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.
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.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 ?
Isn't it the company that get taxed and in this case 0% tax ?Also, it is not tax-free unless you are a GCC national living in Qatar.
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.Isn't it the company that get taxed and in this case 0% tax ?
In free zone it’s still 0%.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:In free zone it’s still 0%.
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And what if I want to open the company on my own name?You need to have a GCC national owner minimum 51%
:https://investor.sw.gov.qa/wps/port...Qatari,upon obtaining a ministerial approval.
Also, it is not tax-free unless you are a GCC national living in Qatar.
Have you read my link? There are rules and they won't open your company unless for abide by the law.And what if I want to open the company on my own name?
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 no tax ?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 ?
would you consider Qatar over Dubai ?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 are not so many European engineers/architects etc etc, however alcohol, while freely available, even too freely for the girliewhirlies of QR on their nights out, remains monstrously expensive.
To summarize its a nice place depending on what you want .................. but this if from a now 30 year resident in UAE.
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