Some people will take any risk to avoid taxes and other unpleasantness. I prefer not to get into such situations, so I am forced to just think about establishing a company in the Sahara. 
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Moroccan's Sahara : 0% CIT 0% Income Tax 0% VAT
- Thread starter SasuT
- Start date
Getting banking should be quite simple, also they probably wont bother you too much with KYC about incoming transfers etc. You'll only start to see issues when you need to move your money out of the country, best of luck with that.
I will crawl unarmed through a valley of every dangerous famished wild and poisonous animal in the Universe, except the human animal who is a "public servant"...unless, of course, there are NO witnesses or cameras for the latter one.
PS. I'm NOT even joking about this.
This is the easiest thing to do. What is endemic to Morocco that is highly regarded in other countries? Think Phosphates
PS. But it requires a LOT of work. I don't know anything that can be accomplished without work. I wish I did
from Google:
People also ask
Does Morocco have a gold mine?
> The Tiouit gold deposit is located in the eastern part of Jbel Saghro, about 22 km to the south-east from the town of Boumalne-n-Dades. The mined mineralized bodies are in the form of intra-granodioritic lenticular veins.
People also ask
Does Morocco have a gold mine?
> The Tiouit gold deposit is located in the eastern part of Jbel Saghro, about 22 km to the south-east from the town of Boumalne-n-Dades. The mined mineralized bodies are in the form of intra-granodioritic lenticular veins.
The first to open a company there should win a Gold membership - on the condition that he writes a full report on the experience. @Forester @Sols and other mods please approve
I don’t know about cargo trains, but roads and cars exist in Morocco and it doesn’t seem so difficult to reach the southern region. Only if you adventure down to the border you must travel in a convoy.
He means the Iron Ore train in Mauritania which runs just south of the border of Western Sahara / Morocco.
One of the longest trains in the world. "Passenger cars are sometimes attached to freight trains, but more often passengers simply ride atop the ore hopper cars freely. Passengers include locals, merchants, and occasionally some adventure tourists."
See An exhilarating train journey across the Sahara
https://wildmanlife.com/riding-worlds-longest-iron-ore-train-sahara-desert-mauritania/
The best way to reach those places is by air IMHO.
I flew from Las Palmas to Agadir with BinterAir and surely enough there are direct flights both to Dakhla and El Aaiún.
I guess one could setup a company in western Sahara, create some substance and spend a lot of time in the Canary islands.
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stay away from anything EU.
There are reasonably priced mansions in Morocco, for example: https://www.jamesedition.com/real_estate/morocco/villa-rama-11183421 https://www.jamesedition.com/real_estate/marrakech-morocco/marrakech-house-12231868
Really, it depends on your angle of view.
To be exact, Moroccans take it so. Hence yes, a Moroccan bank I expect to open an account for a Dakhla company...
Well, I will open it for a discussion...I think i just came up with one the greates hacks of 2024 LOL
What about setting up a UK LTD treaty non-resident in Dakhla?
Since UK and Morocco have a DTA you end up having a tax free company with the prestige of a UK company.
I never came up with this idea because i didn't know that Wester Sahara companies are infact Moroccan companies.
What about setting up a UK LTD treaty non-resident in Dakhla?
Since UK and Morocco have a DTA you end up having a tax free company with the prestige of a UK company.
I never came up with this idea because i didn't know that Wester Sahara companies are infact Moroccan companies.
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Ok, now it's getting interesting. I think the 0% CIT, 0% VAT is just for companies registered in the Western Sahara part of Morocco though. A foreign company might be treated worse. And Morocco like the rest of north africa has a quite difficult bureaucracy with generally high taxes - but Western Sahara is an interesting exception.
So how about having a foreign company, like a UK LTD treaty non resident, or US LLC owning the Western Sahara Moroccan company. Or well, even better move south to Senegal, Guinea, Guinea-Bissau or some country like that and just have a foreign company.
To be considered treaty non resident by HMRC you will need to provide a Moroccan TIN so basically you will open a branch in Dakhla, obtain your TIN and ask HMRC to be treated as non resident because you are resident in Morocco.
Obtaining a Moroccan TIN will open to the doors to te 0% CIT oasis
Think also about banking it’s the hardest part. Getting a bank is easy, getting funds to Morocco is easy but when you want to move your funds out to Morocco then the problems begin (MAD currency is not convertible)
Or you meant use your LLC/UK company to receive the funds?
Or you meant use your LLC/UK company to receive the funds?
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