Incorporation of Qatar Companies

Over the last 15 years Qatar has emerged as an alternative financial centre in the Middle East, a competitor to Dubai with International Business in mind. Qatar has designed many types of local companies to facilitate the different needs of investors and international corporations which either want to trade within the UAE or want to take advantage of the banking secrecy and use the qatarcompanies for their tax planing solutions.

Main Tax Benefits

• Tax Free Corporate Tax (for sales generated outside the emirate)
• Tax Free Personal Income Tax
• No Inheritance Tax
• No Dividend Tax

Generally: Qatar is a tax free emirate as long as business is conducted outside the emirate.

We analyse below the most commonly used entity types used for international tax planing purposes

• Local Limited Liability Company ("LLC") 
• Free Zone Entity ("FZE") 
• International Business Company ("IBC") 
• Branch or representative office

Qatar has been very active with its vision to become a strong financial centre.

This is evident from the extensive double tax treaty network of more than  80 countries including

• Germany
• France
• India
• Indonesia
• Italy
• Luxembourg
• Malaysia
• Malta
• The Netherlands
• Singapore
• South Korea
• Ukraine
• Cyprus

In addition, the UAE has strong tax treaties signed with the below countries which are also used during our tax planing consultations

• United Kingdom
• Germany
• Egypt
• China
• France
• India
• Malaysia
• Sri Lanka
• Switzerland

Qatar (Wikipedia)

1. QFC Companies - Taxation

A. Corporation Tax
- 0% for sales outside Qatar
- 1% for profit generated from sales within the Qatar

B. VAT - N/a
There is no VAT in Qatar
 

C. Capital Gains Tax - N/a

There are no Capital Gains Taxes in Qatar.

D. Inheritance Tax - N/a
There is no inheritance tax in Qatar.

=> Overall:  QATAR companies are 100% Tax Free if sales are outside Qatar.

2. Personal Taxation

A. Dividend Tax - N/a

There is no dividend tax in Qatar.

B. Personal Tax - Zero
There is no personal tax in Qatar or in general in the UAE.

C. Withholding taxes
None on the following:

• Dividends
• Royalties
• Management services

D. Inheritance Tax - N/a
There is no inheritance tax in Qatar.

=> Overall:  QATAR shareholders and employees pay Zero Tax!

Our team of experts can facilitate any enquiry you may have from incorporating your company anywhere in the Middle East to banking, substance services and on going professional support. 

At present we specialise in Dubai, Qatar and KSA (Kingdom of Saudi Arabia) company formation and compliance support services.

Accounting, audit and if applicable tax services are routinely performed to all our clients anywhere in the world. Our multidisciplinary team will ensure that other linguistic or cultural differences are welcomed and valued.

What are you waiting for?

Contact us for a free first consultation at: kt@cyprusaccountants.com.cy or + 357 22 041 380.