usd investment, like 1 bed apartment with great view.
US LLC Delaware —> Stripe
EMI —> Revolut Business
Personal account in Qatar

Living in Qatar at least 7 months (October - May)

PE in Qatar = 0% tax
No US Clients
0% CIT
0% income tax

What do you think ?

• Checkmelater
• Replies: 48
• Forum: Tax, Accounting, Licensing & Legal

• 
• 

You think this would be possible even with a direct Qatari company if you live there and only sell elsewhere than GCC?

 

[ActionMan]

Yes, those:
https://www.qfcra.com/permitted-activities/

But what about running an online business targeting US clients. Selling digital / physical goods to the US market?

What about it? you form a US LLC for US clients, agent, office, services are there? what more to ask? NO PE, and No CFC rules.

they don't ask @daniels27. period.

You think this would be possible even with a direct Qatari company if you live there and only sell elsewhere than GCC?

It’s relatively easy and cost-effective to open a QFC company, especially compared to Dubai. For administrative purposes or as a holding company, it’s an excellent choice. Plus, it enjoys a better reputation than the UAE.

you will find lots of regional banks (ADIB) and international banks as well (Barclays, citi...etc) available if you ever need them.

P.S: it's a terrible place. please don't go there lol.

 

[JustAnotherNomad]

I have checked with someone who said Bahrain companies are about $10k per year including visa etc. - that's through a corporate service provider, so they take a cut. They said it would probably be possible even cheaper if you DIY.

 

[JustAnotherNomad]

Qatar and the UAE also have different tax treaties. Depending on where else you do business, that may be interesting.

 

[Armani]

Yes. Have an equity in a tuna factory there. fish is basically free

Nice.
Is it good the business enviroment there?
Do you see any opportunities in other sectors?

 

[daniels27]

I have checked with someone who said Bahrain companies are about $10k per year including visa etc. - that's through a corporate service provider, so they take a cut. They said it would probably be possible even cheaper if you DIY.

Yes, but they afaik all have audit requirements. You can get down a bit, but it will be still substantial.