This Place is Better Than Dubai? (Offshore Company Formation)

☎️ Book a call with Michael:

We don't hear people talking about Qatar, as a place to relocate or to form a company. UAE, and namely Dubai takes all the fame and glory in the region. But for some people Qatar might be a better option and here is why.

UAE companies are quite expensive to set up and maintain. On top of this now you have 9% corporate tax rate. With taxes come other obligations, such as accounting and reporting, etc. all of this will add to the cost of running your UAE company.
If you don't plan to live in UAE, and are only looking for an offshore company, this may not be the best option for you.

Qatar is possibly a better option for company formation than the UAE. Yes, the corporate taxes are slightly higher, at 10% but there are some interesting quirks of these companies.

First, there is an option to form a free zone company (similarly to the UAE). If your business qualifies for a free zone, you will benefit from zero corporate tax.

Second, Qatar has a great network of tax treaties - which can be very useful!

On top of this, you will be able to get good banking options for your business in Qatar. This is NOT the case for many offshore jurisdictions, where good banking is practically impossible.

Finally, if you actually want to move to Qatar, and live in Doha you will be able to save money in comparison to its counterpart Dubai. Life in Qatar at the moment, is cheaper than life in UAE, and especially Dubai.
-------------------------------------------------------------------------------------------------------------------------

Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.

Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.

At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.

With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.

☎️ Book a call with Michael:

🌎 Visit our website:

[eliotgoodfellow]

UAE said they'd be tax free for 50 years, after circa 15 years they've changed it. Likely the 9% is a starter and will change again from there.

[spacewalktraveller]

Thanks for the video, it was interesting, I never thought of Qatar. Geneva is a nice looking city but it's a total bore to visit.

[Ishe]

Its a great option, qatar also relaxed their rules on crypto. Not sure if forex trading falls into the free zone category but something to consider as i am thinking to relocate to the middle east.

[WallStreetIceCream]

Surprised the condos in qatar are more expensive than in uae

[YCAPofficial]

Really useful, but would be helpful to know the cost comparison with Dubai companies.

[StevenYevski]

Bahrain doesn’t have any taxes on corporations.

[gscsingh]

It’s not abt 9% tax, security, business friendly, liberal, infrastructure, housing that’s why UAE wins over Qatar. Even at 10% Dubai will keep growing.Ease of doing business and brilliant Banking .

[lorenk.]

They are all similar in that Gulf region, excluding Iran of course.

[Rogaline]

does Qatar have the same obligations as UAE in terms of the owner has to have a resident visa that requires the presence once every 6 months ?

[StevenYevski]

If you in banking there are 20-25% taxations in UAE

[clindj]

Wouldn't Cyprus be a better option than all the ones you listed? Low taxes, lower rent, better weather, much lower cost of living and permanent residency options. Also, their legal system is based on the British Legal system which all youtubers should mention.

[CreepyTrendMan]

What is the best Country for a Day trader able to compound extremely fast ? UK is where I'm from but that's 50%, culture is in a huge down trend and the weather is . Thailand where I live now is 35% but You don't get anything in return apart from the Country itself wich is wonderful but 35% of all profits .... emmmm doesn't sit well . NO way would I want to live in UAE. Married and have a 7 year old . In a bit of a pickle lol.

[sgkenswil]

From experience, Qatar is not popular for a reason.

[FighterFred]

Everything is not tax, there is also cultural heritage and political risk. If there is a global war, all those muslim countries will be on the opposite side in relation to the West. Add to that, several muslim countries finance islamic invasion and mosques in the West. The US has enormous problems which will escalate if Harris becomes president. That leaves a few European countries. The UK is gone, France and Germany as well. The Med countries are for holidays and not business. Sweden is lost due to muslim immigration. So which country remains?

[DarkLieutenant-uyev]

Muslim countries like UAE are out of the question. Many of us would prefer not to live under Arab rule. Any action could be interpreted as illegal, in which case Sharia law would apply.

[eternalchief]

Muslim countries like UAE are out of the question. Many of us would prefer not to live under Arab rule. Any action could be interpreted as illegal, in which case Sharia law would apply.